Transparency Market Research delivers key insights on the global industrial workwear market. In terms of revenue, the global industrial workwear market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global industrial workwear market report.
In this market report, TMR predicts the rapid growth of the industrial sector, along with a positive response toward safety of workers by the industrial sector across the globe to have a noteworthy impact on the overall industrial workwear market. The rising demand for safety products for workers coupled with stringent laws implemented by government bodies to ensure the overall safety of employees in order to avoid risks in industrial premises while working is a factor bolstering the growth of the industrial workwear market.
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The industrial workwear is defined as a type of safety apparel that helps end users to stay protected from the risks associated with several fatalities and industrial hazards caused from toxic chemicals, flame, oil, and microbes. These apparels are also known as specialty workwear or functional workwear, which safeguards the wearer from the several hazards associated with the workplace. Industrial workwear also helps to convey a sense of professionalism and dignity.
Key manufacturers of industrial workwear continuously focus on investments in research & development to introduce innovative solutions. Prominent players of industrial workwear are engaging with their clients by offering them customized solutions. Likewise, the introduction of cost effective innovative solutions and advanced technology has forced manufacturers to focus on research and development to provide innovative products to the users. The increasing participation of women across various industries is anticipated to further drive the industrial workwear market in the upcoming years.
The increased pace of industrialization in emerging economies has been driving the adoption of industrial workwear. Emerging economies such as India, China, and Brazil are witnessing increasing industrialization to improve manpower productivity due to rising population and reduction on dependence on the agriculture industry. The industrialization in emerging countries has resulted in a shift from agriculture to manufacturing industries. This has opened doors for several global players to establish plants in these countries. The emergence of the manufacturing sector in China helped utilize surplus labor. This has influenced the manufacturing sector to opt for industrial workwear over the past few years in workplaces.
Industrial Workwear Market: Segmentation
In terms of type, the industrial workwear market has been segmented into top wear, bottom wear, footwear, and overall. In recent years, top wear is highly preferred by users in the industrial sector to fulfill the basic safety requirement. However, rising awareness and compulsion of usage of footwear and bottom wear is also encouraging the growth of the market in recent years.
Based on application, the industrial workwear market has been categorized into flame & heat resistant, electric protection, electric arc protection, chemical protection, cut protection, high visibility, and others. The chemical protection segment is impacted by rising chemical, processing, and other critical handling sectors. In terms of fit type, increase in working age population coupled with rise in women’s participation across various industries is likely to promote the sale of industrial workwear in men and women segments. In addition, food processing, construction, manufacturing, and oil & gas segments are also driving the sales of industrial workwear.
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Geographically, North America led the industrial workwear market in 2020, and the region is expected to retain its dominance during the forecast period. The rising preference for industrial workwear in developed countries such as the U.S. and Canada is encouraging the growth of the market. Apart from North America, Asia Pacific also significantly contributes to the growth of the global industrial workwear market. China, Japan, and India are considered major markets for industrial workwear in Asia Pacific. In addition, the implementation of stringent laws and regulations, along with awareness about the usage of safety products among workers is promoting sales in the industrial workwear market.
Industrial Workwear Market: Key Players
The competition landscape of the industrial workwear market is moderately fragmented with leading players accounting for majority of the revenue share. Key players operating in the global industrial workwear market include 3M, Honeywell International Inc., VF Corporation, Ansell Ltd., Aramark Corporation, and Honeywell International Inc.
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