Smart Personal Protective Equipment Market by End-user and Geography - Forecast and Analysis 2020-2024
- Published: May 2020
- Pages: 120
- SKU: IRTNTR43527
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The smart personal protective equipment market size has the potential to grow by USD 1.85 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth.
This report provides a detailed analysis of the market by end-user (firefighting industry, manufacturing industry, construction industry, oil and gas industry, and mining industry) and geographic (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including 3M Co., Ansell Ltd., Baker Hughes Co., Delta Plus Group, DuPont de Nemours Inc., Honeywell International Inc., Intellinium, Kimberly-Clark Corp., MCR Safety, and Radians Inc.
What will the Smart Personal Protective Equipment Market Size be in 2020?
Browse TOC and LoE with selected illustrations and example pages of Smart Personal Protective Equipment (PPE) Market
Who are the Major Smart Personal Protective Equipment Vendors?
The smart PPE market is fragmented. With the increase in competition, the industry has been witnessing consolidation, wherein small entities are acquired by or merged with major players. 3M Co., Ansell Ltd., and Baker Hughes Co. are some of the major market participants. Although the risks of physical injuries in labor-intensive industries will offer immense growth opportunities, the high costs of smart PPE will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this smart personal protective equipment market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this smart personal protective equipment market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- 3M Co.
- Ansell Ltd.
- Baker Hughes Co.
- Delta Plus Group
- DuPont de Nemours Inc.
- Honeywell International Inc.
- Kimberly-Clark Corp.
- MCR Safety
- Radians Inc.
Which are the Key Markets for Smart Personal Protective Equipment?
North America was the largest smart personal protective equipment market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. 35% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for smart personal protective equipment in North America.
What are the Major End-user Segments in the Smart Personal Protective Equipment Market?
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Firefighters continually find themselves in dangerous situations due to the nature of their jobs. Vendors in the smart PPE market are now providing smarter equipment that will help firefighters navigate their way through debris and smoke and provide real-time data that can be used for personal safety. Vendors are deploying information and communications technology (ICT) solutions to protect firefighters and help prevent accidents by integrating ICT with smart PPE. This report provides an accurate prediction of the contribution of all the segments to the growth of the smart personal protective equipment market size.
How will Physical Injuries in Labor-intensive Industries Influence Smart Personal Protective Equipment Market Growth?
The work environment in factories, mining fields, and construction sites pose a potential threat to the safety of workers. Employers in the private industry have reported a significant number of non-fatal workplace injuries because of equipment failure and environmental hazards. Exposure to damaging noise levels, paint, dust particles, and harmful chemicals are also potential concerns for workers’ safety. This will lead to increased operational costs, including compensation for workers and productivity loss. The rising concerns about the safety of workers is subsequently driving the need for smart personal protective equipment. With the growing demand, companies in the smart PPE market are also focusing on introducing new products. They are also adopting innovative and distributive strategies to expand their consumer base and make the most of the growing smart PPE market size.
There is also an increase in the demand for multifunctional protective clothing. This will be one of the key personal protective equipment market trends augmenting the market’s growth prospects. With the demand for multifunctional protective clothing, vendors in this market are focusing on R&D to develop new materials that can be used for manufacturing multifunctional protective clothing. Companies have already started using nanotechnology and intelligent materials to create lighter and more durable clothing materials. This will offer new growth opportunities to smart PPE manufacturers, driving market growth. As a result of these factors, the global smart PPE market size will grow at a CAGR of almost 11% during the forecast period.
What are the Key Factors Covered in this Smart Personal Protective Equipment Market Report?
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive smart personal protective equipment market growth during the next five years
- Precise estimation of the smart PPE market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the smart personal protective equipment industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of smart personal protective equipment market vendors
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Risks of physical injuries in labor-intensive industries
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