A report published
by Transparency Market Research (TMR) on the global personal
protective equipment market estimates the market to register a CAGR
of 7.30% between 2014 and 2020. The market is likely to increase
from an overall value of US$34 bn in 2013 to an expected value of
US$55.5 bn by the end of the forecast period. The study is titled,
“Personal
Protective Equipment Market - Global Industry Analysis,
Trend and Forecast 2014 - 2020.”.
Personal protective
equipment (PPE) refers to wearable equipment that protects the
wearer's body from injuries, infections, and various physical,
electrical, heat-borne, fire-borne, chemical-borne, and perils of
airborne particulate matter. Protective clothing, goggles, industrial
footwear, and helmets are some of the commonly used personal
protective equipment. In the recent times, this equipment has
witnessed a remarkable rise in demand. The increased concerns over
the safety of employees at work have propelled the global market for
personal protective equipment significantly.
According to the
report, the worldwide personal protective equipment market is likely
to gain significant impetus from the untapped opportunities present
in the developing economies of Asia Pacific and South America over
the forecast period. However, the growth of this market is
anticipated to be restricted in the coming years, as the rising
automation of manufacturing processes has started to limit manual
interference in operations.
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The report analyzes
the worldwide personal protective equipment market on three fronts:
Its regional spread, type of equipment, and application. Europe, the
Middle East, North America, South America, Asia Pacific, Russia, and
Africa have been identified as the key regional markets for personal
protective equipment in this research study.
Based on the type of
equipment, the market has been classified into face, head, and eye
protection equipment, hand protection, fall protection, respiratory
protection, hearing protection, protective clothing, professional
footwear, and other personal protective equipment. Among these, the
professional footwear segment acquired the leading position in 2013
with a whopping US$7 bn. However, the fall protection segment, which
stood at US$2.7 bn in 2013, is likely to post the fastest growth rate
during the forecast period at a CAGR of 8.80%, notes the study.
By application, the
report has segmented the market into transportation, pharmaceuticals,
food, chemicals, oil and gas, manufacturing, construction, and
several other application. In 2013, the manufacturing segment
exhibited the highest consumption of personal protective equipment,
accounting for a total revenue of US$6.7 bn. However, the application
of such equipment in the transportation industry is likely to
increase at the fastest CAGR of 7.80% during the forecast period. The
rapid increase in the logistic operations around the world is
projected to stimulate the demand for personal protective equipment
in this industry over the next few years.
Alpha Pro Tech Ltd.,
COFRA Holding AG, Oftenrich Holdings Co. Ltd., Uvex Safety Group, JAL
Group, Avon Rubber Plc, Honeywell Safety Products, Rock Fall Ltd., 3M
Co., and Ansell Ltd. are the major international manufacturers of
personal protective equipment, mentioned in this report.
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forward-looking insight for thousands of decision makers. TMR’s
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and analyze information.
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repository is continuously updated and revised by a team of research
experts so that it always reflects the latest trends and information.
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