Global Body Protection Equipment Market: Snapshot
Body protection equipment includes different types of protective clothing, helmets, goggles, etc., in order to provide protection against various injuries, accidents, and infections to the workers. Various safety rules and regulations in different industries are expected to drive the demand for body protection equipment. Regulatory bodies such as OSHA, NFPA, and NIOSH have also made it mandatory to focus on safety and security of workers. Hence, increasing number of sectors such as manufacturing, oil & gas, pharmaceuticals, transportation, etc., are providing various protective equipment to workers. Companies are also demanding high-quality protective equipment that can last for a long time even after multiple uses. Protective wear for protection against radiation is also gaining popularity.
Moreover, with the technological advancements, the process of development and material used in developing protective equipment has also changed. Manufacturers are using new and lightweight materials, and integration of sensors is also gaining momentum to offer high-level of safety and protection. The need for protective equipment to provide protection against flash fire at the workplace has also increased for both electric and gas operations.
As per the latest report by Transparency Market Research (TMR), the global market for body protection equipment is likely to witness strong growth, registering 6.6% CAGR during 2017-2022. The market is also estimated to bring in US$ 2,901.4 million revenue by 2022 end.
Laboratory Coats to Emerge as the Top-Selling Product
Compared to the various products in the body protection equipment, laboratory coats are likely to be one of the top-selling products. By 2022 end, laboratory coats are projected to surpass US$ 900 million revenue. Meanwhile, coveralls are also anticipated to witness healthy growth during 2017-2022. Increasing risk of working with hazardous chemicals is driving the demand for laboratory coats.
Manufacturing Sector to Witness Strong Growth in the Global Market for Body Protection Equipment
The manufacturing sector is likely to witness impressive growth in the global market for body protection equipment during 2017-2022. Towards the end of 2022, the manufacturing sector is projected to reach nearly US$ 700 million revenue. Meanwhile, the construction sector is also likely to witness significant growth in the global market for body protection equipment market.
North America to Dominate the Global Market for Body Protection Equipment between 2017 and 2022
Region-wise, North America is likely to emerge as the largest region in the global market for body protection equipment. Rising concern towards workplace fatalities and associated risks are driving the market growth in the region. Moreover, the presence of tech companies is leading towards innovation in body protection equipment. Competitive pricing and product differentiation are also the factors driving body protection equipment market in North America. Increasing prevalence of various diseases is also leading to the research on developing new body protection equipment for medical personnel in North America. Europe and Asia Pacific Excluding Japan (APEJ) are also likely to have a significant growth due to rapid industrialization, growing number of new projects in oil and gas and construction sectors.
The report offers a detailed profile on various major market players in the global market for body protection equipment. These players are 3M Company, Honeywell International Inc., E. I. du Pont de Nemours and Co, Cooper Tire & Rubber Co., Kimberly-Clark Corporation, Cintas Corporation, Ansell Limited, Lakeland Industries, Inc., Radians, Inc., and Alpha Pro Tech, Ltd. These players are focusing on entering into a partnership and mergers and acquisitions to develop advanced protective equipment and to expand geographically.
Global Body Protection Equipment Market: Overview
Companies are considering workers safety as the top-most priority and have also laid various guidelines to minimize workplace injuries and accidents. This is driving the demand for body protection equipment in various industries. Stringent regulations by the government in various countries are also resulting in increasing use of body protection equipment. Manufacturers are also focusing on developing fire-resistant, chemical-resistant jackets and clothes to provide protection. Research is also being conducted by companies on the using raw materials to develop advanced full body protection equipment.
The demand for customized body protection equipment is also increasing built for specific use. Various factors such as advancement in wearable and smart body protection equipment and material innovation are resulting in the development of new and advanced body protection equipment.
Global Body Protection Equipment Market: Research Methodology
The global body protection equipment market report includes an executive summary, with a market snapshot that offers information on various segments of the market. The report offers in-depth analysis and forecast on various segments such as product type, application, and region. The report also talks about the major events that took place in the past and the events that are about to take place in the future. It also provides detailed information on the impact of these events on market dynamics such as trends, drivers, opportunity and factors hampering the growth of the market.
The report also covers Porter’s five force analysis, SWOT analysis and analysis on market attractiveness. Key industry developments and key strategies adopted by various market players have also been provided in the report. Market share analysis in terms of geography and market players is also provided in the report. Based on primary and secondary research the report also offers expected revenue on basis of US$ Mn, and CAGR in percentage form of the global body protection equipment market for forecast period 2017-2022. Additionally, the report also provides market opportunity analysis for various segments, along with the information on the most profitable segment.
Global Body Protection Equipment Market: Market Segmentation
Considering the wide scope of the global body protection equipment market, the report offers in-depth and segment-wise analysis and forecast. The global body protection equipment market is segmented on the basis of product type and application. On the basis of product type, the segment includes laboratory coats, coveralls, full body suits, surgical gowns, vests & jackets, and aprons. On the basis of application, the segment includes manufacturing, construction, oil & gas, transportation, pharmaceuticals, chemicals, foods, mining, and others.
Geographically, the global body protection equipment market is segmented into North America, Europe, Latin America, Japan, Asia Pacific Excluding Japan (APEJ), and the Middle East and Africa (MEA). The revenue size and forecast for each segment and region has been provided in the report for the period 2017-2022. The forecast for each segment including region is provided considering all the key parameters of the global body protection equipment market.
Global Body Protection Equipment Market: Competitive Landscape
The section on competitive landscape in the report provides information on various leading market players such as 3M Company, E. I. du Pont de Nemours and Co, Honeywell International Inc., Kimberly-Clark Corporation, Ansell Limited, Cooper Tire & Rubber Co., Lakeland Industries, Inc., Alpha Pro Tech, Ltd., Cintas Corporation, and Radians, Inc. The report offers information about these leading market players on the basis of key parameters such as financial overview, business strategies, company overview, product portfolio, key strategies, and latest developments.