PUBLISHER: Acute Market Reports | PRODUCT CODE: 1313701
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1313701
Personal protective equipment (PPE) market expected to Grow at 6.2% by 2031, All clothing, helmets, other garments and goggles, which are used to protect the wearer's body from any injury are referred to personal protective equipment (PPE). Personal protective equipment are basically used for safety during sports activities, recreational and other activities ensuring full body protection from airborne particulate, heat, electrical, biohazards, physical hazards and others. New product development is a key factor driving the demand for PPE equipment across the globe. Other factors fueling the personal protective equipment market growth include growing awareness and consciousness for safety in workplace, government policies and regulations for safety compliance of workers and development of cost-effective products by manufacturers. Also, increasing accidents at workplace, infection related issues especially in healthcare sector and improvement in overall manufacturing and industrial sector are expected to bolster the personal protective equipment market growth in the next five to six years.
North America is anticipated to remain dominant in terms of revenue contribution, followed by Europe and Asia Pacific. Asia Pacific is further expected to record highest growth during the forecast period. This is majorly attributed to increasing product availability, improving distribution channel and rising awareness among consumers. However, tariffs barriers coupled with high cost associated with personal protective equipment manufacturing might hamper market growth. Personal protective equipment manufacturers are focused on improving supply chain, emphasizing on end-user preferences and enhancing geographic reach. In addition, manufacturers are developing products offering better safety, maintenance and comfort to the wearer.
Ansell Healthcare Products LLC., V Group, Wells Lamont Industry Group, Honeywell Life Safety, 3M Company, Bekina NV, Alpha Pro Tech Ltd., Gateway Safety Inc., Rahman Group, Avon Rubber PLC., Lakeland Industries Inc., DuPont, COFRA S.r.l., FallTech, Mine Safety Appliances (MSA) Company, Lindstrom Group, Mallcom (India) Ltd., Radians, Inc., Polison Corp., Delta Plus Group And Other Notable Players.
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation ofPersonal Protective Equipment (PPE) market are as follows:
Micro and macro environment factors that are currently influencing the Personal Protective Equipment (PPE) market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
FIG. 9Market Positioning of Key Personal Protective Equipment (PPE) Market Players, 2022
FIG. 10Global Personal Protective Equipment (PPE) Market - Tier Analysis - Percentage of Revenues by Tier Level, 2022 Versus 2031