Personal Protective Equipment Market Expected to Reach Value of US$ 58.9 Bn by 2027
According to anew market report published by Industry Probe, the global personalprotective equipment market is expected to reach US$ 58.9 Bn by 2027 andexpand at a CAGR of 6.3% from 2019 to 2027.
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The reportstates that the global personal protective equipment market was valued at US$ 34,208.6Mn in 2018 and is expected to expand at a CAGR of 6.3% from 2019 to 2027. Rise inawareness about safety at workplace is anticipated to fuel the global market forpersonal protective equipment during the forecast period. From a regionalperspective, North America held a prominent share of the global personalprotective equipment market in 2018 followed by Europe and Asia Pacific. Apartfrom these, Middle East & Africa is expected to be a key upcoming marketfor personal protective equipment during the forecast period. Rise in constructionactivities, rapid urbanization, and stringent government regulations are projectedto drive the personal protective equipment market in the region
Apart from these, rise in demand for personal protective equipment from differentend-use industries, such as manufacturing, construction, mining, oil & gasexploration, automotive, transportation & logistics, and chemicals, isanticipated to drive the market. Many developed as well as developing regions, suchas North America, Asia Pacific, and Europe have implemented stringentregulations mandating the use of personal protective equipment at workplace.Strict regulations have been imposed by various regulatory bodies making it mandatoryfor end-use industries to provide personal protective equipment to theirworkers. This has significantly increased the demand for personal protectiveequipment. Industrial automation is expected to have a negative impact on the globalpersonal protective equipment market. Adoption of latest technologies isanother major factor restraining the global personal protective equipment market.
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The report has segregated the personal protective equipment market interms of end-use, distribution channel, and region. Based on end-use, manufacturingand construction industries are the major contributors to the global personalprotective equipment market. In terms of distribution channel, offline isexpected to be the most attractive segment during the forecast period due tothe preference of consumers for offline shopping. In terms of region, NorthAmerica holds a major share of the global personal protective equipment market,followed by Europe. Governments across different regions have laid down strictregulations related to the use of personal protective equipment at workplaces. Rapidindustrialization and rise in infrastructural activities are likely to increasethe attractiveness of personal protective equipment market during the forecast period.
The personal protective equipment market is dominated by several playersthat are focused on the development of new products to cater to the risingdemand .The report includes the below mentioned pointers of major playersoperating in the global personal protective equipment market:
Ø CompetitionMatrix
Ø Company Overview
Ø ProductProfiling
Ø Market ShareAnalysis (2018)
Ø Product Innovation
Ø ProductComparison Analysis
Ø BusinessStrategies/Recent Developments
§ Technologicaladvancements
§ Key mergers & acquisitions
§ Expansionstrategies
Ø CompanyFinancials
Some of the major players operating in the personal protective equipmentmarket are featured in this report to give a better competitive analysis of themarket and these include 3M Company, Ansell Limited, E I du Pont de Nemours andCo. (DuPont), Kimberly-Clark Corporation, MSA Safety Inc., Alpha Pro Tech, Ltd.,Drägerwerk AG & Co. KGaA, Honeywell International Inc., Lakeland IndustriesInc. and Uvex safety.
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