Global Market Study on Industrial Gloves: North America Anticipated to Dominate the Global Market During the Forecast Period 2017 - 2025
New York, NY -- (SBWIRE) -- 03/16/2018 -- Persistence Market Research in its new report projects that in 2017, around 113,272 Mn pairs of industrial gloves will be sold worldwide. As per the estimate, hand injuries are among the leading work accidents, hence regulatory bodies are trying to enforce strict worker safety regulations making industrial gloves a compulsory safety gear. According to the report, the global industrial gloves market is set to increase at a CAGR of 9.2% over the forecast period (2017-2025) to reach a valuation of US$ 12,294.3 Mn by 2025-end. Demand for protective and safety products (especially fire and cut resistant industrial gloves) is expected to increase due to the changing nature and type of industrial hazards resulting from the increased use of new materials, paints, and interior designs.
This will push manufacturers of industrial glove to introduce more durable products that can ensure greater safety from modern industrial workplace atrocities. For manufacturers, potential market opportunities lie in the development of modified protective industrial gloves that ensure protection to workers and operators against threats.
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North America has some powerful developed economies. The vast presence of all manufacturing and service industries, coupled with firm government rules and regulations on industrial safety is anticipated to remain a prominent driving factor for the growth in sales of industrial gloves in the North America market. Rising demand for superior performance and comfort is expected to play a pivotal role in this region. Consumers in North America are particular on the use of safety standards and follow them firmly in any working environment at all the end-use industries.
Every firm has a quality department to check the quality of industrial gloves to ensure that the procured gloves are up to the mark in real-time operations. Moreover, workers also make sure that they use safety industrial gloves in all work related operations and demand better performance and comfort. These gloves are cut resistant, have a long working life and offer a firm grip. These are some of the features that are surging the demand for industrial safety gloves in the North America market.
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The strict regulations and rules imposed by the government and the other regulating bodies on the manufacturers in the developed regions such as North America, Europe and Japan continues to make them lucrative markets for industrial gloves. Particularly, the market in North America is projected to register the fastest CAGR during the forecast period. Meanwhile, a notable increase in sales of industrial gloves has been observed in BRICS nations (Brazil, Russia, India, China and South Africa). Market players are trying to improve product quality by implementing innovative technologies as well as by using tougher and long lasting raw materials and offer additional features in their products at a competitive price point.
Ansell Limited, Dipped Products Plc, Hartalega Holdings Berhad, Kossan Rubber Industries Bhd., Top Glove Corporation Bhd, Rubberex Corporation (M) Bhd., Globus (Shetland) Ltd., Johnson Wilshire Inc., Protective Industrial Products, Inc (PIP), Smart Glove Corporation Sdn. Bhd., Southern Glove, Inc., 3M Company, Uvex Winter Holding GmbH & Co. KG, SEMPERIT AG HOLDING, Riverstone Holdings Limited., Supermax Corp. Bhd, Honeywell International, Inc., Magid Glove & Safety Manufacturing Company LLC., Lakeland Industries, Inc. and Shun Thai Rubber Gloves Industry Public Company Limited are some of the leading companies operating in the global industrial gloves market.
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