By the end of 2026, the nearly US$ 6 billion market for industrial safety gloves is anticipated to reach US$9.6 billion, growing at a CAGR of over 4.5% from 2017 to 2026.
APEJ’s industrial sector has recently grown more active due to rampant industrialization, highlighting the expanding importance of workplace and occupational safety. Even though APEJ has recently shown strong growth, it still frequently runs into significant problems with workplace labour safety. According to statistics provided by the ILO, over a million people die from occupational injuries each year across Asia (International Labour Organization).
According to a recent study by Future Market Insights, the industrial safety glove market is steadily expanding, primarily due to the accelerating adoption of workplace safety measures and ongoing R&D regarding innovative task-specific safety equipment.
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Key Takeaways:
- The global industrial safety gloves market is driven by increasing awareness about worker safety, stringent regulations, and the growing demand from end-use industries such as healthcare, chemical, and automotive.
- The market is segmented by material type, product type, end-use industry, and geography.
- Nitrile gloves are the most commonly used material type, while disposable gloves are the most commonly used product type.
- The healthcare industry is the largest end-use industry for industrial safety gloves, followed by the chemical industry and the automotive industry.
- North America is the largest market for industrial safety gloves, followed by Europe and Asia Pacific.
- Key players in the market include Ansell Ltd., Top Glove Corporation Bhd, Hartalega Holdings Berhad, and 3M Company.
- The market is highly competitive, and companies are focused on product innovation, mergers and acquisitions, and expanding their global presence to gain a competitive advantage.
Acknit, Lakeland, Uvex, Carolina, and United Glove are just a few of the significant group of industrial safety glove market participants that account for individual market shares of no more than 15%.
A recent research insight by Future Market Insights predicts a fiercely competitive scenario governing the global industrial safety gloves market landscape in the near future with a significant cumulative share anticipated for domestic players in the market.
ASEAN & ANZ Shape the Growth of APEJ’s Industrial Safety Gloves Landscape
In spite of the fact that this shows how profitable the APEJ region is for industrial safety glove manufacturers to penetrate, Australia and New Zealand, in addition to ASEAN nations, are predicted to make a significant contribution to growth.
These nations have long been forerunners in setting industrial safety standards, giving them an advantage over rivals throughout the Asian rim in the market for industrial safety gloves.
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Industrial Safety Gloves Market-Competitive Landscape Analysis
Although the demand for industrial safety gloves from various industries is constantly growing, there are also more suppliers than ever before, which has significantly increased buyers’ bargaining power in the industrial safety glove market.
The strong presence of numerous retail and wholesale distributors in the global industrial safety gloves market, which includes both online and offline stakeholders in the industrial safety gloves market, will keep suppliers’ bargaining power low, though.
Following the various industrial certifications required for the production of industrial safety gloves, Future Market Insights anticipates new entrants to the industrial safety glove market to seize high-potential opportunities in emerging economies.
Over the foreseeable future, new product development will continue to command attention in the industrial safety glove landscape as leading companies in the market view it as being of utmost importance for a differential lead over the competition in the industrial safety glove market.
In order to specifically meet the demanding needs of dentistry, Ansell Ltd. recently introduced a new line of dental examination gloves called the Micro-Touch Denta-Glove Series. More recently, the KC Performance LED Light Glove, a high-performance patented glove introduced by LEDLife.us, represents an effort to integrate fit, form, and function.
In addition, Showa revealed the arrival of a brand-new safety glove called the Showa 379, which has extra flexibility and chemical resistance to set itself apart from rivals in the market for industrial safety gloves.
The Industrial Safety Gloves Market Landscape
A few major manufacturing companies dominate the industrial safety gloves market with their own distinctive selling strategies. The industrial safety gloves market is highly competitive globally. Key players in the industrial safety gloves market, including 3M, Honeywell, and DuPont, currently control 15–30% of the market’s value in terms of individual revenue shares.
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Product Type:
- Leather gloves
- Aluminized gloves
- Aramid gloves
- Disposable gloves
- Synthetic gloves
- Metal Mash
- Fabric gloves
- coated fabric gloves.
- Chemical Protective Gloves
- Rubber Insulating Gloves
End User:
- Manufacturing
- Construction
- Petroleum and natural gas
- Transportation
- Pharmaceuticals
- Chemicals
- Food
- Mining
- Agriculture
- Maritime and Defense
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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