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The predicted growth for the safety apparel market share from 2021 to 2026 is USD 9.80 billion at a decelerating CAGR of 11.3%. Our analysts have provided valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches for the coming years. The safety apparel market report offers information on several market vendors, including 3M Corp, Anbu Safety Industrial Co. Ltd., Ansell Ltd., ASATEX AG, Ballyclare Ltd., Delta Plus Group, DuPont de Nemours Inc., Honeywell International Inc., KERMEL, Kimberly Clark Corp., Lakeland Industries Inc., NASCO Industries Inc., OccuNomix International LLC, Sioen Industries NV, Teijin Ltd., UniFirst Corp., VF Imagewear Inc., and W. L. Gore and Associates Inc. among others. Furthermore, this report extensively covers market segmentation by:
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Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The high emphasis on customization and quality of safety apparel is notably driving the safety apparel market growth, although factors such as the increase in the cost of raw materials impacting the supply chain may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the safety apparel industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Safety Apparel Market Driver
The high emphasis on customization and quality of safety apparel is one of the key drivers fueling the safety apparel market growth. Manufacturers are investing extensively in RD to increase the adoption rate and effectiveness of safety apparel. Significantly, technological upgrades, along with the changing consumer need for safety apparel, combine safety with fashion. Moreover, the increased focus on innovation in product design and functionality will, in turn, increase the demand for raw materials that offer features such as lightweight, comfort, higher heat resistance, and wear and tear resistance, thus urging companies to invest in RD extensively. Cumulatively, all these activities will benefit the entire supply chain, thereby driving the demand. Such increasing demand will drive the safety apparel market growth during the forecast period.
Key Safety Apparel Market Trend
Implementation of smart and wearable technology is one of the key safety apparel market trends contributing to the market growth. Currently, the safety compliance by the workers is tracked manually. However, with wearable technology, beacons and wearable devices can be used to monitor PPE use. Each beacon has a unique identity and is attached to the wearable device. The signals emitted by the beacon are received and recorded by the wearable device. It is mainly used to collect data and provide information quickly and conveniently. Moreover, with the need for product differentiation from the supplier end, the manufacturers are investing in wearable and smart technology for PPE. Such increasing investment will propel the safety apparel market growth during the forecast period.
Key Safety Apparel Market Challenge
The increase in the cost of raw materials impacting the supply chain is one of the challenges impeding the safety apparel market growth. Customers generally place a purchase order for safety apparel in the form of custom and rush orders and hence can turn to other manufacturers selling at a lower price. Hence, in this case, the manufacturers may not be able to increase the price of the safety apparel proportionate to the increase in their costs to maintain their margins. Thus, the manufacturers maintain good relations with their suppliers and try to source the raw materials internationally at lesser costs, failing which they might lose sales to their competitors. This, in turn, will impede the safety apparel market growth during the forecast period.
This safety apparel market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global safety apparel market as a part of the global specialized consumer services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the safety apparel market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the safety apparel market encompasses successful business strategies deployed by the key vendors. The safety apparel market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The safety apparel market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the safety apparel market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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37% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the safety apparel market in APAC. Market growth in this region will be slower than the growth of the market in other regions.
The development of the construction sector will facilitate the safety apparel market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
Due to the outbreak of COVID-19, the regional market witnessed a downfall. However, the vaccination drive for COVID-19 was conducted widely since February 2021, which led to the resumption of vendor operations. Therefore, the safety apparel market is expected to recover and grow during the forecast period.
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The safety apparel market share growth by the chemical defending segment will be significant during the forecast period. Another segment offering significant growth opportunities for vendors is flame retardant. The growth of the chemical and oil and gas industry has been the major driver of flame retardant safety apparel. The US has been the most attractive destination for setting up new chemical manufacturing facilities because of the availability of cheap natural gas and the associated liquids owing to the increase in hydraulic fracturing activities. Such factors will boost the safety apparel market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the safety apparel market size and actionable market insights on the post-COVID-19 impact on each segment.
Safety Apparel Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 11.3% |
Market growth 2022-2026 |
$9.80 billion |
Market structure |
Fragmented |
YoY growth (%) |
14.16 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 37% |
Key consumer countries |
US, Canada, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
3M Corp, Anbu Safety Industrial Co. Ltd., Ansell Ltd., ASATEX AG, Ballyclare Ltd., Delta Plus Group, DuPont de Nemours Inc., Honeywell International Inc., KERMEL, Kimberly Clark Corp., Lakeland Industries Inc., NASCO Industries Inc., OccuNomix International LLC, Sioen Industries NV, Teijin Ltd., UniFirst Corp., VF Imagewear Inc., and W. L. Gore and Associates Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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