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Hand & Arm Protection Market size was valued at more than USD 14 billion in 2021. Driven by rising demand for automobiles due to shifting lifestyle choices, the industry is expected to grow at a 6.5% CAGR from 2022 to 2030.
The constantly expanding oil & gas industry is speculated to spur the demand for hand and arm protection gloves to protect workers against health hazards. Rapid industrialization is boosting the demand for oil and gas for varied end-use industries, thereby propelling the hand & arm PPE industry growth. For instance, the North American oil & gas contracts by volume in December 2021 were around 79 and this number is anticipated to grow immensely in the years to come with the constant increase in demand for oil from diverse sectors.
Moreover, government efforts to maintain workers’ safety in hazardous industries are set to foster the market outlook. Recently, during the COVID-19 outbreak, companies supported the government in curtailing the spread of coronavirus by supplying protective gloves and PPE kits to prevent exposure to the virus. For instance, in March 2020, Semperit AG Holding, an Austrian polymer and plastic products manufacturer, supported the Austrian government with its Glove-liner initiative by delivering 60 million protective gloves for medical personnel in the country.
Report Attribute | Details |
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Base Year: | 2021 |
Hand & Arm Protection Market Size in 2021: | 14.10 Billion (USD) |
Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 6.5% |
2030 Value Projection: | 25.35 Billion (USD) |
Historical Data for: | 2017 to 2021 |
No. of Pages: | 280 |
Tables, Charts & Figures: | 347 |
Segments covered: | Material, Application, End-Use, Sales Channel |
Growth Drivers: |
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Pitfalls & Challenges: |
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Low quality and duplication of products are restraining the hand & arm PPE market growth. A wide range of counterfeit gloves available across the globe is hindering business expansion. These low condition & duplicate products are hampering the consumption of high-quality hand and arm protection gloves. Nonetheless, companies from the industrial and medical sectors are engaging in organic partnerships with industry players to develop efficient products, which is set to help them overcome this issue.
In terms of material, the hand & arm protection market is categorized into chemical & liquid-resistant gloves, leather, canvas or metal mesh gloves, fabric & coated fabric gloves, and special insulated gloves. The leather, canvas or metal mesh gloves segment is projected to reach more than USD 12.5 billion in revenue by 2030 as they offer high protection against cuts in production processes, such as sheet metal cutting and food processing, which is augmenting product demand.
With respect to sales channels, hand & arm protection market is divided into retail and industrial MRO. Retail segment is estimated to register a valuation of over USD 5 billion by the end of 2030. The segment growth is attributed to extensive product offerings through online platforms on account of convenience, coupled with increased market penetration.
In terms of application, hand & arm protection market is segregated into cut-resistant gloves, insulated gloves, chemical resistant gloves, anti-vibration gloves, disposable gloves, multi-purpose, electrically insulated gloves, and puncture resistant gloves. The cut-resistant gloves segment was valued at more than USD 2.5 billion in 2021 and is further poised to depict around 6% growth rate over 2022-2030. The growth of the segment is attributed to the significant penetration of cut-resistant gloves for handling sharp?edged objects and glass or scrap metal in the food and manufacturing industries.
Based on end-use, hand & arm protection market is classified into construction, manufacturing, oil & gas, chemical, food, pharmaceuticals, transportation, mining, and others. The construction end-use segment is estimated to be worth over USD 4 billion by 2030. Surging occurrences of accidents in the construction industry due to hazards caused by chemical, electrical, and heavy & sharp objects are likely to propel the need for hand and arm protection gloves in the construction sector.
Hand & arm protection market is segmented into Europe, Asia Pacific, North America, the Middle East & Africa, and Latin America. The North America market valuation is expected to exceed USD 11 billion by 2030. The proliferating construction industry, along with changing consumer preferences, is anticipated to bolster the demand for hand and arm protection gloves over the next 8 years.
are some of the key hand & arm protection market players. These companies majorly focus on strategic partnerships and acquisitions as well as introducing new product lines, to strengthen their market position.
Th COVID-19 pandemic positively influenced the penetration of hand and arm protection gloves. As there was an urgent need for PPE and protective gloves for curbing the spread of coronavirus, many companies sponsored the deployment of medical disposable gloves. To cite an instance, in May 2020, Superior Glove, a Canadian glove manufacturer, donated disposable gloves to small businesses in need, including hospitals and care facilities. Burgeoning demand for protective gloves impelled the utilization of these gloves in other industries, such as chemical, automotive, and food processing industries, thereby increasing overall product uptake in recent years.
The Hand & Arm Protection Market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Million Units and revenue in USD Million from 2017 to 2030 for the following segments:
By Material
By Application
By End-Use
By Sales Channel
The above information is provided on a regional and country basis for the following: