USD 71.5 billion
Report ID:
SQSG35A2016 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
77
|Figures:
75
Global Personal Protective Equipment (PPE) Market size was valued at USD 71.5 billion in 2019 and is poised to grow from USD 80.38 billion in 2023 to USD 115.66 billion by 2031, growing at a CAGR of 4.7% in the forecast period (2024-2031).
Personal protective equipment, or "PPE," is equipment worn to reduce exposure to risks that might result in significant workplace diseases and injuries. Contact with chemical, radioactive, physical, electrical, mechanical, or other job hazards may cause these wounds and illnesses. Items like gloves, safety goggles, shoes, earplugs or muffs, hard hats, respirators, or coveralls, vests, and full-body suits are examples of personal protection equipment.
PPE may also guard against exposure to substances or possibly infectious material brought in by visitors and healthcare personnel for patients who are at high risk of getting infections during surgery or who have a medical condition like immunodeficiency. It reduces the transfer of infection from one person to another when used correctly and in conjunction with other infection control techniques including hand washing, using alcohol-based hand sanitizers, and covering coughs and sneezes. In order to effectively use PPE and avoid exposing the user and others to infection, soiled PPE must be removed and properly disposed of.
PPE with a guarantee of quality is still in high demand. UNICEF still plays a significant part in the distribution and purchase of PPE. In fact, as part of the COVID-19 response, UNICEF has sent more than 653.4 million PPE pieces to 140 countries since the pandemic started. This is made possible by funds earned from organisations like UNICEF's Humanitarian Action for Children Appeal and a gift given to the ACT-A Supplies Financing Facility by the Danish government (ACT-A SFF).
US Personal Protective Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 71.5 billion
Largest Segment
Eye and Face Protection
Fastest Growth
Eye and Face Protection
Growth Rate
4.7% CAGR
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The Global Personal Protective Equipment (PPE) Market is segmented based on the Product Type, End Use, and region. Based on the Product Type, the Personal Protective Equipment Market is segmented as Eye and Face Protection, Head Protection, Hearing Protection, Protective Clothing, Respiratory Protection, Professional Footwear, Fall Protection, Hand Protection, Others. Based On End Use, the Personal Protective Equipment Market is segmented as Manufacturing, construction, automotive, oil & gas, healthcare, chemical, food, transportation, and Others. Based on Region Personal Protective Equipment Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Personal Protective Equipment Market Analysis by Product Type
Based on the Product Type, the hand protection segment held the largest market share, due to the need for industrial safety gloves will increase in response to growing concern for employees' safety in the mining, construction, equipment manufacturing, and chemical industries. The hand protection market is projected to develop as a result of the rising demand for safety gloves. Handling sharp edges in the workplace, such as metal, glass, and abrasion materials, may increase product adoption. Workers are protected by safety gloves from chemical burns and metal wounds. Additionally, the majority of safety glove manufacturers are developing acquisition strategies to diversify their product offerings and foster business growth.
Personal Protective Equipment Market analysis by End User
The Global Personal Protective Equipment (PPE) Market has been segmented on the basis of End Use as Manufacturing, construction, automotive, oil & gas, healthcare, chemical, food, transportation, and Others. Among these, the healthcare end-use sector held the largest market share in 2021 with a revenue share of 29%. During the projection period, the sector will continue to dominate, rising at the fastest CAGR. End users take into account a number of elements when choosing protective gear, including the fabric used and the covering it offers, the seam barrier characteristics, and other features like closures. The fast spread of the coronavirus in the United States has boosted the demand for protective apparel, particularly coveralls and gowns.
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North America held the greatest revenue share of over 33% in the global market in 2021. Due to its developed end-use industries and strong product acceptance in the healthcare industry. A strict regulatory environment and severe penalties for non-compliance with the standards, which are compelling companies to adopt PPE, are credited with the high product penetration in the U.S. During the forecast period, it is expected that the Asia Pacific market would grow at a rapid CAGR. Over the years ahead, it is anticipated that the construction industry in APAC will continue to have strong growth. In the next years, this will probably help the Asia Pacific personal protective equipment market grow. Due to its high level of occupational dangers, the mining industry is likely to continue being a significant end-use industry. Mining PPE is a somewhat established business in developed markets, thus emerging nations like China and India are predicted to drive growth in this sector.
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Personal Protective Equipment Market Driver
Personal Protective Equipment Market Restraint
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The Global Personal Protective Equipment (PPE) Market is relatively concentrated and it is dominated by major players like Honeywell International, Inc., Lakeland Industries, Inc., DuPont, 3M, Ansell Ltd., Avon Rubber plc These companies are majorly focusing on manufacturing products that are comfortable as well as fashionable due to increasing demand for customized equipment
Personal Protective Equipment Market top Player's Company Profiles
Personal Protective Equipment Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Personal Protective Equipment (PPE) Market Analysis, in terms of Product Type, the hand protection segment held the largest market share, due to the need for industrial safety gloves will increase in response to growing concern for employees' safety in the mining, construction, equipment manufacturing, and chemical industries. In terms of End User, the healthcare end-use sector held the largest market share in 2021 with a revenue share of 29%. Among regions, North America held the greatest revenue share of over 33% in the global market.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 71.5 billion |
Market size value in 2031 | USD 115.66 billion |
Growth Rate | 4.7% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Personal Protective Equipment (PPE) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Personal Protective Equipment (PPE) Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Personal Protective Equipment (PPE) Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Personal Protective Equipment (PPE) Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQSG35A2016
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