The Global Advanced Protective Gear and Armour Market is valued at USD XX. XX billion in 2016 and is expected to reach a value of USD XX. XX billion by the end of 2022, growing at a projected CAGR of 6 % during the forecast period of 2017 – 2022. Interest in the advanced protective clothing, gear and armor market has been consistently on the rise in the recent times due to numerous reasons. The primary driving factors of the phenomenal growth of the market are the emphasis being laid to reduce professional hazards and increase safety and protection of the workforce. Recent governmental policies and standards have re-instated the need for accountability in hazardous events or accidents at work sites. This has led corporates and multinationals to take initiatives by introducing Personal Protective Equipment( PPE) and clothing as part of the industry standard and norm.
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The protective gear and armor market is big, complex and fragmented. The current focus is on designing, manufacturing and production, rather than on supplying and distributing. Clearly, the market is yet to reach its optimum potential. The domain of advanced protective clothing and equipment is predominantly well-established in North America, with the U. S leading with a market worth of USD 4.8 billion in 2016. The U. S market for PPE is expected to reach a staggering figure of USD 5.9 billion in the next five years with a compounded annual growth rate( CAGR) of 4.4 %. Interestingly, more than 50 % of the global demand for PPE is specifically from North America.
The market can be segmented based on type, users( industrial and personal users), industry( military, commercial, industrial, science and technology, agriculture and forestry, domestic, utilities, etc.), nature of hazards( extreme cold or hot events, ballistic and mechanical, chemical, biological and radiation), material( kevlar, nomex, polymide, fiberglass, flame retardant cotton etc.) and geography.
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The report consists of a detailed account of the Personal Protective Equipment and clothing( PPEC) market, its size, share, volume, industry policy and standards, changing industry dynamics, innovation in technologies, fabrics, raw materials, Investment opportunities, future trends and projections. An in-depth analysis and quantitative assessment based on each product segment: primary( gear, armor, gloves, respirators and breathing sets, helmets,
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