The global respiratory protective equipment (RPE) 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 global respiratory protective equipment (RPE) 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 protective equipment from the industrial workplaces.
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The expansion of transportation, construction, oil and gas, and textile industries in the Asia Pacific, particularly in China, Indonesia, India, and Vietnam, is creating lucrative opportunities for respiratory protective equipment (RPE) market growth.
In 2019, the Respiratory protective equipment accounted for approximately 11% of the global revenue for the protective gear market. The growing prevalence of infectious biological hazards such as Ebola Virus Disease (EVD), Middle East Respiratory Syndrome (MERS), and Severe Acute Respiratory Syndrome (SARS) are positively impacting the industry growth. Moreover, the recent coronavirus outbreak has led to unprecedented demand for protective gear from healthcare workers. The healthcare sector is generating the highest demand for the product, especially a full-face respirator in the current crisis. The escalating demand for personal protective equipment in hospitals will supplement the respiratory protective equipment (RPE) market share over the forecast period.
Further key findings from the report suggest
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- The escalating demand for masks, respirators, gloves, and protective gear amid the COVID-19 pandemic is positively impacting the Respiratory protective equipment market growth.
- Based on type, the Air Purifying Respirators (APRs) segment dominates the respiratory protective 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 protective 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.
The ongoing pandemic is significantly changing the dynamics of the pharma and healthcare sector. Various countries are facing challenges such as shortage of medicines, vaccines, healthcare devices in hospitals. This is expected to open lucrative growth opportunities for market players in the coming years.
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Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.
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.
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Respiratory Protective Equipment 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
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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