The global smart PPE market is expected to grow at a steady CAGR of close to 6% by the end of 2030, reaching a valuation of nearly US$ 3 Bn. With workplace accidents on the rise and growing concerns about worker safety, demand for PPE, particularly smart PPE, is expected to rise in the coming years. Recently, the integration of PPE with wearable technology has allowed the market to expand across regions.
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The Smart PPE Market study outlines the key regions – North America, Latin America, Europe and East Asia – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin.
Key Takeaways from Smart PPE Market Study
- The global smart PPE market is projected to create an absolute $ opportunity of more than US$ 1.2 Bn from 2020 to 2030.
- By product type, the protective clothing segment is set to hold a share-wide market dominance with over 60% of the total market value by the end of 2030.
- The protective footwear segment is projected to expand at a value CAGR of 7.5%, and is expected to be valued 2X more than off-shore by the end of 2030.
- The COVID-19 outbreak has resulted in impacting demand for smart PPE at the global level, as an aftereffect of halted production and construction activities in end-use industries. Furthermore, disrupted supply chains and reduced production at manufacturing companies have also contributed to descending demand. However, the smart PPE market is expected to show advancing growth post-pandemic period, as demand for reliable and efficient worker safety products with OSHA standards will surge.
- The oil & gas industry end-use segment is poised to expand at a CAGR of 6%, gaining 50 BPS over the course of the forecast duration (2020-2030).
- The smart PPE market in Europe is expected to expand at a CAGR of 6%, whereas, North America is projected to be valued 2X Latin America, and is estimated to account for a major chunk of the demand pie by the end of the forecast period.
“Integration of sensors with improved features and safety standards will provide an opportunity for the smart PPE market during the forecast period,”says a Fact.MR analyst.
Key Players to Focus on Product Innovation
Globally, established players in the smart PPE market are Honeywell International, 3M Company, Draegerwerk AG & Co, DuPont, and UVEX Winter Group.
Key players in the market are continuously focusing on product innovation to gain market share and create a USP in this highly competitive market. In the recent past, the smart PPE market has seen numerous innovations, which is an aftereffect of increasing demand for enhanced safety products.
- For instance, 3M and Ford collaborated to build and ship newly built powered air-purifying respirators for healthcare workers due to the COVID-19 crisis, leveraging parts from both company’s portfolios.
Report Benefits & Key Questions Answered
- Smart PPE Market Company & brand share analysis: Company and brand share analysis on Smart PPE Market reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
- Smart PPE Market Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Smart PPE Market
- Smart PPE Market Category & segment level analysis: Fact.MR’s Smart PPE Market sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify sales potential and set sales targets at local, country, and regional level.
- Smart PPE Market Consumption by demographics: The market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
- Post COVID consumer spending on Smart PPE Market: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
- Manufacturing trend analysis: Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments
What insights does the Smart PPE Market report provide to the readers?
- Smart PPE Market fragmentation on the basis of product type, end use, and region.
- Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
- Collaborations, R&D projects, acquisitions, and product launches of each Smart PPE Market
- Various regulations imposed by the governments on the consumption of Smart PPE Market in detail.
Key Segments of Smart PPE Market
Fact.MR’s study on the smart PPE market offers information divided into three key segments-product types, end-use, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.
Product Type
- Protective Clothing
- Head, Eye, and Face Protection
- Protective Footwear
- Hearing Protection
- Respiratory Protection
- Hand Protection
- Others
End-Use
- Oil and Gas
- Construction
- Firefighting
- Manufacturing
- Healthcare Facilities
- Mining
- Others
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa (MEA)
