A recent report published by Infinium Global Research on the 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.
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.
The report on the 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.
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.
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 the 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.
Please Choose One of them.