The global Hand Protection Equipment market size is expected to be worth around US$ 40.6 billion by 2030, according to a new report by Vision Research Reports.
The global Hand Protection Equipment market size was valued at US$ 25.8 billion in 2020 and is anticipated to grow at a CAGR of 7.7% during forecast period 2021 to 2030.
Report Coverage
Report Scope | Details |
Market Size | US$ 40.6 Billion by 2030 |
Growth Rate | CAGR of 7.7% From 2021 to 2030 |
Base Year | 2021 |
Forecast Period | 2021 to 2030 |
Segments Covered | Product, Raw Material, End use |
Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Companies Mentioned | Top Glove Corporation Bhd; Hartalega Holdings Berhad; Superior Gloves; Adenna LLC; MCR Safety; Atlantic Safety Products, Inc.; Ammex Corporation; Kimberly-Clark Corporation; Sempermed USA, Inc.; Halyard Health, Inc.; Medline Industries, Inc.; Cardinal Health; Kossan Rubber Industries Bhd; Globus (Shetland) Ltd. |
Growth Factors
The rising awareness among industry participants pertaining to the importance of worker security and safety at workplaces on account of the stringent regulations is expected to drive the market.
Companies have established safety guidelines and prioritized worker safety to reduce workplace hazards, thereby limiting the adverse impact on the overall operational costs in the form of arbitrated settlements or compensation. The demand for hand protection equipment in the healthcare sector is witnessing growth with the rising prevalence of infectious diseases.
Increasing awareness about the safety and health measures related to emergency response occurrences coupled with the treatment of patients is anticipated to augment the demand for hand protection equipment in the healthcare sector. Moreover, risks associated with on-the-job transmission of blood-borne pathogens have the increased adoption of hand protection.
By Product Analysis
The durable gloves segment led the market and accounted for the largest revenue share of 56.5% in 2020. Durable gloves are used in the manufacturing industry to avoid injuries that may arise due to cuts, abrasions, burns, and chemicals.
The growth in the manufacturing, pharmaceutical, chemical, and construction industry is expected to augment the product demand over the forecast period. period.
Disposable gloves are estimated to witness a CAGR of 7.9% from 2019 to 2030, in terms of revenue. Disposable gloves are majorly used in the food and healthcare industries to provide protection and prevent cross-infection between patients and caregivers.
Disposable gloves are estimated to witness a CAGR of 7.9% from 2019 to 2030, in terms of revenue. Disposable gloves are majorly used in the food and healthcare industries to provide protection and prevent cross-infection between patients and caregivers.
By End-use Analysis
Healthcare led the market and accounted for the largest revenue share of 38.0% in 2020. Hand protection equipment for healthcare workers is important to fight against the novel coronavirus.
Employees working in the pharmaceutical industry face various on-the-job hazards as they come in contact with biological agents, chemical substances, and drugs. Hand protection equipment required by workers includes protection against liquid pressurized chemicals, hazardous and non-hazardous particles, and liquid aerosol.
The food industry is mainly dependent on hygiene and quality control on account of which the demand for hand protection equipment in the industry is expected to grow over the forecast period.
By Raw Material Analysis
The natural rubber segment dominated the market and accounted for 38.0% of the global revenue in 2020. Hand protection equipment, made from natural rubber is tactile, resulting in their increased preference in sensitive applications, such as medical procedures and surgeries.
Vinyl gloves are highly cost-effective as compared to latex and nitrile gloves. Owing to their low price, vinyl gloves have gained significance in the medical and healthcare sectors, especially for examination applications.
The demand for neoprene gloves is expected to witness a CAGR of 8.4% from 2019 to 2030. Neoprene gloves are incredibly resistant to stretching, allowing for a snug fit as compared to latex and nitrile gloves.
Nitrile gloves offer high puncture resistance, excellent barrier protection, and durability owing to which they are preferred in environments where exposure to blood-borne pathogens and other contaminants is a primary concern. Moreover, they ensure good comfort and fit owing to their high elasticity and memory.
By Regional Analysis
Europe led the market and accounted for over 32.0% of the global revenue in 2020. A rising number of occupational injuries combined with increasing requirement for highly effective hand protection equipment in the majority of core industries such as food and beverage, metal manufacturing, oil and gas, automotive, and chemical is expected to augment hand protection equipment penetration in the region over the forecast period.
North America is anticipated to drive the demand for hand protection equipment over the forecast period. In addition, post the COVID-19 pandemic, government authorities are expected to heavily invest in healthcare infrastructure, which is expected to have a positive impact on market growth over the coming years.
