PUBLISHER: The Business Research Company | PRODUCT CODE: 1619540
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619540
Cut-resistant gloves are specialized handwear designed to protect against cuts, abrasions, and punctures using advanced materials. They serve as a protective barrier against sharp objects, aiming to reduce the risk of hand injuries and enhance safety in various industrial and manual tasks.
The main types of cut-resistant gloves are reusable and disposable. Reusable cut-resistant gloves are crafted from durable materials, providing long-lasting protection and maintaining their effectiveness after multiple uses and washes. These gloves are made from various materials such as latex, nitrile, neoprene, leather, vinyl, polyethylene, and others. They are utilized across several industries, including automotive, chemical, machinery and equipment, metal fabrication, oil and gas, mining, and more.
The cut resistant gloves market research report is one of a series of new reports from The Business Research Company that provides cut resistant gloves market statistics, including the cut resistant gloves industry global market size, regional shares, competitors with the cut resistant gloves market share, detailed cut resistant gloves market segments, market trends, and opportunities, and any further data you may need to thrive in the cut resistant gloves industry. These cut resistant gloves market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The cut-resistant gloves market size has grown strongly in recent years. It will grow from $1.43 billion in 2023 to $1.53 billion in 2024 at a compound annual growth rate (CAGR) of 7%. The growth during the historic period can be attributed to increased industrialization, a heightened focus on worker safety, growing economic investment in infrastructure, rising demand for protective equipment, and greater awareness of risk.
The cut-resistant glove market size is expected to see strong growth in the next few years. It will grow to $2.02 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The projected growth for the forecast period can be attributed to the expansion of the manufacturing sector, increasing urbanization, rising government initiatives, growing construction activities, and enhanced health and safety training. Key trends expected during this period include a rising demand for high-performance materials, advancements in glove technology and design, the development of sustainable and eco-friendly glove options, growing adoption of smart technology and embedded sensors, and an increase in the use of advanced materials.
The growth of the cut-resistant gloves market is anticipated to be driven by the expanding manufacturing sector. Manufacturing involves producing goods from raw materials using machinery, labor, and technology. Advances in automation and artificial intelligence (AI) enhance manufacturing efficiency, reduce costs, and improve product quality. Cut-resistant gloves are essential for protecting workers from sharp object injuries in manufacturing settings. They contribute to a safer work environment, reduce downtime, and improve productivity while helping companies adhere to safety regulations and minimize legal risks. For example, the Office for National Statistics reported in July 2024 that the total value of product sales by UK manufacturers reached £429.8 billion ($469.34 billion) in 2022, up by £28.4 billion ($31.01 billion) from £401.5 billion ($438.43 billion) in 2021, reflecting a 7% increase. As a result, the growing manufacturing sector is boosting the demand for cut-resistant gloves.
Leading companies in the cut-resistant gloves market are focusing on developing advanced safety gloves that offer enhanced protection against cuts and abrasions, meeting the rigorous safety standards across various industries. For instance, in June 2023, Stalsen, a UK-based safety gloves manufacturer, introduced the Rayza RX562 and Rayza RX563 gloves. These gloves are the first in the UK to incorporate 21-gauge technology, making them over 16% thinner than the previous 18-gauge models and 40% thinner than standard 15-gauge gloves. This innovation provides a second-skin feel, enhancing dexterity and flexibility for precise tasks. Both models offer top-level cut protection rated at level F, combining safety with comfort. Additionally, the gloves are touchscreen compatible, allowing users to interact with smart devices without removing them, which is advantageous in various professional settings.
In February 2024, Tilsatec Limited, a UK-based company specializing in personal protective equipment, acquired Tilsatec North America LLC for an undisclosed amount. This acquisition aims to accelerate Tilsatec Limited's expansion and increase its market presence in the hand protection PPE industry. Tilsatec North America LLC is a US-based manufacturer of cut-resistant gloves.
Major companies operating in the cut resistant gloves market are Honeywell International Inc., 3M Company, Kimberly-Clark Worldwide Inc., W.W. Grainger Inc., Bunzl Processor Division, Midas Safety Inc., Ansell Limited, Magid Glove and Safety Manufacturing Company LLC, Delta Plus Group, Towa Corporation, Superior Glove Works Ltd., Wells Lamont Industrial LLC, Globus Group, Dexter Russell Inc., Forney Industries Inc., Mechanix Wear LLC, Bob Dale Gloves and Imports Limited, MCR Safety Inc., Stalsen, Stark Safe, UVEX WINTER HOLDING GmbH & Co. KG
North America was the largest region in the cut-resistant gloves market in 2023. The regions covered in the cut resistant gloves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the cut resistant gloves market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The cut-resistant gloves market consists of sales of palm padding, wrist straps, breathable mesh, reinforced fingertips. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Cut Resistant Gloves Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cut resistant gloves market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cut resistant gloves ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cut resistant gloves market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.