The personal protective equipment (PPE) market in the US share will post an incremental growth of USD 8.67 billion, progressing at a CAGR of almost 13% during the forecast period. The increasing demand for PPE from the manufacturing industry will offer immense growth opportunities to market vendors. The market is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Personal Protective Equipment (PPE) Market in US Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2020-2024” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The personal protective equipment (PPE) market in the US is segmented by product (hand and arm protection, protective clothing, foot and leg protection, respiratory protection, and others) and end-user (manufacturing, OGM, construction, and others).
The growth of the personal protective equipment (PPE) market size in the US by the hand and arm protection equipment segment will be significant during the forecast period. The growth of the segment is attributed to factors such as increasing awareness and use in various end-user industries such as construction, manufacturing, and chemical.
The increasing demand for PPE from the manufacturing industry will directly influence the personal protective equipment (PPE) market. In addition, the growth of the building and construction industry is the major personal protective equipment (PPE) market trend in the US that will positively impact the market growth. However, factors such as increasing workplace automation will hamper the personal protective equipment (PPE) market growth in the US.
The market is fragmented due to the presence of several players. Some of the major personal protective equipment (PPE) market vendors in the US are 3M Co., Ansell Ltd., Chicago Protective Apparel Inc., Global Glove and Safety Manufacturing Inc., Honeywell International Inc., John Tillman Co., Magid Glove & Safety Manufacturing Co. LLC, MSA Safety Inc., Radians Inc., and SureWerx.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2020-2024.
CAGR of the personal protective equipment (PPE) market forecast during 2020-2024.
Market-level data on units, average selling prices, and values of the personal protective equipment (PPE) market share in the US.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the personal protective equipment (PPE) market in the US.
Personal Protective Equipment (PPE) industry growth across the US.