Global Protective Workwear Market 2019-2023 | Introduction of Asset Tracking and Internet of Things Features to Boost Growth | Technavio
LONDON--(BUSINESS WIRE)--Oct 11, 2019--
The protective workwear market size is expected to post a CAGR of close to 6% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
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Technavio has announced its latest market research report titled global protective workwear market 2019-2023. (Graphic: Business Wire)
The innovative product offerings by vendors are expected to drive the growth of the global protective workwear market during the forecast period. Protective workwear offers protection against several hazards but also poses several difficulties for users. These range from difficulties experienced in wearing them to challenges faced in the work environment from restrained movements. To address these issues, suppliers and vendors in the global protective workwear market are launching fabrics and apparel that is lightweight and adaptable for different work environments. This reduces the risk of injury to the worker and mitigates the chances of violating workplace safety norms as workers will find such innovative workwear comfortable. Such innovations are encouraging users to replace their existing protective workwear well ahead of the end of their lifecycle, thereby augmenting the demand for innovative protective workwear.
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As per Technavio, the introduction of asset tracking and internet of things features will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Protective Workwear Market: Introduction of Asset Tracking and Internet of Things Features
Inspection of safety equipment and asset tracking of personal protection equipment, including protective workwear, remains a major challenge on worksites. To address this issue, leading market vendors have introduced a range of technological features to improve the performance and tracking of personal protection equipment. For instance, a leading fall protection equipment brand is offering a range of fall protection equipment with (radio frequency identification device) RFID tags. These RFID tags make inventory management, equipment inspection, and record keeping compliance much easier for safety supervisors of a site. Therefore, the development of such innovative personal protective equipment, including protective workwear, is expected to drive the revenue growth of the market during the forecast period.
“Most major end-user industries of the market are investing in the expansion of their production capacities. This means an increasing number of workers will be exposed to industrial hazards such as chemical, heat or fire, and low visibility. Hence, the increasing demand for protective workwear in major industries such as oil and gas, manufacturing, healthcare, and construction is expected to drive the growth of the market during the forecast period, ” says a senior analyst at Technavio.
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Protective Workwear Market: Segmentation Analysis
This market research report segments the protective workwear market based on application (chemical, fire and thermal, biological, and visibility), by end-user (manufacturing, healthcare, construction, oil and gas, and others), and geographical regions (North America, Europe, APAC, MEA, and South America).
The North American region led the market in 2018, followed by Europe, APAC, MEA, and South America, respectively. However, during the forecast period, the APAC region is expected to register the highest incremental growth due to the increasing demand for protective workwear in major industries in the region.
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Five Forces Analysis
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PUB: 10/11/2019 07:30 AM/DISC: 10/11/2019 07:30 AM