Global Safety Apparel Market 2018-2022| Rising Number of Female Workers in the Mining Industry to Spur Growth| Technavio
LONDON--(BUSINESS WIRE)--Aug 6, 2018--The global safety apparel market 2018-2022 is expected to post a CAGR of close to 9% during the forecast period, according to the latest market research report by .
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180806005260/en/
Technavio has published a new market research report on the global safety apparel market from 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the high emphasis on customization and quality of safety apparel. Manufacturers are investing extensively in R&D to increase the adoption rate and effectiveness of safety apparel. Technological upgrades, along with the changing consumer need for protective clothing, combine safety with fashion.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the increase in the number of female workers in the mining industry as one of the key emerging trends in the global safety apparel market:
Global safety apparel market: Increase in the number of female workers in the mining industry
The proportion of female workers in the end-user industries of safety apparel is almost negligible. Particularly, in the mining industry, only 5% of the board positions in the top 500 global listed companies are occupied by female employees. However, there seems to be a change in this scenario in mining companies in South Africa, where women occupy a quarter of the board positions in the top 100 global listed mining companies. Thus, with the increase in the number of female employees in the mining industry, the demand for safety apparel designed for women is upscaling.
“Sensing a potential opportunity, a US-based safety apparel company named Covergalls Workwear has come up with a line of safety apparel for mining industry application designed particularly to fit women. Similarly, other PPE manufacturers are coming up with a range of safety equipment customized for women,” says a senior market research analyst at Technavio.
Global safety apparel market: Segmentation analysis
This market research report segments the global safety apparel market by application (chemical-defending (CD), flame retardant (FR), mechanical, high visibility, and others) and geographical regions (APAC, EMEA, and the Americas).
The Americas led the market in 2017 with a market share of more than 42%, followed by APAC and EMEA respectively. The increasing awareness of employee safety at the workplace is driving the demand for safety apparel. Developed markets in the Americas and Europe have been the highest grossing regions. With the growth of various industries such as construction and manufacturing in regions like APAC, there has been a surge in demand for protective clothing in developing countries as well.
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 LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket sizing Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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 .
View source version on businesswire.com:https://www.businesswire.com/news/home/20180806005260/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: RETAIL FASHION
SOURCE: Technavio Research
Copyright Business Wire 2018.
PUB: 08/06/2018 03:39 AM/DISC: 08/06/2018 03:39 AM