COVID-19 Impact Analysis of Hand Protection Products Market Report 2021
mandmFebruary 19, 2021 5
ReportsnReports.com the exclusive leading provider of market research reports published research report on “Global Hand Protection Products Market Research Report 2021”.
The Global report on “Hand Protection Products Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.
The Hand Protection Products market intelligence report considers the regional segmentations such as North America, Europe, Asia-Pacific, South America, Middle East and Africa. The market data across the geographies helps to analyze the regional market share, s
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COVID-19 Outbreak to Influence Growth Prospects of Personal Protective Equipment (PPE) Market: TMR
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The novel coronavirus outbreak has increased the growth rate of the personal protective equipment market to a great extent and will continue to observe growth across the assessment period of 2017-2025
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The global personal protective equipment market is expected to record a CAGR of 7 percent during the tenure of 2017-2025
ALBANY, N.Y., Feb. 10, 2021 /PRNewswire/ The demand for personal protective equipment has increased substantially over the years, especially during the COVID-19 outbreak across the globe. Thus, this aspect has benefitted the growth of the personal protective equipment market to a great extent. The outbreak will continue adding extra stars of growth to the personal protective equipment market during the assessment period of 2017-2025.
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The global personal protective equipment market size is expected to reach USD 123.38 billion by 2027 registering a CAGR of 9.6%.
Market Growth & Trends
Increasing focus on employee safety, coupled with favorable occupational safety regulations, is expected to drive the market growth over the forecast period. Rapid industrialization across the globe, particularly in developing regions, is projected to aid the penetration of personal protective equipment (PPE) in various end-use industries. Manufacturers have been investing in R&D initiatives to develop advanced products that adhere to the regulatory standards and have low external limitations.
Technological advancements, coupled with changing consumer trends, have led to a drastic change in manufacturing techniques to obtain superior-quality finished products. The industry has been witnessing a rising demand for high-performance & engineered multifunction
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The PPE market for women stood at $799.7 million in 2020. Growth is driven by an increase in women employees across industrial sectors, an increase in awareness, stringent regulatory compliance, and realization of increased hazards at the workplace due to ill-fitting PPE.
The growth in demand for women-specific PPE is also because women have a different body structure than men, and therefore, smaller, scaled-down versions of men s PPE are not the right fit for women. This explicit need for women-centric PPE is expected to drive higher adoption in the near future.
The lack of availability of PPE products in adequate sizes, designs, and colors for women has created a demand-supply gap. Furthermore, with lucrative growth rates and limited competition, a number of manufacturers are expected to enter the market with their offerings of PPE for women in the coming years.