Hand & Arm PPE Market size is anticipated to surpass USD 25 billion in revenue by 2030, according to a new research report by Global Market Insights Inc.
Growing product penetration in the automotive industry and the expanding food sector as the chief drivers of the hand & arm protection industry. The escalating demand for electric vehicles due to surging disposable income across the world is bolstering the growth of the automotive sector. For instance, in 2021, Germany produced over 3 million cars. The increasing production and export of German cars in other parts of the world are further strengthening the regional automobile business, is supporting the progress of the global market expansion.
Protection against chemicals to increase fabric & coated fabric gloves segment share
With respect to material, study classifies the hand & arm PPE market into leather, canvas or metal mesh gloves, fabric & coated fabric gloves, chemical & liquid-resistant gloves, and special insulated gloves. The fabric and coated fabric gloves segment is foreseen to generate over USD 3.5 billion in revenue by 2030. These fabric and coated fabric gloves provide protection against moderately concentrated chemicals, which is fueling its demand from several end-use industries, including the construction sector and laboratories.
Availability of vast product range to push sales from industrial MRO channel
Heavy demand for industrial and protective gloves from the industrial MRO channel. Industrial MRO sales channel segment of the hand & arm personal protective equipment market is projected to depict around 6.5% CAGR between 2022 and 2030. The segment expansion is attributed to the easy availability of an extensive product range in a single place, which offers increased convenience for customers.
Soaring demand for protective gloves to boost chemical end-use segment expansion
Chemical end-use segment valuation is estimated to exceed USD 3 billion by 2030. Ongoing R&D projects focused on developing innovative products can require the handling of toxic chemicals that can be harmful to human health. Therefore, the increasing need for protective industrial gloves in these settings is poised to boost the hand & arm protection market revenue from the chemical segment.
Browse key industry insights spread across 280 pages with 324 market data tables & 23 figures & charts from the report, “Hand & Arm PPE Market Forecasts By Material (Leather, Canvas or Metal Mesh Gloves, Fabric and Coated Fabric Gloves, Chemical- and Liquid-Resistant Gloves, Special Insulated Gloves), Application (Cut-Resistant Gloves, Insulated Gloves, Chemical Resistant Gloves, Anti-Vibration Gloves, Disposable Gloves, Multi-Purpose, Electrically Insulated Gloves, Puncture Resistant Gloves), End-Use (Construction, Manufacturing, Oil & Gas, Chemical, Food, Pharmaceuticals, Transportation, Mining), Sales Channel (Retail, Industrial MRO), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2030”, in detail along with the table of contents:
Need for protection when operating power tools to augment anti-vibration gloves adoption
Deployment of protective gloves for anti-vibration applications in multiple industries is foreseen to remain high in the coming years. The hand & arm personal protective equipment market size from the anti-vibration gloves application segment is poised to garner more than USD 2 billion in revenue by 2030. The anti-vibration gloves are gaining popularity in the construction, mining, and manufacturing sectors for decreasing the effects of vibrations on the hands of workers while working with power tools, thereby amplifying segment revenue growth.
Europe hand & arm protection industry to benefit from surging product usage in chemical processes
Europe hand & arm PPE market was valued at over USD 3 billion in 2021. The region may emerge as a major revenue hub for this industry owing to prominent hazards associated with the chemical industry, such as burns and rashes while handling toxic chemicals. Moreover, driven by the presence of leading market players in the region, the European industry is slated to depict around 5.5% CAGR from 2022 to 2030.
Strategic collaborations to remain a pivotal growth strategy
Competitive landscape of the hand & arm PPE industry is expected to witness a series of collaborations and product innovation initiatives by industry players. For instance, in July 2021, Honeywell, an American aerospace products manufacturer, announced a strategic alliance with Premier, Inc., a technology-driven healthcare improvement company. The partnership was aimed at boosting the domestic production of nitrile exam gloves across the U.S. Some of the key hand & arm PPE market players profiled in the report include Stanley Black & Decker, Lakeland, Hercules SLR, 3M, MSA, Honeywell International Inc., Superior Glove, DuPont De Nemours, Ansell, and Protective Industrial Products, among others.