Facts Related to Growth of Global Personal Protective Equipment Market in 2022

In the wake of present scenario, the 2017 Personal Protective Equipment Market valued at $40.06 Billion is expected to show a tremendous growth of 6.5% CAGR. The value will rise to nearly $58.34 Billion in the year 2022. The Arm and Hand protection market is stated to be the biggest market on the Global level. The Manufacturing market for these equipment is the largest segment in the Asia-Pacific Region.

The growth factor depends on the government regulations issued for maintaining the safety at the workplace. However, the only constraints faced by the Personal Protective Equipment market are higher prices and increased automation.

Top Specifics Related to this Market
The market based on arms and hand protection is gaining popularity on a global basis with the innovative techniques introduced in this segment. The companies across the globe are investing their money and time in making the workplaces better. This will help in increasing reputation of the companies amongst its competitors. Here are some pointers that will throw some light on the Personal Protection Equipment Market.

• Build Safety Culture at Workplaces: The Companies are making the workplaces better by taking robust measure by introducing protective equipment for the employees. Most of the manufacturing units across the globe are investing in the safety devices in order to provide the secure environment to their employees.
• Lower the Risk: The encouragement of safety culture at the workplace will help in lowering the risk level. The safety culture helps in correcting the faults in the Behavior- Based Safety or BBS. Moreover, the risk management will help in rendering the economic, social and financial benefits.
• Standardized Increase in Few Safety Segments: The Personal Protection Equipment will increase for these segments until the year 2022. The protection segments include leg and foot segment, respiratory segment, arm and hands segment, face and eye protection segment and head protection. The improvement is done in these segments because of government regulations to save the workers working in the harsh environment.
• End-Use Segment of Personal Protective Devices: The Construction and Manufacturing industries are going to become the end-users for this market. The risk in construction activities involves in the demolitions, residential construction, bridge erection, etc. The Manufacturing industries involve the use of heavy machinery for production of goods and its varied operations. The main end-user market is forecasted to be the Asia- Pacific region.
• Opportunities for Stakeholders: The stakeholders are investing the money in the companies that focus on the Personal Protection Equipment. People are aware of the risk involved in many industries so with the implementation of safety measures the reputations of the companies will boost. Moreover, this will also attract the stakeholders, as it will result in increased production and sales of the company.

Finally, it can be said that the forecast for the raised CAGR of more than 6.5% by the year 2022 is only possible if the companies start taking initiative at the initial stage. This will support the rising safety measures at the workplace and lesser accidents, illness or severe injuries to the workers.