Manufacturers have integrated their products with technology, attracting downstream markets
New York, NY (PRWEB) October 23, 2014
Over the past five years, the Respiratory Protection Equipment Manufacturing industry has exhibited slight growth, due to the high prevalence of respiratory diseases among many downstream sectors. For example, the World Health Organization ranks respiratory disease as one of the top six most common workplace ailments, which has incited many downstream markets to invest in respiratory protection devices. For instance, the advent of new technologies, namely filter media and exhalation valves, has made it easier for workers to breathe while wearing respiratory devices, thus increasing workers' compliance with industry products. Moreover, many manufacturers have tailored their respiratory designs to particular end users. According to IBISWorld Industry Analyst Sarah Turk, “Manufacturers have started including detectable metal components to help lower food and beverage manufacturers' risk of contamination.”
Additionally, many manufacturers have integrated their products with technology, which has been particularly integral in attracting downstream markets that operate in extreme conditions (e.g. the mining sector). Nevertheless, according to the Occupational Safety and Health Administration, respiratory violations were one of the most common violations among companies in 2013 (latest data available), which may have slightly constrained industry revenue growth. As a result, the cartridge change schedule for respiratory device equipment (e.g. filters) was likely extended over a longer duration for many downstream markets, thus limiting industry revenue growth. During the five years to 2014, industry revenue is expected to grow at an annualized rate of 0.1% to $1.2 billion, including a 1.1% rise in 2014 alone. Profit is expected to contract in 2014, which can be partly attributed to input commodity volatility (e.g. resins and plastic materials). “This trend has dampened industry profitability in line with strong price-based competition from foreign manufacturers limiting the extent that industry operators could mark up prices and remain competitive,” says Turk.
During the five years to 2019, industry revenue is forecast to grow. Over the period, manufacturers will likely tailor their product's cartridge change schedule to individual situations, which will stimulate growth by requiring many downstream markets to purchase filters and other ancillary products more frequently.
For more information, visit IBISWorld’s Respiratory Protection Equipment Manufacturing in the US industry report page.
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IBISWorld industry Report Key Topics
This industry manufactures respiratory protection equipment, including respirators, masks and accessories, gas masks, respiration air supplying self-contained breathing apparatus and accessories, respirator filters and accessories, protective films, and powered air-purifying respirator systems (PAPRs) and accessories. The industry does not include sleep and breathing aids for consumers with medical conditions, since these products are not considered protection equipment.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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