Personal Protective Equipment to Exceed $30 Billion by 2010, According to New Report by Global Industry Analysts, Inc.
Driven by significant new opportunities in respiratory protection, and eye & face protection equipment, the world market for personal protective equipment is projected to exceed US$30 billion by 2010. Growth will be spurred primarily by industrial boom in developing regional markets and an increasing need for regulatory compliance.
San Jose, California (PRWEB) July 16, 2007 -- Personal Protective Equipment industry is encountering new challenges as production processes are increasingly automated. The market for Personal Protective Equipment (PPE) has matured from a base of plain equipment and components, into a business for sophisticated system solutions, including intelligent management systems.
A staggering array of products and solutions are being offered, with an option for customization wherever required. Regulatory controls, along with a rise in costs associated with workplace accidents have resulted in higher compliance standards worldwide. Increasing instances of terror attacks and epidemics have resulted in a generally higher level of awareness regarding protective equipment. Leading players in the PPE industry are broadening their product portfolio and seeking new markets, driven by saturated demand and intense competition in developed markets.
Europe is the largest market worldwide, worth an estimated US$9.9 billion in 2007. United States is the second largest regional market followed by Japan at third position. Collectively, US, Europe and Japan account for close to 80 percent of the global personal protective equipment market. Significant Euro-Dollar exchange rate fluctuations resulted in a relatively higher year-over-year growth in case of European markets over the recent past. The global and regional markets are expected to grow at CAGRs ranging between 3% and 6%. Traditional workwear represents the largest market segment with sales estimated at US$7.7 billion in 2007. Protective clothing, the second largest market segment, is expected to reach US$6.7 billion by 2010. Protective gloves and footwear market is projected to grow at a CAGR of over 4% through 2010.
The global marketplace is fragmented and characterized by several well-established players as well as small, niche companies. Market participants include 3M Company, Aearo Company, Alpha Pro Tech Ltd., Ansell Healthcare Products LLC, Bacou-Dalloz Group, BartelsRieger, Bekina, Björnkläder AB, Capital Safety Group, Defense Industries International, Draegerwerk AG, E.D. Bullard Company, Eurodress GmbH, Gateway Safety, Inc., International Safety Instruments Inc., Interspiro, Jackson Products Inc., Jallatte Group, Johnstone Safety Products, Kwintet A/S Group, Latchways Plc, Louis M. Gerson, MAPA Spontex, MCR Safety, Mine Safety Appliances, Moldex-Metric, Inc., Norcross Safety Products LLC, Oy Silenta Ltd, Pacific Helmets, Pammenter & Petrie, Pro-Guard Technologies, Respire Ltd., Safety Equipment America, Saf-T-Gard International, Sioen Industries NV, Schuberth Helme GmbH, Scott Health & Safety, Skylotec, SpanSet (UK) Ltd, The heightec Group, Tractel Group, Uvex Winter Holding, Vandeputte and Wells Lamont Industry Group.
"Personal Protective Equipment: A Global Strategic Business Report" provides a comprehensive review of market trends, drivers, challenges, product profile, players, competition, technological developments, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, Spain, Asia, Latin America and the Middle East. Analytics are provided in terms of product segments including Traditional Workwear, Protective Clothing, Respiratory Protection Equipment, Eye & Face Protection Equipment, Hearing Protection Equipment, Head Protection Equipment, Fall Protection Equipment, and Gloves and Footwear.
For more details about this research report, please visit www.strategyr.com/MCP-1171.asp.
About Global Industry Analysts, Inc.:
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site www.StrategyR.com
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