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Hand & Arm Protection (PPE) Market Size

Report ID: GMI5376
Published Date: Oct 2022
Report Format: PDF

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Hand & Arm Protection Market Size

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.

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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.

Hand & Arm Protection Market Report Attributes
Report Attribute	Details
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:	North America: Rapidly growing construction industry Asia Pacific: High penetration of manufacturing industry in the region Europe: Growing automobile industry
Pitfalls & Challenges:	Threat from low quality and duplicate products

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Significant presence of counterfeit products may restrain industry progression

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.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Global hand & arm PPE market size was valued at more than USD 14 billion in 2021 and is set to progress at around 6.5% CAGR over the next 8 years owing to the expanding oil & gas industry and the mounting demand for automobiles.

The cut-resistant gloves application segment is anticipated to exhibit a 6% CAGR through 2030 owing to the significant penetration of these gloves for handling sharp?edged objects and glass or scrap metal in the food and manufacturing industries.

The leather, canvas or metal mesh gloves material segment is poised to exceed a valuation of USD 12.5 billion by 2030 as a result of high resistance to cuts in processes, including sheet metal cutting & food processing.

The North America hand & arm protection industry is slated to be worth over USD 11 billion by 2030 on account of massive growth in the construction industry, along with changing consumer preferences in the region.