SELBYVILLE, Del., June 21, 2021 / PRNewswire / – Based on a report by Global Market Insights Inc., the global personal protective equipment market has been estimated to be $ 55 billion in 2020 and is expected to exceed $ 120 billion by 2027, by registering with a 9.5% CAGR from 2021 to 2027. The report provides in-depth analysis of major investment avenues, major winning strategies, drivers and opportunities, hesitant industry trends, market estimates as well as competitive size and scenarios .
Growing concerns about the safety and security of employees in the workplace, coupled with an increased risk of exposure to hazardous chemicals, toxic fumes, dust and fumes in different manufacturing industries, are expected to increase the share of PPE market during the forecast period.
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The head protection equipment market was valued at $ 2 billion in 2020 and is expected to reach more than $ 25 billion by 2027, registering a CAGR of 9.3% over the forecast period. The increased risk of falling or throwing objects, electric shocks, spills and splashes in different industries are expected to increase the demand for head protection equipment.
Cases of serious injuries such as sprains and concussions among industrial workers have forced employers to enforce the use of head protection equipment, thus propelling the growth of the personal protective equipment (PPE) market. Labor-intensive activities such as handling equipment such as cranes, hoists, etc. while working in shafts, shafts, tunnels, etc. involved in mining, construction, energy and forestry are expected to further increase the demand for hard hats and hard hats.
The fall protection equipment market is expected to reach over $ 7 billion by 2027. The increase in safety standards and regulations to protect the workforce in different end-use industries to prevent sensitive body parts from falling from debris, accidents, slips and dips. Other hazards are expected to increase demand for fall protection equipment such as scaffolding, handrails, barriers, movable platforms, full body harnesses, lanyards and retractable lifelines during the forecast period.
The global market for personal protective equipment (PPE) for oil and gas applications is expected to grow at a CAGR of over 10% between 2021 and 2027. The increase in oil exploration activities carried out in various countries of the world such as United States, Russia, Canada, Saudi Arabia and the United Arab Emirates are expected to increase the demand for personal protective equipment (PPE) including steel toe boots, flame retardant clothing, safety glasses and hard hats during the forecast period. In addition, strict regulations regarding the high levels of safety to be maintained by workers at oil drilling sites are likely to further promote the growth of the market.
The North American PPE market is expected to experience healthy growth at a CAGR of over 9% during the forecast period owing to the increase in oil and gas activity in the region and the strict standards regarding the safety of the equipment. employees in the workplace. On the other hand, Europe is expected to experience healthy growth at the rate of 9.2% during the assessment period due to the growth of construction, chemical and manufacturing industries in the region.
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The boom in the transportation industry, including rail transportation, could support growth in regional demand. The introduction of occupational safety standards and compliance with strict regulations that require the use of safety footwear in the work environment through the implementation of the European PPE Directive 89/686 / EEC should help further to the growth of the personal protective equipment (PPE) market in the Region.
The main players in the PPE industry are 3M Company, Honeywell International Inc., Alpha Pro Tech, Ansell Ltd., Avon Protective Systems Inc., JAL Group France SAS, COFRA SRL, Often Rich Holdings Company Limited (Gold chang), UVEX Safety Group GmbH, Rock Fall Limited, Dupont de Nemours Inc., MSA Company, Mallcom, Radians, Polison Corporation, Cigweld, Gateway Safety Inc., BartelsRieger Atemschutztechnik GmbH & Co. KG. Market players focus on developing new products by entering into collaborations and partnerships with other companies to strengthen their presence in the market.
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Global Market Insights Inc., headquartered in Delaware, United States, is a global provider of market research and consulting services. Offering syndicated and personalized research reports, growth consulting and business intelligence services, Global Market Insights Inc. aims to help clients with insightful insights and actionable market data that aid strategic decision making.
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PPE Market Statistics – 2027
SOURCE Global Market Insights Inc.