Personal Protective Equipment Market - Global Industry Analysis, Trend, Size, Share and Forecast 2014 - 2020
Albany, NY (PRWEB) March 09, 2015
According to a new market report published by Transparency Market Research “Personal Protective Equipment Market - Global Industry Analysis, Trend, Size, Share and Forecast, 2014 - 2020,” the global personal protective equipment market was valued at USD 33,952.5 million in 2013 and is expected to reach USD 55,509.1million by 2020, growing at a CAGR of 7.3% from 2014 to 2020.
Stringent government regulations and increasing awareness about workplace safety is one of the major factors fuelling the demand for personal protective equipment. The government regulations are expected to have an impact over the demand for personal protective equipment during the forecast period. Apart from this, rapid industrialization and foreign investments in the developing countries of Asia Pacific, South America and Africa is also boosting the demand for personal protective equipment.
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By type the personal protective equipment market has been segmented into head, eye and face protection, hearing protection, respiratory protection, fall protection, professional footwear, protective clothing and hand protection. Apart from this, the personal protective equipment also finds application across various segments including construction, manufacturing, food, oil and gas, pharmaceuticals, chemicals, transportation and others. Others segment includes government usage, unorganized sector, small scale manufacturing utilities and agriculture. The large potential of personal protective equipment market in the developing countries is luring many foreign players to enter these markets. However, new entrants have to comply with the standards and regulations in order to sell the products in the local markets.
Professional footwear held the largest market share for personal protective equipments. The professional footwear segment was valued at USD 7,005.8 million in 2013. However, fall protection equipment is the fastest growing segment for personal protective equipment, growing at a CAGR of 8.8% from 2014 to 2020. Rapid industrialization and exponential growth in the construction segment are the major factors fuelling the demand for fall protection equipment.
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Among the different application segments, manufacturing held the largest share valued at USD 6,714.1 million in 2013. However, transportation is the fastest growing application segment for personal protective equipment, growing at a CAGR of 7.8% from 2014 to 2020. The exponential growth in the logistics industry is one of the major factors fuelling the demand for personal protective equipment. Apart from this, government regulations monitoring the work environment is also boosting the demand for personal protective equipment in the transportation segment.
Major industry participants include 3M Co., Alpha Pro. Tech, Ltd., Ansell Ltd., Avon Rubber p.l.c., JAL Group, COFRA Holding AG, Oftenrich Holdings Company Limited (Golden Chang), Honeywell Safety Products, Rock Fall Ltd. and Uvex Safety Group among others. The report studies the personal protective equipment market, and provides estimates in terms of revenue (USD Million) from 2014 to 2020. Market estimates on the basis of application and type have also been provided for global personal protective equipment market.
Other Report : Glass Tableware Market : http://www.transparencymarketresearch.com/glass-tableware-market.html
The market has been segmented as follows:
Personal Protective Equipment Market, by application
- Oil and gas
Personal Protective Equipment Market, by type
- Head, eye and face protection
- Hearing protection
- Protective clothing
- Respiratory protection
- Professional footwear
- Fall protection
- Hand protection
Industrial Protective Footwear Market, by Geography:
- North America
- South America
- Middle East
- Asia Pacific
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