Personal Protective Equipment Market in India 2017-2021
About Personal Protective Equipment
Personal protective equipment (PPE) like helmets, gloves, and safety glasses help provide a safe and healthy work environment for employees working under extreme and hazardous conditions. The equipment is essential for the protection of eyes, ears, face, and other body parts when working around hazardous machinery. Technological innovations in industry-specific protective equipment and introduction of smart wearable devices, along with stringent regulations in many industries, have increased the adoption of PPE.
Technavio’s analysts forecast the personal protective equipment market in India to grow at a CAGR of 13.29% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the personal protective equipment market in India for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.Technavio's report, Personal Protective Equipment Market in India 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Personal Protective Equipment Market in India 2017-2021
Technavio recognizes the following companies as the key players in the personal protective equipment market in India: 3M India, Honeywell, Karam Industries, Mallcom India, and MSA Safety.
Other Prominent Vendors in the market are: Armstrong Products, Bata Industrials, DuPont, Joseph Leslie, Kimberley-Clark, Lindström, Neo Safety Products, Super Safety Services, Sure Safety, Tara Lohia, Udyogi, and Venus Safety & Health.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is integration of e-commerce channels for procurement of PPE. The B2B e-commerce market in India is still at a nascent stage and offers a high opportunity for growth. The market is expected to reach $700 billion by 2020. The procurement of PPE via e-commerce channels is gaining momentum in India. This integration will enable customers to compare products and see product reviews, videos, photos, and blogs, which are embedded with product information originating from the manufacturer.”
According to the report, one driver in the market is increasing focus on product innovation and aesthetics. Over recent years, many vendors have come up with innovative products and technologically advanced products to enhance the sales of PPE. The products that combine safety with attractiveness will augment industry expansion over the forecast period. Owing to R&D, improved product standards, collaborations with associations, standards set by regulatory bodies, and government support for initiatives related to worker safety, the manufacturers are able to deliver high-quality products. With advances in technology, the PPE market is expected to undergo significant developments and provide value-added products with premium pricing, which will drive the PPE market during the forecast period.
Further, the report states that one challenge in the market is availability of low-cost, uncertified, and sub-standard products. In India, there are many local and regional players that manufacture and sell low-cost, uncertified, and sub-standard products. Small enterprises are largely spread across the country. In most Tier 2 & 3 cities, various PPE vendors import the products from countries like China and Bangladesh. These products are substandard and low cost, offering high-profit margin for such vendors, eroding the market share of certified PPE manufacturers. The end-users prefer these products due to the price factor. To increase the volume of PPE, vendors are forced to offer products at competitive prices, which puts pressure on their margins.
3M India, Honeywell, Karam Industries, Mallcom India, MSA Safety, Armstrong Products, Bata Industrials, DuPont, Joseph Leslie, Kimberley-Clark, Lindström, Neo Safety Products, Super Safety Services, Sure Safety, Tara Lohia, Udyogi, and Venus Safety & Health.
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