The industrial hand protection gloves market consists of numerous types of gloves that are designed to protect hands from dangers such as cuts, burns, chemicals, vibration, electricity and other occupational hazards. Cut-resistant gloves are commonly used in industries involving metal fabrication and glass handling while chemical-resistant gloves protect hands from corrosive liquids and gases in industries such as oil and gas, chemical, healthcare and automotive. The need for hand protection arises in various industries due to risk of hand injuries from sharp objects, extreme temperatures, chemicals and electricity. Protective gloves act as the first line of defense against such occupational hazards.
The Global Industrial Hand Protection Gloves Market Size is estimated to be valued at US$ 16360.51 billion in 2024 and is expected to exhibit a CAGR of 13.% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Industrial Hand Protection Gloves are EcoFlow Tech, Goal Zero, Renogy, Anker Innovations Limited, BioLite Inc., Nekteck Inc., Suaoki, X-DRAGON, ALLPOWERS, RAVPower, BigBlue, SunPower Corporation, Powertraveller International Ltd, Yingli Green Energy Holding Company Limited, Kingsolar. These players are focusing on offering innovative gloves using advanced materials to provide higher cut and abrasion resistance for industries with hazardous working environments such as oil and gas, automotive, and construction.
The industrial hand protection gloves market offers significant opportunities for manufacturers due to various regulations mandating the use of gloves across industries to ensure employee safety. Rising industrialization in developing nations will further drive the demand for safety gloves.
Key players have been expanding their global presence through partnerships and new product launches to capitalize on increasing worldwide demand for protective gloves. The growing economies in Asia Pacific and Middle East regions with large industrial bases present lucrative growth prospects.
Market Drivers
Stringent employee safety regulations across core industries mandate the use of protective handgear. Non-compliance can result in heavy penalties which compel industries to provide suitable gloves to workers. This acts as a key driver for industrial hand protection market.
Increasing instances of hand injuries in industrial settings exert mounting pressure on companies to prioritize employee safety through provision of appropriate gloves. Rising awareness about dangers of workplace hazards also drives the adoption of protective handwear.
Market Restraints
High prices of specialized gloves designed for hazardous environments limit their widespread adoption, especially in cost-sensitive small and medium industries in developing regions. This serves as a major restraint.
Frequent replacement requirement of gloves due to damage and wear-and-tear adds to the overall cost of ownership. This discourages procurement of protection gloves in low budget settings.
Segment Analysis
This industrial hand protection gloves market can be segmented based on material, type, application and end-use industry. The leather gloves segment currently dominates the market owing to their durability and resistance to cuts and abrasions. Leather gloves are suitable for heavy-duty applications in industries like automotive, oil & gas, construction etc. where workers are exposed to risks of cuts, burns and impacts. The synthetic gloves segment is expected grow at a higher CAGR during the forecast period due to their water resistance and breathability properties which make them ideal for usage in food and pharmaceutical industries.
Global Analysis
The Europe region currently dominates the industrial hand protection gloves market owing to stringent worker safety regulations and a large number of manufacturing establishments in countries like Germany, UK, France etc. The growing construction activities along with recovery of the automotive sector post pandemic has been driving the demand for gloves in Europe. Asia Pacific region is expected to grow at the fastest rate during the forecast period due to growth of manufacturing industries in developing economies of China, India and Southeast Asian countries.
Get More Insights On This Topic: Industrial Hand Protection Gloves Market
Comments
0 comment