Personal Protective Equipment Market - North America to Remain on Top
The global market for personal protective equipment market stood at US$40.4 bn in 2016. The opportunity in this market is projected to expand at a CAGR of 7.0% over the period from 2017 to 2025 and rise to US$72.08 bn by the end of the forecast period. The manufacturing industry has surfaced as the leading end user of personal protective equipment and the scenario is anticipated to remain so over the next few years. Among products, the demand for fall protection equipment is relatively higher and researchers expect this trend to continue in the near future, states the research report.
“The rapid industrialization is the main driving force behind the growth of the worldwide market for personal protective equipment,” says an analyst at TMR. The increasing awareness among consumers pertaining to personal safety and the substantial increase in the manufacturing and the transportation sectors are also propelling the market considerably.
On the other hand, the volatility in the raw material prices may hamper the market’s growth in the near future. However, the increasing implementation of stringent rules and regulations for work place safety by several government authorities is anticipated to support this market over the forthcoming years, states the research report.
The personal protective equipment market has been segmented on the basis of product type, application, and geography. Based on product type, the market has been further classified into Eye and Face Protection, Head Protection, Hearing Protection, Protective Clothing, Respiratory Protection, Professional Footwear, Fall Protection, Hand Protection and Others.
On the basis of application, the personal protective equipment market is classified into Construction, Manufacturing, Oil & Gas, Chemicals, Food, Pharmaceuticals, Transportation, Healthcare and Others. Geographically, the report classifies the global personal protective equipment market into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America.
The regions are analyzed in terms of revenue and volume generation. Furthermore, region wise prominent countries covered in the report include the following - U.S, Canada, U.K., Germany, Italy, France, China, Japan, India, GCC countries, South Africa and Brazil.
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