July 09, 2021
According to the recent research report titled ‘Global Safety and Protective Equipment Market - Analysis By Product Type, By End User, By Region, By Country (2020 Edition): Market Insights and Outlook Post Covid-19 Pandemic (2020-2025)’, available with Market Study Report, global safety and protective equipment market was remunerated USD 50.05 billion in 2019 and is expected to grow considerably over 2020-2025.
Favorable government initiatives to guarantee worker safety, and surging demand due to COVID-19 pandemic are the key factors propelling global safety and protective equipment market growth. Besides, growing awareness of safety equipment and preference for multipurpose equipment are enhancing the overall market outlook.
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The research literature thoroughly investigates all the crucial aspects of this marketplace, highlighting the key trends, growth drivers, and expansion opportunities. It also suggests best practices and plan of action to survive any market turbulence as well as to generate modest revenues in the coming years.
Based on product type, worldwide safety and protective equipment industry is split into respiratory protection, protective clothing, hand protection, head, eye, & face protection, and others. Of these, hand protection segment has gained popularity worldwide and is projected to witness momentum in the coming years, owing to its significance in ensuring worker safety.
Coming to end user scope, the market segmentation comprises manufacturing & construction industry, healthcare & pharmaceuticals, chemicals, oil & gas, and others. Among these, manufacturing & construction segment held major portion of overall market share and is expected to generate modest revenues through 2025, creditable to rising manufacturing activities as well as numerous construction projects.
Elaborating on regional terrain, the key contributors to global safety and protective equipment market remuneration are Asia Pacific (India, South Korea, Japan, China), Europe (Germany, the United Kingdom, France), and Americas (the United States, Canada, Brazil).
The report states that Americas market is anticipated to lead the growth graph during the analysis period, largely attributable to rising cognizance of worker safety and strict government norms regarding the same in the region.
Well-known firms operating in this marketplace are Mallcom (India) Ltd., Gateway Safety Inc., Lakeland Industries Inc., Kimberly-Clark Corporation, Alpha Pro Tech Ltd., DuPont de Nemours Inc., Ansell Ltd., Honeywell International Inc., MSA Safety Inc., and 3M Company.