PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485804
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485804
Vehicle First Aid Kits Market size was valued at USD 190.7 Million in 2023, expanding at a CAGR of 4.8% from 2024 to 2032.
Vehicle First Aid Kits are portable kits containing essential medical supplies and equipment designed to provide immediate medical assistance in case of accidents or emergencies that occur while on the road. These kits typically include items such as adhesive bandages, sterile gauze pads, adhesive tape, antiseptic wipes, scissors, tweezers, gloves, a CPR mask, etc. With the rise in road accidents globally, there's a growing awareness about the importance of having first aid kits in vehicles, pushing the market forward. Moreover, there's a significant opportunity for market expansion in emerging economies where awareness about vehicle safety measures is increasing.
Vehicle First Aid Kits Market- Market Dynamics
Growing Focus on Safety Driving the Vehicle First Aid Kits Market
The increasing emphasis on safety has become a significant driving force behind the growth of the vehicle first aid kits market. With road accidents being a prevalent concern globally, both individuals and authorities are prioritizing measures to enhance safety on the roads. As a result, there's a growing recognition of the importance of having readily accessible first aid kits in vehicles. According to the World Health Organization, every year, road traffic accidents (RTAs) result in about 50 million injuries or disabilities as well as over 1.2 million fatalities. First aid's fundamental goal is to treat patients until emergency medical assistance arrives. By doing so, many RTA-related deaths and illnesses can be avoided.
Vehicle First Aid Kits Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 4.8% over the forecast period (2024-2032)
Based on product type segmentation, basic first aid kits were predicted to show maximum market share in the year 2023
Based on application segmentation, emergency preparedness was the leading type in 2023
Based on distribution channel segmentation, offline retail was the leading type in 2023
Based on end-user segmentation, emergency response services were the leading type in 2023
based on region, North America was the leading revenue generator in 2023
The Global Vehicle First Aid Kits Market is segmented on the basis of Product Type, Application, Distribution Channel, Vehicle Type, End User, and Region.
The market is divided into four categories based on product type: Basic First Aid Kits, Advanced First Aid Kits, Customized First Aid Kits, and Others. Basic first-aid kits dominate the market share. Public awareness campaigns or educational initiatives about the importance of safety equipment in vehicles can impact demand. If there's increased emphasis on safety, demand might rise.
The market is divided into three categories based on distribution channels: Online retail, offline retail, and Automotive OEMs (Original Equipment Manufacturers). First aid kits are considered essential items and typically have steady demand, especially in places like pharmacies, supermarkets, and outdoor recreation stores. During times of heightened awareness about health and safety, such as after natural disasters or disease outbreaks, demand for first aid kits may increase
Vehicle First Aid Kits Market- Geographical Insights
North America, which includes the United States and Canada as main contributors, is a major player in the global market for vehicle first aid kits. The area is well-served by a strong consumer base with considerable spending power, a thriving economy, and technological breakthroughs. Europe, which includes nations like the United Kingdom, Germany, France, and Italy, is another significant region in the global market for vehicle first aid kits. The area is distinguished by a developed market with firmly established customer preferences and infrastructure. The revised standard for motor vehicle first aid kits, BS 85599-2, was introduced by the British Standards Institution (BSI) to close this gap in vehicle safety. According to the law, a first aid package for a car or other vehicle is essential in case of an accident or other medical emergency. Products like splints and pressure bandages can stop injuries from getting worse or even from killing people.
Major players such as ANSI, Schiel Safety, Fieldtex, BearPaw, Davemed Healthcare, Global Industrial, Large Motokit, MFAS Safety Equipment, Radnor, SURVIVAL, TOJAK, etc. For instance, 3M offers a variety of first aid products, including those tailored for automotive use. A manufacturer specializing in outdoor and travel healthcare products, Lifesystems often provides compact first aid kits tailored for vehicle use during outdoor adventures. For instance, the International Federation of Red Cross and Red Crescent Societies (IFRC) started a monumental event that has since become a global observance, the World First Aid Day in the year 2000. It serves as the significance of first aid, the necessity of acquiring first aid skills, and the importance of having a well-equipped first aid kit.
In June 2022, the Indian government provided first-aid kits to civic parks, and gardens as part of a new initiative under its Community Social Responsibility (CSR).
GLOBAL VEHICLE FIRST AID KITS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
ANSI
Australian Workplace Supplies,
BearPaw
Davemed Healthcare
Fieldtex
Large Motokit
MFAS Safety Equipment
PRECISION PRODUCTS GROUP Inc
Radnor
Schiel Safety
Stealthgi
SURVIVAL
Trafalgar
Others