On the back of surging infrastructure development and oil & gas exploration projects, the global personal protective equipment market is expected to grow two-fold during the forecast period (2019-2029). Increasingly stringent labor safety laws across the globe are giving an uptick to the demand for personal protection equipment while working in high-hazard industries. Advancements in material science and manufacturing technologies are further set to enhance the adoption of cost efficient protective gear. Rapid urbanization in developing economies generates multiplying demand in construction applications of the product. Personal protective equipment will witness a surging demand owing to these factors in the coming years.
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Key Takeaways of Personal Protective Equipment Market Study
“Developing economies such as India, China, and Indonesia will offer remunerative growth opportunities on the back of booming construction undertakings. Manufacturers must invest in modern manufacturing technologies to increase production levels and reduce product costs to target these markets. Further, penetration of untapped market must be coupled with an equal penetration in labor safety awareness levels across industries.” -Says Fact.MR Analyst
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Preemptive Safety Measures to Act as Growth Anchor
Predictive safety analysis offers manufacturers the opportunity to create demand in new end-uses. Market players are leveraging industry 4.0 technologies in manufacturing processes to develop precision safety gear. With advancements in manufacturing, construction, and mining technologies, personal protective equipment must invest in innovating product offerings across industries.
Emphasis must be laid on enhanced product performance to differentiate product offerings. Development of personal protective equipment that can withstand extreme situations will reflect well on manufacturer’s goodwill in the market. Sharp focus on economic developments in Asia Pacific will help organizations predict demand trajectories and effectively target upcoming opportunities.
Get Valuable Insights on the Personal Protective Equipment Market
Fact.MR, in its new offering, presents an unbiased analysis of the personal protective equipment market, presenting historical demand data (2013-2018) and forecast statistics for the period of 2019-2029. The study divulges essential insights on the personal protective equipment market on the basis of product type (hands & arms, body, foot & leg, hearing, eye & face, head, and others), end use industry (construction, manufacturing, oil & gas, chemicals, food, pharmaceuticals, transportation, maritime, fire and rescue, defense, mining, and agriculture), and across six major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).
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