PUBLISHER: DataM Intelligence | PRODUCT CODE: 1542944
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1542944
Report Overview
Global Personal Protective Equipment Market reached US$ 80.5 billion in 2023 and is expected to reach US$ 135.1 billion by 2031, growing at a CAGR of 5.8% during the forecast period 2024-2031
The Personal Protective Equipment (PPE) market is a crucial sector for safeguarding individuals from workplace hazards, including helmets, gloves, goggles, and respiratory devices. The demand for PPE has grown globally due to strict regulations and increased worker safety, especially in sectors like manufacturing, construction, healthcare, and mining. Advancements in technology and increased awareness of occupational health risks have further fueled the market's expansion, ensuring the safety and health of individuals.
Market Dynamics: Drivers & Restraints
Technological advancements in PPE
The integration of smart sensors and the Internet of Things (IoT) has revolutionized the field of Personal Protective Equipment (PPE). These technologies enable PPE devices to monitor workers' vitals in real time, providing critical data on their well-being. These devices can track factors like heart rate, body temperature, and fatigue levels, alerting both the wearer and supervisors to potential health risks. For instance, a smart hard hat equipped with sensors can alert a construction worker when their body temperature reaches a critical level, preventing heat-related illnesses. This real-time monitoring enhances safety and allows for proactive measures to prevent accidents and health issues.
Stringent regulatory requirements
The market expansion of the industrial safety footwear segment may be hindered by insufficient consumer knowledge about workplace dangers, the availability of subpar, cheap products, and the risk of counterfeit or low-quality alternatives, despite stringent regulatory quality assessments.
Market Segment Analysis
The global personal protective equipment market is segmented based on product type, material type, end-user, and region.
The head protection from the product type segment accounted for approximately 33.9% of the personal protective equipment market share
The head protection from the product type segment accounted for approximately 33.9%. The hand protection segment is expected to dominate the market, driven by increased worker safety awareness in mining, construction, equipment manufacturing, and chemical industries.
The demand for industrial safety gloves is expected to increase due to workplace activities involving sharp-edge materials like metal, abrasion, and glass. Safety gloves are crucial in protecting workers from chemical burns and metal cuts. Manufacturers are also forming strategies, including acquisitions, to expand their product portfolio and boost business.
For instance, in July 2024, MSA Safety, Inc., the global leader in the development of safety solutions that help to protect people and facility infrastructures, announced its latest innovation in head protection, the V-Gard H2 Safety Helmet. As the newest head protection solution available within MSA Safety's iconic V-Gard head protection line, the V-Gard H2 Helmet brings together features of the world's most popular and most recognized industrial helmet system with new features, including the Mips brain protection system for industrial safety helmets.
Market Geographical Share
North America is estimated to hold about 38.4% of the total market share throughout the forecast period
North America is estimated to hold about 38.4% of the total market share throughout the forecast period due to increased awareness among manufacturers and workers about occupational safety measures, as well as rising fatal incidents and accidents, which are expected to drive product demand in this region.
For instance, in July 2023, the U.S. Department of Labor announced a proposed rulemaking to clarify the personal protective equipment (PPE) standard for the construction industry. The current standard does not clearly state that PPE must fit each affected employee, unlike the Occupational Safety and Health Administration's general industry and maritime standards. The proposed change aims to address safety and health concerns in the construction industry, particularly for women
Market Competitive Landscape
The major global players in the market include Alpha Pro Tech, Ltd, Uvex Safety, Radians, Inc., 3M Company, MSA Safety Inc., Ansell Limited, Kimberly-Clark Corporation, Honeywell International Inc., Carl Zeiss AG, DuPont, Lakeland Industries, Inc among others.
The global personal protective equipment market report would provide approximately 64 tables, 61 figures, and 186 pages.
Target Audience 2024