Industrial hand protection gloves are used to protect hands from injuries, cuts, burns, skin damage, dermatitis, chemicals and infection during industrial work. Such gloves are made up of various materials including rubber, leather, fabric, metal and plastics depending on the required protection, grip and cost. They are extensively used across various industries including automotive, chemical, construction, healthcare, food, oil & gas and manufacturing.
The global Industrial Hand Protection Gloves Market is estimated to be valued at Us$ 14,201.83 Mn in 2023 and is expected to exhibit a CAGR Of 13% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
One of the key drivers behind the growth of the industrial hand protection gloves market is the stringent worker safety regulations imposed by governments and industrial safety organizations across the world. Prolonged exposure to chemical, physical and biological hazards at workplaces can cause severe injuries and disorders to workers. Hence, many countries have made the use of protective gloves mandatory for high-risk jobs and operations involving chemicals, sharp objects, heat and electricity. This has boosted the demand for protective gloves in recent years. Further, growing industrialization in emerging economies and increasing investments into infrastructure and manufacturing sectors are also fueling the adoption of industrial gloves worldwide. However, availability of low-cost alternatives continues to hinder the overall market growth to some extent.
SWOT Analysis
Strength: Industrial hand protection gloves provide safety and protection for hands against hazards at workplaces. Cut- and abrasion-resistant gloves allow workers to perform tasks with ease and without risks of injuries. Certain gloves made with advanced materials provide high dexterity along with protection.
Weakness: Heavy-duty industrial gloves can reduce tactility and sensitivity of hands which may hamper precise tasks. Frequent changing of gloves increases operational costs for businesses. Poor quality gloves tear or wear out easily defeating the purpose of safety.
Opportunity: Growing awareness about hand safety among employees and compliance with regulations will boost demand. New industries and expanding manufacturing sectors needing on-site safety gear are opportunities. Innovation of gloves with improved features catering to unique trade requirements can capture new market segments.
Threats: Economic slowdowns may negatively impact discretionary spending of businesses on safety supplies. Stiff competition from local producers can challenge established brands. Trade wars and global supply chain disruptions pose threats. ChangingWorker preferences for stylish gloves over functional ones is also a challenge.
Key Takeaways
The Global Industrial Hand Protection Gloves Market Demand is expected to witness high growth.
Regional analysis:
Asia Pacific region currently dominates the market owing to rising industrial activities,presence of key players and growing safety standards. China, India, Japan and South Korea are rapidly growing markets. North America and Europe are other major regional markets however Asia Pacific is poised to witness highest growth
Key players :
Key players operating in the Industrial Hand Protection Gloves market 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.
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