What Does the Historical and Current Hand Protection Equipment Market Size Trend Indicate?
The hand protection equipment market has seen considerable growth due to a variety of factors.
• In the past few years, the hand protection equipment market has shown significant growth. The market, which is set to increase from $34.39 billion in 2024 to $37.09 billion in 2025, will do so at a compound annual growth rate (CAGR) of 7.9%.
The upward trend observed in the historical period is due to factors such as occupational safety regulations, industrial expansion, awareness of worker safety, health sector development, and the rise in chemical and biological hazards.
How Will the Hand Protection Equipment Market Size Evolve over the Forecast Period?
The hand protection equipment market is expected to maintain its strong growth trajectory in upcoming years.
• It is predicted that the hand protection equipment market will witness a swift growth expansion over the ensuing years, with an expected valuation of $56.9 billion by 2029. This growth corresponds to a compound annual growth rate (CAGR) of 11.3%.
Factors contributing to this projected expansion during the forecast period include the usage of sustainable materials, augmented healthcare expenditure, global supply chain factors, safety measures for remote workers, and tailor-made solutions. The forecast period will also see significant trends such as a heightened demand for disposable gloves, ergonomically designed products, progressive materials and technologies, smart gloves and wearable technology, and custom fit and sizing solutions.
What Factors Are Driving Growth In The Hand Protection Equipment Market?
The hand protection equipment market continues to grow due to rising awareness on health and safety protocols. Utilizing these safety measures can mitigate numerous hazards that can compromise the health and well-being of the hands and arms during work operations. Both corporate policies and government regulations put emphasis on ensuring employee safety and health, aiming to reduce any work-related risks at their root cause, through technical or organizational strategies. For instance, the National Irish Safety Organisation (NISO), a voluntary body from Ireland advocating for health and safety, launched a free brief online course about chemical safety in the workplace in July 2023, through its e-learning platform. This platform, under the guidance of the Health and Safety Authority (HSA), designed the training course for workers, managers, and safety proponents in industries that handle chemicals. The brief 30-minute introductory lectures are designed to give learners a concise, free, and crucial introduction to identifying and dealing with hazardous substances in the workplace. Thus, rising consciousness around health and safety protocols is fuelling the expansion of the hand protection equipment market.
What Are The Main Segments Of The Global Hand Protection Equipment Market?
The hand protection equipment market covered in this report is segmented –
1) By Hand Protection: Durable Gloves, Disposable Gloves
2) By Material Type: Natural Rubber Gloves Or Latex, Nitrile Gloves, Vinyl Gloves, Other Material Types
3) By End-User Industry: Healthcare, Industrial Safety And Chemical, Construction, Automotive, Other End-Users
Subsegments:
1) By Durable Gloves: Leather Gloves, Cut-Resistant Gloves, Chemical-Resistant Gloves, Thermal Gloves
2) By Disposable Gloves: Latex Gloves, Nitrile Gloves, Vinyl Gloves, Polyethylene Gloves
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What Emerging Trends Are Influencing The Growth Of The Hand Protection Equipment Market?
The trend of growing production capabilities is becoming significant in the hand protection equipment sector. There is an effort by companies to increase their manufacturing capacity to cope with the sudden increase in the requirement for gloves from medical consumers. Moreover, supply chain disturbances during the ongoing COVID-19 crisis have necessitated the establishment of adequate domestic manufacturing abilities for critical products like medical apparatus, PPE, and various others by governments worldwide. For instance, in February 2022, SHOWA Group, an American PPE hand protection manufacturer for medical and industrial applications, tripled their manufacturing output to meet the escalating demand for American-made gloves from governmental and industrial sectors. It is anticipated that with the two additional production centers, the firm would be able to boost hand glove production to 1.2 billion units by the close of 2022, and 2.8 billion by the completion of the facility development. In March 2020, Hartalega, a company based in Malaysia adept at producing gloves for healthcare workers, acquired 38.49 hectares of land in Sepang. The purchase is supposed to assist the company in incrementally enhancing its ability to meet the progressively growing worldwide demand for gloves.
Who Are the Key Players in the Hand Protection Equipment Market?
Major companies operating in the hand protection equipment market include:
• Top Glove Corporation Bhd
• Hartalega Holdings Berhad
• Honeywell International Inc.
• 3M Company
• Alpha Pro Tech Ltd.
• Halyard Health Inc.
• Medline Industries Inc.
• Cardinal Health Inc.
• Kossan Rubber Industries Bhd
• Globus Ltd.
• Ansell Limited
• E. I. du Pont de Nemours and Company
• Mallcom Limited
• MSA Safety Incorporated
• Radians Inc.
• Rock Fall Ltd.
• Kimberly-Clark Corporation
• Lakeland Industries Inc.
• Delta Plus Group
• Protective Industrial Products Inc.
• Showa Group
• Towa Corporation
• COFRA Holding AG
• Ejendals AB
• Rubberex Corporation (M) Berhad
• Joseph Leslie & Co. LLP
• MCR Safety
• Atlantic Safety Products Inc.
What Is The Most Dominant Region In The Hand Protection Equipment Market?
North America was the largest region in the hand protection equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hand protection equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
