Europe dominates PPE sales; North America is number two
The global personal protective equipment market is expected to reach $68.69 billion by 2024, according to a new report by Grand View Research, Inc. Rising awareness toward worker health and safety along with increasing industrial fatalities in the rising economies of India, Vietnam, and China owing to lack of protective gear is anticipated to drive the global market over the forecast period.
Technological innovation, coupled with shifting consumer preference towards protective equipment which combines fashion with safety is further estimated to drive market expansion. Executive management in industrial firms has been becoming proactive regarding employee health and safety. The stringent regulatory framework in economies such as the U.S. and the UK has been forcing companies to follow strict safety norms to avoid occupational hazards.