Global Protective Workwear Market 2019-2023 | Introduction of Asset Tracking and Internet of Things Features to Boost Growth | Technavio

The global protective workwear market is expected to post a CAGR of
close to 6% during the period 2019-2023, according to the latest market
research report by Technavio.

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Technavio has published a new market research report on the global protective workwear market from 2019-2023. (Graphic: Business Wire)

A key factor driving the growth of the market is the innovative product
offerings by vendors. Protective workwear offers protection against
several hazards but also pose several difficulties for users. These
range from difficulties experienced in wearing them to challenges faced
in the work environment from restrained movements. For addressing these
issues, suppliers and vendors in the global protective workwear market
are launching fabrics and apparel that are lightweight and adaptable for
different work environments. This reduces the risk of injury to the
worker as well as mitigates chances of violating workplace safety norms
as workers will find such innovative workwear comfortable. For instance,
several vendors have launched a new range of protective clothing using
advanced fabric technology that provides protection from flames and can
withstand extreme temperatures, explosives, and hot liquids without
compromising on worker comfort. These innovations are encouraging users
to replace their existing protective workwear well ahead of the end of
their lifecycle, thereby augmenting the demand for innovative protective
workwear.

As per Technavio, the introduction of asset tracking and internet of
things (IoT) features will have a positive impact on the market and
contribute to its growth significantly over the forecast period. This global
protective workwear market research report also analyzes
other important trends and market drivers that will affect market growth
over 2019-2023.

Global protective workwear market: Introduction
of asset tracking and internet of things features

Inspections of safety equipment and asset tracking of personal
protection equipment, including protective workwear, remain a major
challenge on worksites. For addressing these issues, leading market
vendors have introduced a range of technological features to improve the
performance and tracking of personal protection equipment. For instance,
a leading fall protection equipment brand is offering a range of fall
protection equipment with (radio frequency identification device) RFID
tags. These RFID tags make inventory management, equipment inspection,
and record keeping compliance much easier for safety supervisors of a
site. Therefore, the development of such innovative personal protective
equipment, including protective workwear, is expected to drive the
revenue growth of the market during the forecast period.

“Most major end-user industries of the global protective workwear
market are investing in expanding their production capacities. This
means an increasing number of workers will be exposed to industrial
hazards such as chemical, heat or fire, and low visibility. Hence, the
increasing demand for protective workwear in major industries such as
oil and gas, manufacturing, healthcare, and construction is expected to
drive the growth of the market during the forecast period,” says a
senior analyst at Technavio.

Global protective workwear market: Segmentation
analysis

This market research report segments the global protective workwear
market by end-user (manufacturing, healthcare, construction, oil and
gas, and others) and geographical regions (North America, Europe, APAC,
MEA, and South America).

The North American region led the market in 2018, followed by Europe,
APAC, MEA, and South America, respectively. However, during the forecast
period, the APAC region is expected to register the highest incremental
growth due to the increasing demand for protective workwear in major
industries in the region.

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Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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View source version on businesswire.com: https://www.businesswire.com/news/home/20190522005333/en/