Authored By: Sarah
24 Jul 2023

APAC to lead the Cut Resistant Gloves Market with a 32% of growth rate during 2022-2026

Rapid industrialization and urbanization are driving the growth of the Cut Resistant Gloves Market growth in APAC during the forecast period. The market is segmented by end-user (automotive, metal fabrication, machinery and equipment, construction, and others) and geography (North America, Europe, APAC, South America, and MEA). Technavio reports that the cut-resistant gloves market size is expected to grow by USD 821.47 million, accelerating at a CAGR of 9.15%

Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including 3M Co., Ansell Ltd., Delta Plus Group, Honeywell International Inc., Kimberly-Clark Corp., MCR Safety, Midas Safety Inc., MSA Safety Inc., Protective Industrial Products, and Superior Gloves. Unlock Sample Report 

APAC to lead market growth

32% of the market growth will originate from APAC during the forecast period. China and Japan are the key markets for cut-resistant gloves in APAC. Factors such as increasing product innovations will offer immense growth opportunities. However, the risk of allergy due to the use of cut-resistant gloves may impede the market growth. 

APAC to lead the Cut Resistant Gloves Market with a 32% of growth rate during 2022-2026

Cut Resistant Gloves Market: Vendor Analysis

  • The market is fragmented.
  • The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
  • 3M Co., Ansell Ltd., Delta Plus Group, Honeywell International Inc., Kimberly-Clark Corp., MCR Safety, Midas Safety Inc., MSA Safety Inc., Protective Industrial Products, and Superior Gloves are some of the major market participants.

Cut Resistant Gloves Market: Market Dynamics

The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the cut-resistant gloves market growth during the forecast period. 

Key Drivers:

  • Risk of physical injuries associated with labor-intensive industries
  • Stringent occupational safety regulations
  • Increasing product innovations

Key Trends

  • The increasing number of strategic alliances
  • Adoption of modular cleanrooms
  • Technological advances

Key Challenges

  • Risk of allergy due to use of cut-resistant gloves
  • Fluctuating prices of raw materials
  • Low adoption of cut-resistant gloves in developing countries

Technavio's custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with impact analysis of government regulations. Download the PDF Sample Report 

Cut Resistant Gloves Market: Key Highlights of the Report for 2022-2026

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive Cut Resistant Gloves Market growth during the next five years
  • Precise estimation of the Cut Resistant Gloves Market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the cut resistant gloves industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of Cut Resistant Gloves Market vendors
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