According to a
report published by Transparency Market Research, the global personal
protective market, as against its value of US$33,952.5 million in
2013, is anticipated to reach US$55,509.1 million by 2020. If the
estimates hold true, the market is poised to exhibit a positive 7.3%
CAGR between 2014 and 2020. The report is titled “Personal
Protective Equipment Market
- Global Industry Analysis, Trend, Size, Share and Forecast 2014 -
2020” and is available on the company website for
sale. Stringent regulations imposed by governments and growing
awareness regarding workplace safety are the key factors driving the
global personal protective equipment market. Apart from this,
increasing foreign investment and rapid industrialization witnessed
by developing economies of Asia Pacific, South America, and Africa
are also likely to boost the demand for personal protective
equipment.
Personal protective
equipment includes head, eye and face protection, hearing protection,
protective clothing, respiratory protection, professional footwear,
fall protection, hand protection and others. Apart from this,
personal protective equipment also finds application across various
industries including construction, manufacturing, oil and gas,
chemicals, food, pharmaceuticals, transportation and others. The
others segment include government usage, unorganized sector,
small-scale manufacturing utilities and service stations among
others.
This report has been
segmented by application, by type and by geography. The study
highlights current market trends and provides the forecast from 2014
to 2020. We have also covered the current market scenario for
personal protective equipment and highlighted future trends that will
have an impact on demand. By geography, the market has been segmented
into North America, Europe, South America, Middle East, Russia, Asia
Pacific and Africa. The present market size and forecast until 2020
has been provided in the report. The report also analyzes macro
economic factors influencing and inhibiting growth of the personal
protective equipment market.
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Report :
Professional
footwear is the largest segment for personal protective equipment by
type. However, the fall protection segment is the fastest growing
segment for personal protective equipment. The fall protection
segment was valued at USD 2,789.5 million in 2013. Apart from this,
head, eye and face protection is also one of the major segments for
personal protective equipment. The head, eye and face protection
segment was valued at USD 5,900.2 million in 2013.
The personal
protective equipment finds application across construction,
manufacturing, oil and gas, pharmaceuticals, transportation and
chemicals among others. The application of personal protective
equipment in the manufacturing sector held the largest share. The
manufacturing segment was valued at USD 6,714.1 million. The
increasing awareness about workplace safety and government
regulations are some of the major factors fuelling the demand for
personal protective equipment in the manufacturing sector. However,
the exponential growth in the logistics industry is boosting the
demand for personal protective equipment in the transportation
segment. The application of personal protective equipment in
transportation sector is the fastest growing market. The
transportation segment was valued at USD 2,604.6 million in 2013.
Major industry
participants are 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.
Online journal Of
Personal Protective Equipment Market :
About Us :
Transparency Market
Research is a global market intelligence company, providing global
business information reports and services. Our exclusive blend of
quantitative forecasting and trends analysis provides forward-looking
insight for thousands of decision makers. Our experienced team of
Analysts, Researchers, and Consultants, use proprietary data sources
and various tools and techniques to gather, and analyze information.
Our data repository
is continuously updated and revised by a team of research experts, so
that it always reflects the latest trends and information. With a
broad research and analysis capability, Transparency Market Research
employs rigorous primary and secondary research techniques in
developing distinctive data sets and research material for business
reports.
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