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. 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.
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Research Report of Personal Protective Equipment Market :
Increasing awareness
about workplace safety and increasing government regulations are the
major factors fuelling the demand for personal protective equipment
globally. However, the personal protective equipment are monitored by
international safety standards. The personal protective equipment
comes with safety symbols. These safety symbols indicate the safety
levels of the equipment.
Health legislations
and occupational safety mandates in many countries are the major
factors driving the demand for personal protective equipment. Worker
safety issues are being addressed and industrialists are focused on
improving the safety standards owing to which there is an increase in
the demand for personal protective equipment globally.
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Report :
This report has been
segmented by application, by type and by country. 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, Middle East, South America, 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.
Rapid
industrialization and increasing foreign investments are some of the
major factors fuelling the demand for personal protective equipment.
Apart from this, upcoming government regulations regulating workplace
environment is also boosting the demand for personal protective
equipment in the developing countries of Asia Pacific and South
America.
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Release of Personal Protective Equipment Market :
Professional
footwear is the largest segment for personal protective equipment.
The increasing demand for protective footwear in the construction,
manufacturing and oil and gas segment is one of the major factors
fuelling the demand for professional footwear. Manufacturing is the
largest application segment for personal protective equipment
globally. Increasing demand for personal protective equipment in the
developing countries of Asia Pacific is fuelling the growth in this
region. However, Africa is also having huge potential for personal
protective equipment with South Africa being one of the major markets
in this region.
However, the
application of personal protective equipment in government usage,
unorganized sector, small scale manufacturing utilities and
agriculture is also boosting the demand for personal protective
equipment. The upcoming government regulations monitoring the work
environment is fuelling the demand for personal protective equipment
in others segment. Apart from this, the exponential growth in the
logistics sector is fuelling the demand for personal protective
equipment in the transportation segment.
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The business
utilities in order to sell their products in the local markets of
Asia Pacific and Middle East have to overcome the tariff and
non-tariff barriers. The MFN (Most Favored Nation) rates, customs and
sales tax are some of the tariff barriers which affect the price of
the products. Apart from this, there are non-tariff barriers such as
government regulations and standards which are to be followed by the
business utilities.
This report provides
strategic analysis of the global personal protective equipment
market, and the market growth forecast for the period 2014 to 2020.
The report includes competitive analysis of various market segments
based on the type, applications and in-depth cross sectional analysis
of the personal protective equipment market across different
geographic segments. To support strategic decision making, the report
also includes profiling of leading players in the industry, their
market share and various strategies adopted by them. The Porter’s
Five Forces analysis and market attractiveness analysis included in
the report provide insight into market dynamics and industry
competition.
The report also
provides review of various factors affecting the market growth, which
are appropriately described as market drivers, restraints, and
opportunities. These factors establish various current trends and
their impact on market size. Overall, the report takes into account a
complete analysis of the global personal protective equipment market,
and provides an estimated growth for the period 2014 to 2020, taking
into account the various factors affecting the market.
The report segments
the industrial protective footwear market as:
Personal
Protective Equipment Market, by Application
- Construction
- Manufacturing
- Oil and Gas
- Chemicals
- Food
- Pharmaceuticals
- Transportation
- Others
Personal
Protective Equipment Market, by Type
- Head, eye and face protection
- Hearing protection
- Protective clothing
- Respiratory protection
- Professional footwear
- Fall protection
- Hand protection
- Others
Personal
Protective Equipment Market, by Geography:
- North America
- Europe
- Russia
- Middle East
- Asia Pacific
- South America
- Africa
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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