The global Respiratory Protection Equipment Market size is estimated to reach USD 10.37 Billion from USD 6.02 Billion in 2019, delivering a CAGR of 7.3% through 2027. The market growth is driven by the introduction of stringent regulatory policies pertaining to workplace safety. According to a report of National Statistics Health Safety Executives, nearly 12,000 workers die each year in the U.K., and 67% of the deaths are a result of high asbestos exposure. The safety standards set by the regulatory agencies like the OSHA (Occupational Safety and Health Administration), mainly in North America and Europe, are bolstering the demand for Respiratory Protection Equipment from the industrial workplaces.
Growing demand for respiratory protection equipment (RPE) is being driven by the rise of the Asia Pacific's oil and gas, textile, construction, and transportation sectors, particularly in China, Indonesia, India, and Vietnam.
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Further key findings from the report suggest
- The escalating demand for masks, respirators, gloves, and protective gear amid the COVID-19 pandemic is positively impacting the Respiratory Protection Equipment market growth.
- Based on type, the Air Purifying Respirators (APRs) segment dominates the Respiratory Protection Equipment market share and is set to witness a CAGR of 7.7% through 2027 on account of extensive usage of APRs by industrial workers for protection against noxious gases and vapors.
- On the basis of distribution channel, the retail sales segment is forecast to exhibit a notable growth rate of 7.7% over the analysis period.
- In terms of end-use, the oil and gas industry dominated the market revenue share in 2019. However, the healthcare pharmaceutical sector is estimated to witness the fastest growth rate of 8% through 2027. Moreover, an unprecedented demand for personal protective equipment due to the COVID-19 pandemic is further bolstering segmental growth.
- The APAC region is forecast to witness the fastest growth rate of 8.6% on account of the exponential growth of the textile sector, primarily in India and China.
- North America accounted for the second-largest share in the Respiratory Protection Equipment (RPE) market in 2019 and is set to witness a notable CAGR of 7.1% over the forecast period.
- Europe is forecast to register a substantial growth rate of 6.8% over the analysis period.
Competitive Outlook of the Global Respiratory Protection Equipment (RPE) Market
The globla Respiratory Protection Equipment (RPE) market study focuses on the revenue growth trajectories of the leading companies in this market. This section of the report throws light on the highly competitive landscape of the Respiratory Protection Equipment (RPE) market, pointing out the major players. The report further discusses the strategic initiatives undertaken by each of these market players, including mergers acquisitions, collaborations, joint ventures, new product launches, new business deals, and technological innovations.
Top Companies Profiled in the Report:
3M, Honeywell International, MSA Safety, Dragerwerk, Kimberly-Clark, Alpha Pro Tech, Avon Protection Systems, Jayco Safety Products, and Bullard, Gentex, among others.
Respiratory Protection Equipment (RPE) Market Segmentation:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Air-Purifying Respirators
- Supplied-Air Respirators
End-User Outlook (Revenue, USD Billion; 2017-2027)
- Healthcare Pharmaceuticals
- Defense Public Safety Services
- Oil Gas
- Mining
- Construction
- Others
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Direct/Institutional Sales
- Retail Sales
Key Regional Markets Covered in the Report:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, Spain, France, BENELUX, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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