According to a new
market report published by Transparency Market Research “Personal
Protective Equipment Market - Saudi Arabia Industry
Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,”
The personal protective equipment market, in terms of revenue was
valued at USD 275.1 million in 2014, which is expected to reach USD
444.2 million by 2021, growing at a CAGR of 7.0% from 2015 to 2021.
The increasing
incidences of accidents taking place in workplaces is the major
factor fuelling the demand for the personal protective equipment
market in Saudi Arabia. This factor has led to the increasing
awareness regarding safety among the workers in the end use
industries such as oil and gas, construction, manufacturing,
chemicals, food transportation and others. Additionally, the
regulations set by the Occupational Safety and Health Administration
(OSHA) regarding the usage of personal protective equipment products
have a positive impact on the personal protective equipment market in
Saudi Arabia.
However, owing to
the automation of the production process, where the end use
industries such as oil and gas, construction, manufacturing,
construction and several others are focusing on the usage of advanced
technologies that will guarantee precision and efficiency, which will
in turn reduce the need of human involvement for hazardous tasks.
This factor is greatly inhibiting the personal protective equipments
market in Saudi Arabia.
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Report Copy :
Professional
footwear dominated the personal protective equipments market in terms
of product types accounting for more than a quarter of the total
personal protective equipment market in Saudi Arabia. On the basis of
application, oil and gas sector held the largest market share
compared to the other end use industries that require the usage of
personal protective equipment products.
The personal
protective equipment market in Saudi Arabia is marked by some intense
competition from the major players such as 3M Corporation, Honeywell
Safety, Ansell Ltd, Avon Rubber plc, MSA Safety and several others.
Frequent product innovations through extensive research and
development, mergers and acquisitions, joint ventures and
partnerships are some of the major strategies adopted by these
players to retain their stronghold in the personal protective
equipments market.
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