Personal Protective Equipment Market is anticipated to rise at a value CAGR of 6.6% over 2019-2028. According to a study published by Insure Insights on the Personal Protective Equipment Market, Personal Protective Equipment is mostly used to protect the user against health or safety risks that happen at work. It includes items like gloves, safety helmets, eye protection, high-visibility clothing, safety footwear, and safety harnesses. It also includes those kits to protect respiratory organs known as respiratory protective equipment. The increase in the demand for multipurpose equipment and the rise in the awareness about the importance of workplace safety are driving the growth of the market.
Top Driver: The increase in the number of accidents at the workplace is expanding the market growth
There has been a significant increase in the number of accidents at work worldwide, especially in industries like manufacturing, construction, Oil, and Gas. The outbreak of Covid-19 has further enhanced the market growth due to the rise in the demand for Personal Protective Equipment (PPE) kits for healthcare workers like Doctors, Nurses, and other medical staff, the Outbreak of Covid -19 have significantly raised the demand for Respiratory protective kits. Technological innovation, along with changing consumer needs for PPE kits, has further accelerated the market growth.
Hands and Arms protection to Make Crucial Contribution to the Growth of Global Personal Protective Equipment Market
Based on the Type Segment Hands and Arms, protection has held the highest market growth due to the high possibility of the injuries to hands and arms. Moreover, the rise in the use of Hand protection in the healthcare industry for the doctors, nurses have propelled its growth. The Outbreak of Covid -19 had a strong influence on the Hands and Arms protection and has further enhanced the growth of the segments. The rise in the Oil and Gas industry has further propelled the demand of the Hands and Arms protection. In terms of End User, the Oil and Gas industry has dominated the market growth due to the high demand for personal protective equipment in the oil and gas industry. The high demand for natural gas and an increase in the export of petrol have further driven growth. The increasing demand for better public infrastructure, like, roadways, airports, and railways, especially in the developing economies, has further driven the segment growth. The outbreak of Covid -19 has propelled the growth of PPE kits in the Healthcare industry.
The rise in the demand for highly effective wear-and-tear-resistant equipment’s to drive the Market in Europe
Industries like metal manufacturing, Oil and gas, automotive, and refining have a high requirement of PPE equipment. The increase in the number of industries in Europe has driven regional market growth. The need for high-utility personal protective equipment and an increase in the number of occupational injuries in industries, technological advancements, and changing consumer preference is further driving the regional market growth.
Strategic Collaborations, Mergers and Acquisitions are the major strategies of the competitors
The key competitors of the global Personal Protective Equipment Market are 3M Co., Ansell Limited, MSA Safety Inc., Honeywell International Inc., Sioen Industries NV, E I DuPont de Nemours and Co., Kimberly-Clark Corporation, Lakeland Industries, Inc., Alpha Pro Tech, Ltd. and Radians, Inc.
3M: 3M is a popular competitor of the global Personal Protective Equipment Market. In May 2019 3M had announced that it had completed the acquisition of wound-care company Acelity, the deal was made for USD 6.7 billion, the acquisition was made by 3M to expand its product portfolio in wound dressing industry,
Ansell Limited: Ansell Limited is a giant competitor of the global Personal Protective Equipment Market. In February 2019, Ansell Limited had announced the acquisition of Ringers Gloves, a global leader of gloves manufacturing used in Oil & gas and general industry segments. Ansell Limited had made this acquisition to expand its product portfolio.
Honeywell International Inc.: Honeywell International Inc. is one of the major competitors of the global Personal Protective Equipment Market. In the year 2019, Honeywell had announced the acquisition of TruTrak Flight Systems; they are a leader in autopilots for experiments, light-sport, and certified aircraft. The acquisition was made by Honeywell to deliver affordable technologies to the experimental and general aviation markets.
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