Technavio, a tech-focused market research firm, has published a new report on the global PPE market in the construction industry, which is expected to experience a slow but steady growth rate with a CAGR of close to 8% during the forecast period.
This latest report by Technavio covers the market outlook and growth prospects of the global PPE market in the construction industry for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global PPE market in construction industry into the following key regions: The Americas, APAC, and EMEA.
Geographical segmentation of the global PPE market in construction industry for 2015 (market share %)
|
Americas |
44% |
|
APAC |
30% |
|
EMEA |
26% |
Source: Technavio
The Americas: largest revenue generating region for PPE market in the construction industry
The PPE market in the construction industry in the Americas was valued at close to USD 6 billion and is expected to grow at a CAGR of over 7% by 2020. The implementation of stringent safety regulations in the American market will drive the growth of this region. The rules apply to the region and especially in the US, facilitating a higher adoption of PPE products by organizations and higher worker compliance in the region.
“The market is expected to grow gradually in the South and Central America during the forecast period. The recent expansion of the Panama Canal is a potential opportunity to increase the country’s economy and their construction sectors. The increase in the construction activities across the American market will boost the demand for PPE in the region over the period of next four years,” says Sarah Haque, a lead analyst at Technavio.
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PPE in construction industry in APAC
The PPE market in the construction industry in APAC was valued at around USD 4 billion and is expected to grow at a CAGR of more than 8% by 2020. The increasing investments opportunities and the establishment of new manufacturing facilities will make APAC the fastest growing region in the market. The rise in population and rapid developments in infrastructure across various countries in the region will boost the demand for PPE products in the APAC market. Countries like China, India, and Vietnam will emerge as the key revenue generators of the region during the forecast period.
PPE market in construction industry in EMEA
The PPE market in the construction industry in EMEA was valued at almost USD 4 billion and is expected to grow at a CAGR of more than 7% by 2020. The increasing demand for PPE products for the safety of laborers at construction sites especially from the Middle Eastern and African countries will fuel the growth in this region. The construction of roads, commercial, residential, and industrial buildings is expected to increase during the forecast period in this region. The safety regulations and high awareness regarding the benefits of PPE are contributing to a higher product penetration in the Western European market. Rapid industrialization in Central and Eastern Europe will contribute to the revenues in the market.
The top leading vendors operating in the global PPE market in the construction industry are:
- Honeywell
- 3M
- DuPont
Other prominent vendors in the market include Ansell, Delta Plus, Eurosafe Solutions, Ergodyne, Lakeland Industries, MCR Safety, MSA Safety, Portwest, P&P Safety, Radians Safety, and Wenaas.
A more detailed analysis is available in the Technavio report titled, ‘Global PPE Market in Construction Industry 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- PPE Market in the US 2016-2020
- Personal Protective Equipment Market in India 2016-2020
- Global Personal Protective Equipment Market 2016-2020
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