AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

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

May 22, 2019
Technavio has published a new market research report on the global protective workwear market from 2019-2023. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--May 22, 2019--

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.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190522005333/en/

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.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

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

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

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

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY INTERNET OTHER TECHNOLOGY MANUFACTURING TEXTILES RETAIL OTHER RETAIL

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 05/22/2019 10:20 AM/DISC: 05/22/2019 10:21 AM

http://www.businesswire.com/news/home/20190522005333/en

All contents © copyright 2019 The Associated Press.All rights reserved.