Personal Protective Equipment: Global Markets

• The global market for personal protective equipment (PPE) will grow from $45.1 billion in 2017 to around $62.0 billion by 2022 with a compound annual growth rate (CAGR) of 6.5% for the period of 2017-2022.
• Manufacturing as a segment will grow from nearly $8.9 billion in 2017 to around $12.1 billion by 2022 with a CAGR of 6.4% for the period of 2017-2022.
• Construction as a segment will grow from nearly $6.7 billion in 2017 to $9.0 billion by 2022 with a CAGR of 6.3% for the period of 2017-2022.

Chapter 1: Introduction

Study Goals and Objectives
This report is an impact analysis of the personal protective equipment market. The information in this report includes factors currently driving and restraining the growth of the market, as well as factors affecting the future of the industry.

The goals and objectives of this report include the following:
• To define, identify and analyze major market segments and their respective structure in the overall personal protective equipment market.
• To identify key market dynamics, trends, opportunities and factors influencing the global personal protective equipment market and its subsegments.
• To forecast the size of the overall personal protective equipment market and an analysis based on equipment, industry and geographical region.
• Identify major stakeholders and analyze the competitive landscape on the basis of recent developments.
• To identify the trends, gaps and opportunities in each of the micro markets.
• To understand the effect of environmental concerns on this market.
• To analyze and achieve an understanding of the need for technologically advanced surveying systems.

Reasons for Doing This Study
The personal protective equipment market includes various kinds of instruments used for workplace safety. There are various types of personal protective equipment used now, including head, eye and face protection, hearing protection, protective clothing, respiratory protection, professional footwear, fall protection, hand protection and others. The others segment includes neck protection, protection against prolonged immersion in water and other equipment used during emergencies.

Protective equipment finds applications across various industries such as construction, manufacturing, chemicals and mining. Increasing numbers of workplace accidents, along with stringent rules and regulations in regions such as North America, Europe and other developing countries, are the major factors fueling demand growth for personal protective equipment. Another growth factor is the increasing awareness of workplace safety globally.

Growing awareness about workplace safety and stringent government regulations are the major factors driving the personal protective equipment market. Professional footwear and hand protection equipment, among others, protect employees and workers from injuries when working in adverse environments, including oil and gas fields, food processing, transportation, factories, mines, chemical and pharmaceutical industries.

In the U.S., government regulations and increasing initiatives by the Occupational Safety and Health Administration (OSHA) and Department of Labor aim to improve safety infrastructure globally. However, increasing adoption of automation processes in numerous industries is a major obstacle to further expansion of personal protective equipment.
North America is the top consumer and producer of personal protective equipment and services.

The U.S. has been one of the pioneers in this field and efforts are being made to improve the durability and quality of the equipment. There is intense competition among personal protective equipment manufacturers in this region.

However, developing countries in Asia-Pacific, such as China, India, Japan and Australia, hold huge potential for the market. The increasing number of industries in growing economies globally is expected to boost market demand for protective equipment. This BCC Research report will provide details on personal protective equipment, including forecast trends and sales through 2022. Important elements of the personal protective equipment market such as equipment, industry, region, major manufacturers and factors influencing demand are discussed.

Scope of Report
This report represents an in-depth analysis of the global personal protective equipment (PPE) market by equipment, industry and region. Estimated values used are based on manufacturers’ total revenues. Projected and forecasted revenue values are in constant U.S. dollars, unadjusted for inflation. The report discusses the differentiation between PPE to derive specific market estimates, as well as analyses the various types of equipment and the important advances in the field.

The report also discusses strategies adopted by major players in the global personal protective equipment market. Patent analysis included in this report provides a snapshot of technological trends in the global market over time as well as geographically— namely for the U.S., Europe and Japan. The global personal protective equipment market is segmented by application type: head, eye and face, hearing, clothing, respiratory, professional footwear, fall protection, hand and others.

Information Sources

The various sources used to recognize and collect useful information required for extensive commercial and technical study of the personal protective equipment market are mentioned below:
Primary sources.
• Selected experts from related industries.
• Preferred suppliers Secondary sources.
• E-magazines.
• Directories.
• Research papers.
• White papers.
• Databases, such as OneSource, Factiva, Bloomberg, SEC filings, Reuters.
• Stock exchanges, such as TMX, Nasdaq, ASX and LSE.

Methodology
This research report contains rigorous primary and secondary research in order to provide a full outlook of the market. Key data for estimating market, such as top-down and bottom-up models, were developed to determine value wise trends and estimate the global personal protective equipment market. Key players in the personal protective equipment market were identified through review of secondary sources, such as industry whitepapers, annual reports, published reports by credible agencies, financial reports and published interviews of key opinion leaders (KOLs) from leading companies.

During the primary interviews, KOLs also suggested some other personal protective equipment manufacturers that were not included under the initial scope of the study. We have further refined the company profile section with the addition of these suggested producers. KOLs typically include chief executive officers, general managers, vice presidents, sales directors, market executives, R&D directors, product managers, procurement managers, export managers, etc. During the research process, all the major stakeholders across the value chain were contacted for the primary interview process.

In the first phase of the study, revenue for the personal protective equipment market was determined through reviewing annual sales reports, analyzing related industry reports, tracking global import and export trends and monitoring financial parameters related to the market. In the second phase of the study, we conducted primary interviews with KOLs from leading players in the market to verify our initial estimates gathered through secondary sources. Based on primary interviews, some of the initial findings were retained while other initial findings were refined.

For some segments of the PPE market, there were no secondary hard data available. In those cases, price trends, inflation rate, industrial production indexes, Purchasing Managers’ Index (PMI) were used to estimate data for these market segments. During primary interview, these estimates were verified by KOLs.

Intended Audience
• Producers.
• Environment protection agencies.
• End users (construction, manufacturing, oil and gas, food, health care and others).
• Suppliers.
• Raw material providers.
• Investors (private equity, venture capital, etc.).

Geographic Breakdown

The geographical regions considered for market analysis in this report include, and only include:
• North America.
• Europe.
• Asia-Pacific.
• Latin America.
• Middle East and Africa.

Global Market for Personal Protective Equipment, By Region
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa

Global Market for Personal Protective Equipment, by Type
Head, Eye and Face Protection
Hearing Protection
Protective Clothing
Respiratory Protection
Professional Footwear
Fall Protection
Hand Protection
Others