The global MRO-PPE market was valued at more than $34 billion and is anticipated to surpass revenues of $46 billion by 2020
Procurement market intelligence analysts have announced the top five leading suppliers for the MRO-PPE in their latest research report. APAC is the fastest-growing market for PPE owing to the high demand from the construction and manufacturing industries. China, India, Indonesia, and Vietnam are expected to emerge as the revenue-generating countries in this region during the forecast period.
This category spend intelligence report is based on the synthesis, analysis, and interpretation of information about the global MRO-PPE market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The growth in the global market for MRO-PPE is driven by factors such as foreign investments, rapid industrialization, and government regulations. Stringent regulations that enforce workplace safety and increase in costs associated with workplace-related accidents also play a key role in fueling the demand for PPE in the market. Large organizations in the market space are adopting safety measures that increase workers’ awareness of potential workplace hazards and reduce the costs associated with workplace illness and injuries in an attempt to enhance their reputation and enforce the trust of stakeholders. To ensure optimum level of safety for workers, buyers engage with suppliers capable of providing PPE that complies with buyers’ workplace environment.
According to Angad Singh, a category specialist at Technavio, “The rising levels of automation in the manufacturing industry in Europe is propelling the demand for PPE. The protective gear for respiratory systems market in Europe is expected to increase from $727 million in 2015 to reach $802 million by 2020, primarily due to the stringency of regulations and increased awareness among employees regarding the risks associated with inhalation of contaminated air in industries that manufacture products such as chemicals and asbestos, as well as in the firefighting sector. This trend is spurred by factors such as increase in occupational fatalities and requirement for durable and high-utility protective gear in many core industries such as refining, metal manufacturing, oil and gas, and automotive.”
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Top five suppliers in the MRO-PPE market space
HONEYWELL
Honeywell Safety Products is the largest global manufacturer of PPE products. Some of its brands include North, Uvex, Honeywell, Miller, Oliver, Howard Leight, King’s, Fibre Metal, and Servus. The company helps its clients provide a safer workplace for its employees by minimizing workplace injuries. Honeywell acquired companies such as Sperian protection (in 2015), Noecross Safety (in 2010), and King’s Safetywear Ltd. (in 2011) to enhance its PPE portfolio.
Some key products – Protective gear for eyes and faces, Protective gear for respiratory systems, Protective clothing, Traffic safety equipment, etc.
3M
3M offers well-designed and comfortable PPE that provide workers effective protection. The company provides PPE products under different brand names. Some of its brands include 3M E-A-R, 3M PELTOR, PROTECTA, and DBI-SALA. In 2015, the company invested around US$4 billion in acquisitions. It has acquired companies such as include Capital Safety and Aearo Technologies Inc., to better manage its PPE operations in various regions across the globe.
Some key products – Protective gear for eyes and faces, Protective communications, Protective clothing, Welding safety, etc.
DUPONT
Dupont is a global leader in manufacturing PPE products that are durable and comfortable. Some of the company’s brands include Tyvek protective apparel, Kevlar, Tychem, and Nomex. Dupont’s Tyvek and Tychem protective clothing offer safe, reliable, and lightweight protection against chemical and infective agents.
Some key products – Body protection products, Protective gear for faces, Cut protection equipment, Flame resistant clothing, etc.
MSA Safety
MSA Safety, also known as Mine Safety Appliances, offers products that are manufactured using advanced material and incorporated with electronic and mechanical systems. The company invests heavily in research and engineering to provide safety solutions for its clients. Some of its brands include RIGHT and V-Gard.
Some key products – Air respirators, Protective gear for faces, Protective gear for heads, Protective gear for hands, etc.
Ansell
Ansell is a global leader in designing, developing, and manufacturing high-quality and comfortable PPE products for industrial workers. The company invests in technologies to provide well-designed and comfortable products to its clients worldwide. Some of its brands include Micogard, AlphaTec, Trellchem. and TouchNTuff.
Some key products – Hand and arm protection, Protective gear for feet, Body protection products, Protective gear for hands, etc.
A more detailed analysis is available in the procurement market intelligence report titled, ‘MRO-PPE – Procurement Market Intelligence Report 2016’.
