The Automotive Pedestrian Protection Systems Market was valued at US$ 992.8 Mn in 2016 and is expected to increase to US$ 4,994.0 Mn by 2025, registering a CAGR of 19.95% over the forecast period, Personal protective equipment (PPE) are equipment that protect the user from various injuries such as lung problems due to breathing contaminated air and eye and skin problems due to corrosive materials among others. These include items such as protective clothing, safety footwear, helmet, gloves, and eye protection products. PPE reduces the user against occupational hazards such as chemical, physical and biological, when administrative and engineering controls are not effective or feasible to reduce these risks to acceptable levels.
Market Dynamics:
Growth of the personal protective equipment market is driven increasing awareness of occupation safety and stringent government regulations over use of personal protective equipment and safety. In addition to this, growing demand for these equipment from various End-use industries is expected to further propel growth of the market. However, high cost of raw materials such as aramid and carbon fiber that are required to manufacture personal protective equipment, are anticipated to hinder the market growth. North America is the largest personal protective equipment market owing to significant demand from manufacturing industry. According to the Government of Canada, manufacturing sector accounted approximately US$174 billion of Canadian GDP in 2017. Furthermore, stringent regulations by Occupational Safety and Health Administration (OSHA) such as 29 CFR 1910.95 which is related to the occupational noise exposure, 29 CFR 1910.135 which is regarding head protection and others is fuelling the growth of personal protective equipment market in this region.
Key features of the study:
This report provides in-depth analysis of personal protective equipment and provides market size (US$ Billion) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017–2025), considering 2016 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global personal protective equipment market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans
Key companies covered as a part of this study 3M Company, Mine Safety Appliances Company, Ansell Limited, National Safety Apparel Inc., UVEX, Kimberly-Clark Corp., Honeywell Safety Products, Cooper Tire & Rubber Company, and Rock Fall Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
The global personal protective equipment market report caters to various stakeholders in this industry including investors, suppliers, personal protective equipment device manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the personal protective equipment market
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