Research Report: Global Advanced Protective Gear and Armour Market | Page 2

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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