Saudi Arabia Personal Protective Equipment Market to attain US$444.2 Mn by 2021 end, Multi-Purpose Equipment to gather Steam
The Saudi Arabia personal protective equipment market features a fairly consolidated landscape as the majority of overall shares are held by mere three companies. Transparency Market Research (TMR) observes that these players are constantly engaged in developing new products to meet the current diversity of demand, which helps them retain their stronghold in the Saudi Arabia personal protective equipment market. Several players have also risen in prominence by focusing on mergers and acquisitions. Numerous companies in the Saudi Arabia personal protective equipment market are also spending sizeable sums of investments on research and development activities, with an aim to garner a competitive edge over others.
Some of the prominent players operating in the Saudi Arabia personal protective equipment market are Ansell Ltd., Mine Safety Appliances, Honeywell International, Avon Rubber Plc., and 3M Corporation.
The Saudi Arabia personal protective equipment market was worth US$318.7 mn in 2016. The regional market is forecast to rise at a CAGR of 7.0% during 2015–2021 and attain valuation worth of US$444.2 mn by 2021 end.
Among the various application types, the oil and gas industry has been consistently contributing major shares to the Saudi Arabia personal protective equipment market. Strict regulations pertaining to the safety of workers will keep the demand for personal protective equipment buoyant in the oil and gas industry in the next few years as well. The segment is projected to contribute US$175.0 mn by 2021 end.
Among the various regions, the Eastern Province is expected to serve a considerable demand for personal protective equipment in Saudi Arabia. Growing number of boroughs and the strides made by oil and gas production activities in the province are generating revenues.
Rising Awareness about Workplace Hazards in Numerous Industries catalyze Uptake
Growing awareness about workplace safety, especially in pharmaceutical and oil and gas industries, is a key underpinning to the evolution of the Saudi Arabia personal protective equipment market. The awareness stems from the growing risks of workplace hazards, despite engineering controls and safety systems in place in these industries. Rising concerns of health and safety risks of workers have been propelling the demand for personal protective equipment in Saudi Arabia.
Over the past few years, Saudi Arabia has seen several personal protective equipment programs by employers for promoting proper use and maintenance of these among their workers. In addition, the regional market is also witnessing attractive dynamics from a growing number of businesses adhering the Occupational Safety and Health Administration (OSHA) guidelines. Focus toward stringent implementation of these guidelines in all hazard-prone work is boosting the Saudi Arabia personal protective equipment market.
Oil & Gas and Pharmaceutical open New Avenues
However, the high cost of personal protective equipment is likely to dampen the demand in Saudi Arabia. The high costs of specialized industrial fabrics is a case in point. Another trend that is significantly hampering the prospects are the increasing trend of automation in industries.
Nevertheless, multi-purpose equipment are rising in demand and this is expected to a solid boost to the Saudi Arabia personal protective equipment market. Constant development of improved products to meet the emerging demand in Saudi Arabia will create several lucrative avenues over the forecast period.
Growing use of heavy duty equipment and advanced machineries in various industrial applications, notably the chemical industry, is fueling the demand for personal protective equipment in Saudi Arabia. Moreover, the pharmaceutical industry is expected to contribute substantial shares to the Saudi Arabia personal protective equipment market, attributed to the rising demand for hand protective gear and respiratory protective gear.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Personal Protective Equipment Market (Types- Eye and Face Protection, Head Protection, Hearing Protection, Protective Clothing, Respiratory Protection (Disposable Respirators, Re-Usable Respirators), Fall Protection, Professional Footwear, and Hand Protection); Application (Construction, Manufacturing, Oil and Gas, Chemicals, Food, Pharmaceuticals, Transportation, and Healthcare) - Saudi Arabia Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021.”
The Saudi Arabia personal protective equipment market is segmented based on:
- Eye and Face Protection
- Head Protection
- Hearing Protection
- Protective Clothing
- Respiratory Protection
- Disposable Respirator
- Re-Usable Respirator
- Fall Protection
- Professional Footwear
- Hand Protection
- Oil and Gas
- Eastern Province
- Central Province
- Western Province
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
7 of 10 large enterprizes view our ToC to take the right decision.View Report ToC