The global protective equipment market size is forecast to reach around US$ 55.6 Billion in 2022. However, with rising focus towards improving the workers safety across diverse industries, the overall sales of personal protective equipment are projected to rise at a healthy CAGR of around 6.3% between 2022 and 2032, totaling over US$ 96.4 Billion by 2032.
Personal protective equipment (PPE) are safety products such as protective clothing, helmets, googles, gloves, face shields, masks, etc. designed to protect the wearer’s body from injury or infection at workplaces. They have become highly sought-after equipment for increasing the workplace safety across diverse industries.
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During the last few decades, there has been a substantial rise in the number of workplace accidents worldwide due to rapid industrialization and frequent outbreaks. According to the International Labour Organization (ILO), an estimated 2.3 million people around the world succumb to work-related accidents or diseases every year. Furthermore, around 340 million occupational accidents are reported annually across the world.
People working in hazardous environments are more prone to infections and injuries. As a result, they require proper protective equipment to reduce exposure to hazards. This is one of the major forces triggering the sales of personal protective equipment. Adoption of PPE protects the workers from hazards such as chemicals, biohazards, radiation, heat, currents etc.
Similarly, implementation of stringent regulations pertaining to improving the safety of workers will continue to generate growth prospects for personal protective equipment market in the future.
Leading market players are vigorously investing in research and development activities for introducing highly efficient multipurpose personal protective products at affordable prices. This will help them to increase sales.
Market Competition
Some of the key participants present in the global personal protective equipment market include 3M Company, Rahman Group, Oftenrich Holdings Co. Ltd., Golden Chang, JSP Limited, Interspiro, Honeywell Life Safety, Gateway Safety Inc., Ansell Healthcare Products LCC, Wells Lamont Industry Group, Avon Rubber p.i.c., JAL Group, COFRA Holding AG, Avon-ISI, Alpha Pro Tech Ltd., Eurodress GmbH, Jallatte Group, Berkina NV, Z and V Group.
These market players are constantly upgrading their product portfolios. They are using innovative materials that could significantly enhance the safety of workers in diverse industries. Besides this, they are partnering with end use industries such as healthcare and oil & gas for supplying wide range of personal protective equipment.
What are the Challenges Faced by the Personal protective equipment Industry?
Although personal protective equipment has numerous ends uses, there are numerous obstacles likely to pose a challenge to market growth. Some of these factors are the increasing automation in end-use industries and high costs of specialized clothing.
Various manufacturing industries across developed and developing regions are integration automation and internet of things (IoT) in their facilities to increase production and minimize the overall costs. This is emerging as a key factor restraining the growth of personal protective market.
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Key Segments Profiled in the Personal Protective Equipment Industry Survey
By Product Type:
- Head Protection
- Eye and Face Protection
- Hearing Protection
- Hand and Arm Protection
- Fall Protection
- Protective Clothing
- Professional Footwear
- Foot & Leg Protection
- Respiratory Protection
By End-Use Industry:
- Healthcare
- Pharmaceutical Manufacturing
- Food Manufacturing
- Construction
- Petrochemicals
- Power & Energy
- Oil & Gas
- Transportation
- Firefighting
- Others
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
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