Key Players
Top Glove Corporation Bhd
Hartalega Holdings Berhad
Superior Gloves
Adenna LLC
MCR Safety
Atlantic Safety Products, Inc.
Ammex Corporation
Kimberly-Clark Corporation
Sempermed USA, Inc.
Halyard Health, Inc.
Medline Industries, Inc.
Cardinal Health
Kossan Rubber Industries Bhd
Globus (Shetland) Ltd.
Market Segmentation
By Product
Disposable
Durable
By Raw Material
Natural rubber/latex
Nitrile gloves
Neoprene
Vinyl gloves
Others
By End-use
Construction
Manufacturing
Oil & Gas
Chemicals
Food
Pharmaceuticals
Healthcare
Transportation
Mining
Others
Regional
North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Russia
Spain
U.K.
Asia Pacific
Australia
China
India
Japan
South Korea
Central & South America
Argentina
Brazil
Middle East & Africa
Saudi Arabia
South Africa
UAE
The Hand Protection Equipment market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Hand Protection Equipment market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Hand Protection Equipment market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Hand Protection Equipment market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Hand Protection Equipment market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Hand Protection Equipment capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Hand Protection Equipment by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Hand Protection Equipment market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Hand Protection Equipment market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Hand Protection Equipment market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Hand Protection Equipment industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Hand Protection Equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Hand Protection Equipment market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Hand Protection Equipment market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Hand Protection Equipment market. These factors have benefited the growth of the global market for Hand Protection Equipment. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Hand Protection Equipment. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Hand Protection Equipment are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Hand Protection Equipment Market, By Product
7.1. Hand Protection Equipment Market, by Product, 2021-2030
7.1.1. Disposable
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Durable
7.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Hand Protection Equipment Market, By Raw Material
8.1. Hand Protection Equipment Market, by Raw Material, 2021-2030
8.1.1. Natural rubber/latex
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Nitrile gloves
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Neoprene
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Vinyl gloves
8.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Hand Protection Equipment Market, By End User
9.1. Hand Protection Equipment Market, by End User, 2021-2030
9.1.1. Construction
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Manufacturing
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Oil & Gas
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Chemicals
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Food
9.1.5.1. Market Revenue and Forecast (2017-2030)
9.1.6. Pharmaceuticals
9.1.6.1. Market Revenue and Forecast (2017-2030)
9.1.7. Healthcare
9.1.7.1. Market Revenue and Forecast (2017-2030)
9.1.8. Transportation
9.1.8.1. Market Revenue and Forecast (2017-2030)
9.1.9. Mining
9.1.9.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Hand Protection Equipment Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.2. Market Revenue and Forecast, by Raw Material (2017-2030)
10.1.3. Market Revenue and Forecast, by End User (2017-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Raw Material (2017-2030)
10.1.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.5.2. Market Revenue and Forecast, by Raw Material (2017-2030)
10.1.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.2. Market Revenue and Forecast, by Raw Material (2017-2030)
10.2.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Raw Material (2017-2030)
10.2.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Raw Material (2017-2030)
10.2.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Raw Material (2017-2030)
10.2.6.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.7.2. Market Revenue and Forecast, by Raw Material (2017-2030)
10.2.7.3. Market Revenue and Forecast, by End User (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.2. Market Revenue and Forecast, by Raw Material (2017-2030)
10.3.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Raw Material (2017-2030)
10.3.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Raw Material (2017-2030)
10.3.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Raw Material (2017-2030)
10.3.6.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.7.2. Market Revenue and Forecast, by Raw Material (2017-2030)
10.3.7.3. Market Revenue and Forecast, by End User (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.2. Market Revenue and Forecast, by Raw Material (2017-2030)
10.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Raw Material (2017-2030)
10.4.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Raw Material (2017-2030)
10.4.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Raw Material (2017-2030)
10.4.6.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.7.2. Market Revenue and Forecast, by Raw Material (2017-2030)
10.4.7.3. Market Revenue and Forecast, by End User (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.2. Market Revenue and Forecast, by Raw Material (2017-2030)
10.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Raw Material (2017-2030)
10.5.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.5.2. Market Revenue and Forecast, by Raw Material (2017-2030)
10.5.5.3. Market Revenue and Forecast, by End User (2017-2030)
Chapter 11. Company Profiles
11.1. Top Glove Corporation Bhd
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Hartalega Holdings Berhad
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Superior Gloves
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Adenna LLC
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. MCR Safety
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Atlantic Safety Products, Inc.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Ammex Corporation
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Kimberly-Clark Corporation
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Sempermed USA, Inc.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Halyard Health, Inc.
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms