PUBLISHER: The Insight Partners | PRODUCT CODE: 1562305
PUBLISHER: The Insight Partners | PRODUCT CODE: 1562305
The Asia Pacific workwear market was valued at US$ 8,359.73 million in 2022 and is expected to reach US$ 14,495.05 million by 2030; it is estimated to register at a CAGR of 7.1% from 2022 to 2030.
Introduction of Stringent Government Regulations Boosts Asia Pacific Workwear Market
The lack of knowledge regarding workplace safety and probable health hazards among workers is a significant global concern. To raise awareness regarding the same, many government and non-government organizations are introducing various programs and campaigns related to the health and safety of the workers. For instance, China's Standardization Administration issued GB 38453-2019, an obligatory national standard for protective gear against heat. The required national standard took effect on July 1, 2020. This is a new mandatory national standard, as stated in China's No. 17 notification on newly authorized national standards for 2019. Additionally, the Chinese Ministry of Industry and Information Technology has published an updated industry standard for casual clothes, FZ/T 81007-2022. It was included in No. 10's release of approved industry standards in 2022 and replaced the previous version, FZ/T 81007-2012, on October 1, 2022. Thus, introducing a stringent regulatory framework for the industrial sector supports the region's market growth.
Asia Pacific Workwear Market Overview
The Asia Pacific workwear market is segmented into China, India, Australia, Japan, South Korea, and the Rest of Asia Pacific. These emerging countries are witnessing an upsurge in work safety majors and expenditures on work safety, which offers ample opportunities for the key market players in the workwear market. Asia Pacific is one of the prominent global workwear markets due to the rising number of occupational accidents, poor infrastructure, and initiatives to reduce workplace fatality rates. According to the International Labour Organization (ILO), in 2021, every year, more than 1.1 million people lose their lives to occupational accidents or work-related diseases in Asia Pacific. The countries such as India are the source of the least protected, least informed, and least trained workforce. Women, children, disabled workers, migrant workers, and ethnic minorities are the most affected populations and are often involved in occupational accidents. Hence, to reduce such occupational accidents and injuries, industries such as construction, manufacturing, and oil & gas are extensively investing in the work safety of their employees. Hence, the increasing awareness regarding work safety drives the demand in the Asia Pacific region. Besides, the increasing number of campaigns through organizations such as the World Health Organization (WHO), the International Labor Organization (ILO), and the Food & Drug Administration (FDA) in the Asia Pacific in this region to raise awareness related to health hygiene and enhancing work infrastructure in developing countries is propelling the demand for industrial, and healthcare workwear in industry.
Further, since COVID-19, the healthcare industry has emerged in this region. The rising focus on healthcare worker safety, increasing hygiene standards, and the growing number of startups and medical device companies in this region contribute to the workwear market expansion. Further, the rising awareness regarding the availability of minimally invasive treatments in Asia is propelling the healthcare workwear market growth.
Asia Pacific Workwear Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Workwear Market Segmentation
The Asia Pacific workwear market is segmented based on product type, category, end use, distribution channel, and country.
Based on product type, the Asia Pacific workwear market is bifurcated into topwear, bottomwear, and coveralls. The topwear segment held the largest share in 2022.
In terms of category, the Asia Pacific workwear market is segmented into men, women, and unisex. The men segment held the largest share in 2022.
Based on distribution channel, the Asia Pacific workwear market is segmented into wholesalers, supermarkets and hypermarkets, specialty stores, and online platforms. The wholesalers segment held the largest share in 2022.
By end use, the Asia Pacific workwear market is segmented into construction, oil and gas, chemicals, healthcare, and others. The others segment held the largest share in 2022.
Based on country, the Asia Pacific workwear market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific workwear market in 2022.
ARAMARK, Alisco Group, 3M, Honeywell International Inc., and Lakeland Industries Inc are some of the leading companies operating in the Asia Pacific workwear market.