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Industrial Safety Gloves Market Current Business Trends & Growth Opportunities 2020-2025

Author : Ravi Chawat | Published Date : 2020-09-02 

A market report by Global Market Insights, Inc., reveals that the global industrial safety gloves market size is targeted to foresee an overall valuation of USD 8 billion by 2025 in terms of revenue.

Essentially driven by the need to enhance worker safety, industrial safety gloves market has carved an unprecedented stance in the realm of safety equipment in recent times. The ergonomic design trends alongside strong safety features would allow the growth map of worldwide industrial safety gloves industry to witness a marked ascent during 2019-2025.

According to the statistics rolled out by the US Department of Labor and Bureau of Labor Statistics in 2016, approximately 2.9 million industrial injuries and fatalities have been registered owing to the absence of protective gears and equipment that workers need to be equipped with.

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Introduction of stringent regulations by OSHA and EU on the grounds of safeguarding the workers from distinguished industrial hazards are likely to open up new growth opportunities for industrial safety gloves market players over the forecast period.

Concurrently, an upswing in safety assessment programs carried out by various companies is likely to stimulate industrial safety gloves industry trends. In this regard, OSHA issued a hand protection standard, 29 CFR 1910.138 which lays high emphasis on the requirements for the use of hand protection along with summarizing certain guidelines on its right use and maintenance.

The increasing working population across the globe, in core industries such as automotive and manufacturing, have enabled countries like Japan, India, and Canada to witness a rise in the demand for safety equipment. In essence, North America has come to emerge as one of the most lucrative geographical landscapes for the global industrial safety gloves market.

Endorsed by umpteen factors like mounting awareness on safety concerns, increased raw materials rate, swinging transportation costs, and others, in tandem with strict regulations implemented by OSHA, North America is likely to crop up as one of the major countries augmenting the global industrial safety gloves market share. As per estimates, North America accounted for 35 per cent of the global industrial safety gloves industry share in 2017.

Robust presence of various industry players is likely to stimulate the business dynamics and allow the region to hold an overall share of 30 per cent by the end of 2025.

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Considering the application spectrum, the automotive sector is said to flourish at a prodigious pace of 7 per cent over 2019-2025. Apparently, the sector was valued at USD 1.5 billion in 2017 due to rapid expansion of automotive industries across various regions.

The emerging countries across the world are observing myriad developments in terms of the infrastructural and industrial landscapes. This has prompted machinery industry contenders to adopt precautionary measures for the proper health of the workers which would eventually boost the demand for mechanical products. The mechanical product segment of industrial safety gloves market may perform exceptionally well over the forecast years. This is aptly credited to the exceptional cut resistance, strong grip, and high abrasion resistance properties of the product.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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