Transparency Market Research Report Added "Personal Protective Equipment Market - Global Industry Analysis, Trend, Size, Share and Forecast 2014 - 2020" to its database.
Albany, NY -- (SBWIRE) -- 10/13/2015 -- According to a report published by Transparency Market Research, the global personal protective market, as against its value of US$33,952.5 million in 2013, is anticipated to reach US$55,509.1 million by 2020. If the estimates hold true, the market is poised to exhibit a positive 7.3% CAGR between 2014 and 2020. The report is titled "Personal Protective Equipment Market - Global Industry Analysis, Trend, Size, Share and Forecast 2014 - 2020" and is available on the company website for sale. Personal protective equipment includes head, eye and face protection, hearing protection, protective clothing, respiratory protection, professional footwear, fall protection, hand protection and others. Apart from this, personal protective equipment also finds application across various industries including construction, manufacturing, oil and gas, chemicals, food, pharmaceuticals, transportation and others. The others segment include government usage, unorganized sector, small-scale manufacturing utilities and service stations among others.
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Increasing awareness about workplace safety and increasing government regulations are the major factors fuelling the demand for personal protective equipment globally. However, the personal protective equipment are monitored by international safety standards. The personal protective equipment comes with safety symbols. These safety symbols indicate the safety levels of the equipment.
Health legislations and occupational safety mandates in many countries are the major factors driving the demand for personal protective equipment. Worker safety issues are being addressed and industrialists are focused on improving the safety standards owing to which there is an increase in the demand for personal protective equipment globally.
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This report has been segmented by application, by type and by country. The study highlights current market trends and provides the forecast from 2014 to 2020. We have also covered the current market scenario for personal protective equipment and highlighted future trends that will have an impact on demand. By geography, the market has been segmented into North America, Europe, Middle East, South America, Asia Pacific and Africa. The present market size and forecast until 2020 has been provided in the report. The report also analyzes macro economic factors influencing and inhibiting growth of the personal protective equipment market.
Rapid industrialization and increasing foreign investments are some of the major factors fuelling the demand for personal protective equipment. Apart from this, upcoming government regulations regulating workplace environment is also boosting the demand for personal protective equipment in the developing countries of Asia Pacific and South America.
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Professional footwear is the largest segment for personal protective equipment. The increasing demand for protective footwear in the construction, manufacturing and oil and gas segment is one of the major factors fuelling the demand for professional footwear. Manufacturing is the largest application segment for personal protective equipment globally. Increasing demand for personal protective equipment in the developing countries of Asia Pacific is fuelling the growth in this region. However, Africa is also having huge potential for personal protective equipment with South Africa being one of the major markets in this region.
However, the application of personal protective equipment in government usage, unorganized sector, small scale manufacturing utilities and agriculture is also boosting the demand for personal protective equipment. The upcoming government regulations monitoring the work environment is fuelling the demand for personal protective equipment in others segment. Apart from this, the exponential growth in the logistics sector is fuelling the demand for personal protective equipment in the transportation segment.
Fall Protection Equipment Market - in Rescue
Personal Protective Equipment Market -
Resource Circulation Equipment Market -
Industrial Protective Footwear Market -
The business utilities in order to sell their products in the local markets of Asia Pacific and Middle East have to overcome the tariff and non-tariff barriers. The MFN (Most Favored Nation) rates, customs and sales tax are some of the tariff barriers which affect the price of the products. Apart from this, there are non-tariff barriers such as government regulations and standards which are to be followed by the business utilities.
This report provides strategic analysis of the global personal protective equipment market, and the market growth forecast for the period 2014 to 2020. The report includes competitive analysis of various market segments based on the type, applications and in-depth cross sectional analysis of the personal protective equipment market across different geographic segments. To support strategic decision making, the report also includes profiling of leading players in the industry, their market share and various strategies adopted by them. The Porter's Five Forces analysis and market attractiveness analysis included in the report provide insight into market dynamics and industry competition.
The report also provides review of various factors affecting the market growth, which are appropriately described as market drivers, restraints, and opportunities. These factors establish various current trends and their impact on market size. Overall, the report takes into account a complete analysis of the global personal protective equipment market, and provides an estimated growth for the period 2014 to 2020, taking into account the various factors affecting the market.
The report segments the industrial protective footwear market as:
Personal Protective Equipment Market, by Application
Oil and Gas
Personal Protective Equipment Market, by Type
Head, eye and face protection
Personal Protective Equipment Market, by Geography:
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