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Body Protection Equipment Market Report
Body Protection Equipment Market, By Product (Head, Eye & Face Protection, Hearing Protection, Protective Clothing [Heat & Flame Protection, Chemical Defending, Cleanroom Clothing, Mechanical Protective Clothing, Limited General Use, Others], Respiratory Protection [Air-purifying Respirators, Supplied Air Respirators], Protective Footwear [Leather, Rubber, PVC, Polyurethane, Others], Fall Protection, Hand Protection [Disposable Gloves, Durable Gloves], Others), By End-Use ...
Impact of COVID-19 on Body Protection Equipment Market
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Body Protection Equipment Market is projected to grow from USD 77.2 billion in 2020 to USD 119.2 billion by 2026 at a CAGR of over 7.7% during the forecast period.
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Body protection equipment is the apparel used by workers on the construction site to protect them from any uncertainty. It is given to the workers in the sectors where the operations to be undertaken are of heavy and critical nature. For instance, body protection equipment is employed in chemical, construction, healthcare, and oil & gas industries among others.
Key players operating in the body protection equipment market are-
Growing importance and awareness regarding both men's and women's safety is propelling the market growth rate. Also, the growth and expansion of construction industries are the root cause of the surge in demand for body protection equipment. Moreover, rapid infrastructural development and urbanization specifically in developing economies are further promulgating the demand for body protection equipment. Moreover, the recent coronavirus outbreak has also spurred the growth of the body protection equipment market.
By product, the body protection equipment market has been classified into head, eye & face protection, hearing protection, protective clothing, respiratory protection, protective footwear, fall protection, hand protection, and others. Under these, the hand protection segment accounted for a significant market share in 2020. This is mainly attributed to the presence of risks associated with handling warm objects, corrosive chemicals, and heavy-duty equipment are expected to propel the demand for protective gloves in the food processing, construction, healthcare, oil & gas, and metal fabrication industries, thus bolstering the segment growth.
By region, the market in North America accounted for a significant market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth is mainly ascribed to a strong presence of players who are constantly investing in improving technologies in the region. The segment growth is mainly driven by strong product adoption in the healthcare sector. Moreover, high product penetration in the U.S. is expected to be a stringent regulatory scenario along with hefty penalties for non-compliance with the standards that are forcing employers to adopt PPE, further proliferating regional growth.
The COVID-19 outbreak positively influenced the growth of the body protection equipment market. The companies operating in the textile sector across the Asian countries have changed their apparel manufacturing plants to PPE manufacturing post-outbreak of the COVID-19 to bridge the demand-supply gap. China is the largest exporter of PPE, such as goggles, masks, protective gowns, and gloves; however, its exports reduced by around 15% post the origination of the pandemic.
Here is the list of the group of customers that the body protection equipment market hopes to have the greatest opportunity to convert-
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The body protection equipment market is expected to witness an impressive growth of 7.7% CAGR in the coming years.
3M Company (US), Alpha Pro Tech Ltd. (Canada), Ansell Ltd. (Australia), Cintas Corporation (US), Cooper Tire & Rubber Company (US), DowDuPont, Inc. (US), Honeywell International, Inc. (US), Kimberly-Clark Corporation (US), Lakeland Industries, Inc. (US), and Radians, Inc. (US) are among the key players in the body protection equipment market.
The body protection equipment market size is expected to reach USD 119.2 billion in the foreseeable future.
The hand protection segment accounted for a significant share in the body protection equipment market in 2020.
North America is expected to grow at a significant CAGR in the body protection equipment market in the next five years.
Body Protection Equipment distributors, Body Protection Equipment suppliers, Body Protection Equipment manufacturers, Logistics organizations, Government bodies are the target audience in the body protection equipment market.
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