Zion Market Research has forecasted that the global personal protection equipment market will increase by 6.4 per cent annually from 2017 - 2022
Zion Market Research, a market reseach company which provides reports and high-end data analytic solutions has recently released a report entitled “Personal Protective Equipment Market (Hand Protection, Fall Protection, Protective Clothing, Professional Footwear, Head Protection, Respiratory Protection, and Others) for Construction & Manufacturing, Oil and Gas, Health Care, Petrochemicals, Food Industry, and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2016 – 2022.”
It states that the global protective protective equipment market market in 2016 was valued at around US$39.37bn. It is expected to be valued at over US$57bn globally by the year 2022, growing at a CAGR of 6.4 per cent between 2017 and 2022.
According to Zion, ‘An increasing number of organizations worldwide are now becoming proactive regarding employee health & safety. Technological innovation and shifting consumer preference towards protective equipment are driving market of personal protective equipment. Increasing foreign investments, high industry growth, and stringent safety regulations can augment the demand for personal protective equipment worldwide. However, pricing pressures and increasing commoditization of products can impact the growth of the market.’
