According to the latest market research study released by Technavio, the PPE market in India is expected to grow at a CAGR of about 13% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the PPE market in India based on end- user:
PPE market in India shares by end-user 2015
|
Construction |
30% |
|
Automobile industry |
20% |
|
Others |
20% |
|
Health industry |
18% |
|
Steel and metal fabrication |
12% |
Source: Technavio
PPE market in India for construction industry
In 2015, construction industry segment accounted for a share of around 30% in the PPE market in India. The construction market is expected to grow and is likely to emerge as the third-largest market in the world during the forecast period.
“Projects associated to infrastructures such as the construction of roads and railroads have experienced increased investment. The government of India has initiated certain schemes like ‘Make in India’, which covers around 290 cities under smart cities projects. Such initiatives are likely to boost the growth of construction industry in the coming years,” says Abhay Sinha, a senior analyst at Technavio.
The construction industry accounts for the highest number of occupational injuries, which will drive the market for fall protection. The government of India does not have strict rules on worker safety in the construction sites.
PPE market in India for automotive industry
The automotive sector in India will witness vigorous growth in the coming years. The passenger vehicles segment in India recorded a growth of around 8% in 2015, which has the probability to double in the next year. In 2015, India surpassed Brazil to become the fifth largest automobile maker in the world. While the global market grew at a slow rate of around 4%, the Indian automotive industry recorded a growth of over 16% in 2015. There has been a strong FDI inflow due to the growth observed in the Indian automotive industry. The exposure of chemicals and exhaust fumes are the major occupational hazards faced by the workers in this industry, which drives the market for hand and arm protection and eye, head, and face protection.
PPE market in India for healthcare industry
With the technological advances, advanced treatment, and infrastructural improvements, there has been a significant growth in the Indian healthcare industry. The outbreak of diseases like Ebola is projected to increase the spending in the healthcare industry. The occupational hazards in the healthcare industry are constituted by contact with infectious material, biological hazards, and exposure to sharp objects. Healthcare professionals face the greatest exposure to hazards such as chemicals, radiation, and pathogens, which are expected to drive the market for protective clothing and respiratory protection equipment.
PPE market in India for steel and metal fabrication industry
The rapid industrialization in India is expected to drive the industry, especially the manufacturing of heavy machinery during the forecast period. The steel industry poses several occupational hazards. The workers in the metal industry are vulnerable to injuries caused by inorganic lead which is toxic. Moreover, the workers can come into contact with leaded glass, bronze objects, and radiators.
The top leading vendors operating in the PPE market in India are:
- 3M
- Honeywell
- MSA Safety
- Du Pont
Other prominent vendors in the market include Armstrong Products, Joseph Leslie, Lindström Group, Super Safety Services, and Sure Safety.
A more detailed analysis is available in the Technavio report titled, ‘PPE market in India 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Personal Protective Equipment Market 2016-2020
- Personal Protective Equipment Market in the UK 2016-2020
- PPE Market in the US 2016-2020
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