The growing industrialization and stringent safety norms at workplaces and massive usage by the healthcare industry due to the COVID-19 pandemic have been driving the Personal Protective Equipment market.
New York, United States – May 14, 2020 /MarketersMedia/ —
The COVID-19 epidemic has increased demand for PPE products, including masks, respirators, protective clothing, and gloves. Manufacturing, and aerospace, provided PPE to their employees to protect them from the sudden onset of the COVID-19 pandemic. Besides, manufacturers are working at 100% of their capacity to supply PPE in all regions due to the growing gap between supply and demand. As a result, demand for PPE is expected to grow over the forecast period.
The global Personal Protective Equipment market is forecast to grow at a rate of 7.6% from USD 49.05 billion in 2019 to USD 85.09 billion in 2027. The growing need for respiratory equipment in mines, emergency response, the military and law enforcement, health care, and fire departments, associated with the increase in hand injuries in the workplace, is expected to drive market growth for PPE over the next few years.
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The report also emphasizes the initiatives undertaken by the companies operating in the market including product innovation, product launches, and technological development to help their organization offer more effective products in the market. It also studies notable business events, including corporate deals, mergers and acquisitions, joint ventures, partnerships, product launches, and brand promotions.
Leading Personal Protective Equipment manufacturers/companies operating at both regional and global levels:
AG ANSELL LTD, Honeywell International Inc., 3M, Delta Plus Group, Alpha Pro Tech, Metric AG & Co. KG., Kimberly-Clark Worldwide, Inc. (KCWW), Toshiba Corporation MSA, Lakeland Inc., and DuPont, among others.
The assessment offered in this report helps manufacturers functioning in the Personal Protective Equipment market obtain detailed information of the market positions, strengths, and weaknesses of their competitors by employing various analytical tools like SWOT analysis and Porter’s Five Forces Analysis. The study also sheds light on the production capacity, production plants, volume, facilities, organizational structure, collaborations, product descriptions, raw material suppliers, concentration rate of raw materials, and performs a detailed assessment of the global landscape of the Personal Protective Equipment industry.
The segmentation included in the report is beneficial for readers to capitalize on the selection of appropriate segments for the Personal Protective Equipment sector and can help companies in deciphering the optimum business move to reach their desired business goals.
End Use Outlook (Revenue, USD Billion; 2017-2027)
• Oil and Gas
• Food and Beverage
Hazard Outlook (Revenue, USD Billion; 2017-2027)
Product Outlook (Revenue, USD Billion; 2017-2027)
• Hands and Arm
• Eye and Face
• Head Protection
• Foot and Leg
• Protective Clothing
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Further key findings from the report suggest
• Growing concerns about the health and safety of employees in earthquake-prone areas should encourage employers to follow workplace safety rules and encourage the use of personal safety equipment when working in high-risk activities. Also, a growing awareness of precautions to take after disasters should encourage various industries to prepare for natural disasters. This should stimulate demand for products during the forecast period.
• Technological advances, combined with changing consumer trends, have led to a significant change in manufacturing techniques to obtain superior quality finished products. The industry has also witnessed a surge in high-tech multifunctional protective clothing. However, these manufacturing processes are costly and complicated for workshop workers to understand. This could have a deterrent effect on market growth.
Regional Outlook (Revenue, USD Billion; 2017-2027)
• North America
• Asia Pacific
• Latin America
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To summarize, the global Personal Protective Equipment market report studies the contemporary market to forecast the growth prospects, challenges, opportunities, risks, threats, and the trends observed in the market that can either propel or curtail the growth rate of the industry. The market factors impacting the global sector also include provincial trade policies, international trade disputes, entry barriers, and other regulatory restrictions.
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