PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1508763
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1508763
The global industrial hand protection gloves market is estimated to be valued at US$ 11.87 Bn in 2024 and is expected to reach US$ 29.22 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 13.7% from 2024 to 2031.
The global industrial hand protection gloves market has been growing steadily over the past couple of decades. Industrial hand protection gloves are personal protective equipment that help shield hands from risks such as cuts, burns, chemicals, vibrations, and other hazards. They play a critical role in ensuring worker safety in various industries such as automotive, chemical, healthcare, construction, manufacturing, and others where hands are exposed to potential injuries. Growth in workforce, safety regulations, and hazardous work environments have been driving greater demand for reliable hand protection solutions. With industrialization continuing to rise across emerging nations, consumption and innovation within the industrial hand protection gloves segment is likely to observe promising outlook over the coming years.
The global industrial hand protection gloves market is witnessing a phase of healthy growth supported by a few key drivers. Rapid industrialization and infrastructure development activities in various developing markets have significantly expanded the workforce engaged in hazardous industrial activities. This has compelled regulatory authorities worldwide to mandate strict occupational safety compliances, driving the adoption of personal protective equipment such as industrial gloves. Similarly, growing awareness about work-related injuries and lost-workdays is encouraging employers to invest in employee safety via suitable hand protection. Furthermore, advancement in raw materials, designs and manufacturing technologies have widened scope of applications by addressing challenges specific to complex industrial environments. Recent years have seen considerable demand from the expanding e-commerce, healthcare, food processing, and electrical sectors as well. However, fluctuations in raw material prices remain a key challenge for sustainable profits. Moreover, proliferation of low-quality counterfeits poses a significant threat to established brands. Ongoing R&D presents opportunities to develop advanced gloves catering to Industry 4.0 needs.
This report provides in-depth analysis of the global industrial hand protection gloves market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global Industrial Hand Protection Gloves market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include 3M Company, Ansell Limited, Bunzl Plc, Delta Plus Group, Honeywell International Inc., Kimberly-Clark Corporation, Kossan, Semperit Group, Supermax Corporation, Top Glove, Showa Glove Co., The Glove Company, Uvex Group, Radiants, and Partron Co. Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global Industrial Hand Protection Gloves market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global industrial hand protection gloves market