London, 04 August 2015: Technavio, the independent tech-focused global research firm, has published a report on the global respiratory protection equipment market 2015-2019, which is expected to witness significant CAGR growth of 6.23% during the period 2014-2019.
The market is expected to grow owing to increased government emphasis on the usage of RPE in workplaces in the developed economies. The growth of the market is augmented by the increased need for respiratory protection for military and healthcare personnel because of the increased threat of chemical and biological warfare and the increase in outbreaks of rapidly spreading deadly diseases, respectively.
“The close collaboration between the consumers and suppliers of various personal protective equipment such as RPE, fall protection equipment, and chemical protective equipment has increased significantly in recent years because of the increased demand for customized industry-specific products and single-source suppliers of various types of protective equipment,” says Faisal Ghaus, Vice President of Technavio.
Key Market Drivers
- Stringent Regulations Regarding RPE
- Increased Demand from Latin America
- Rise in Threat of Chemical Terrorism and Biological Warfare
- High Cost of Non-usage
Key Market Trends
- Epidemics and Disaster Management
- Collaboration between Consumers and Suppliers
- Increased Demand from Nordic Region
- Increased Competition among Manufacturers
Key Market Vendors
- 3M Co.
- Avon Protection Systems Inc.
- Bullard Group
- Honeywell International Inc.
- MSA Safety Inc.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
