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Safety Apparel Market (Type - Light Type Safety Apparel, and Heavy Type Safety Apparel; End-users - Pharmaceuticals, Food and Beverages, Oil and Gas, Defense & Public Safety Services, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : May, 2020

  • Rep Id : CGP0173

  • Category : Consumer Goods and Packaging

  • Status : Published

A recent report published by Infinium Global Research on safety apparel market provides an in-depth analysis of segments and sub-segments in the global as well as regional safety apparel market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional safety apparel market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global safety apparel market. According to the report, the global safety apparel market is projected to grow at a CAGR of 6.1% over the forecast period of 2020-2026.

 

Market Insight

Safety apparels are used to minimize exposure to chemical, radiological, physical, electrical, and mechanical hazards that can cause serious injuries and illnesses. These apparels can be chemical resistant, cold resistant, fire & heat resistant, ballistic & mechanical resistant, and UV resistant. They are used in industries such as pharmaceuticals, food and beverages, Oil & Gas, Manufacturing, and in Defence & Public Safety Services.

 

Rising safety-enabled productivity in industries is driving the demand for safety apparel in the manufacturing industry. Safety apparels help in improving the work conditions in industrial settings, principally mining. Furthermore, the rapid growth of industrialization in the BRIC nations coupled with the increasing regulation stringency regarding workplace safety is expected to escalate the growth of the safety apparel market. However, the high cost of safety apparel is expected to hamper the market growth. Moreover, the growing use of high-quality and customized personal protective equipment in manufacturing industries is further augmenting the demand for Safety apparel in the forecast period.  However, the current concern over the spread of coronavirus is creating a weak demand for safety apparels in the marketplace. As the spread of COVID-19 is accelerating, several countries have resorted to lockdown to control the spread of the disease. The pandemic has also caused around one-third of the population under lockdown, around 184 countries are affected by the COVID 19 outbreak and the key reason for the spread of the disease is interconnected global economy. However, as countries around the world eases the restrictions on lockdown and as the manufacturing industry revives, the safety apparels market will witness rapid development and stability over the coming years.

 

Geographically, North America held the largest share in the safety apparel market in 2019. The US is a key revenue generator in the North America safety apparel market due to factors such as increasing stringency in regulatory norms regarding workplace safety and a high rate of adoption of advanced safety devices will increase demand for the safety apparel market in this region. However, Asia Pacific will witness rapid growth in the market owing to rapid industrialization in the region coupled with increasing awareness of employee safety at the workplace. 

 

Segment Covered

The report on global safety apparel market covers segments such as type, and end-users. On the basis of type, the sub-markets include light type safety apparel, and heavy type safety apparel. On the basis of end-users, the sub-markets include pharmaceuticals, food and beverages, oil and gas, defense & public safety services, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as E. I. du Pont de Nemours and Company, LAKELAND INDUSTRIES, INC., 3M Company, BALLYCLARE LIMITED, TEIJIN LIMITED, W.L. GORE & ASSOCIATES, INC., WORKRITE UNIFORM COMPANY, INC., CETRIKO S.L., GLEN RAVEN INC., and KONINKLIJKE TEN CATE NV.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of safety apparel market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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