NEWARK, Del, June 25, 2024 (GLOBE NEWSWIRE) -- The global industrial safety gloves market size is estimated to be valued at USD 8.7 billion in 2024. Global sales of safety gloves are set to total USD 13.5 billion by the end of the forecast year. This growth of the industrial safety gloves industry is pushed by rapid industrialization in emerging economies. The industry is projected to witness a CAGR of 4.5% in the estimated period.
Demand for industrial safety gloves is driven by increasing worker safety regulations worldwide. The sector is becoming niche-specific, with manufacturers developing gloves made from various materials like Kevlar, nitrile, and cut-resistant fibres. Technological advancements are enhancing dexterity, protection, and comfort. Sustainability is also a growing trend, with manufacturers striving to create eco-friendly gloves.
In Asia Pacific, India is expected to dominate the market with a CAGR of 6.7% through 2034. This demand is attributed to rapid industrialization in the country, thereby pushing the demand for industrial safety gloves.
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Industrial Safety Gloves Market – the Key to Combat Industrial Operational Challenges
Automation – the Key to Combat Industrial Operational Challenges – Expected to Restrict Demand for Industrial Safety Gloves
With bolstering adoption of automation across industrial verticals, robots are briskly substituting manpower more prominently in the manufacturing sector. As major manufacturing companies continue to embrace automation riding on the state-of-the art technologies, it is most likely that they deliver improved operational efficiency with maximum accuracy.
The advent of such technologies is being perceived as a highly influential factor limiting the adoption of personal workplace safety equipment such as industrial safety gloves in the near future.
The recently announced world’s first-ever AR (Augmented Reality) Management Platform for Industrial Enterprises (by Atheer Inc) is expected to enable hands-free mode of operation through AR devices, which will readily eliminate the need for equipment such as industrial safety gloves at manufacturing facilities.
Key Takeaways from the Market Report
- The global industrial safety gloves market is set to reach USD 13.5 billion by 2034, with a CAGR of 4.5%.
- Based on product type, the disposable gloves segment is set to hold a market share of 32.1% in 2024.
- By end-use industry, construction is leading with a value share of 22.8% in 2024.
- India is anticipated to record a dominant CAGR of 6.7% between 2024 and 2034.
- Sales in Spain are estimated to spike at a CAGR of 3.4% by 2034.
“The industrial safety gloves market is experiencing rapid growth owing to several applications in the booming end-use sectors across the globe,” says a Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)
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Who is winning?
Key players in the industry, including 3M, Ansell, Honeywell, Top Glove, and Radians, are focusing on innovation and specialized gloves for specific industries. There is an increasing focus on using advanced materials and designs to create ergonomic gloves that reduce hand fatigue and improve work compliance.
Emerging economies are experiencing industrial growth, leading to a surge in demand for safety gloves. Companies must integrate smart technologies, ergonomic designs, and user experience to stay competitive.
Expanding audience reach will be essential in this competitive marketplace. Enterprises can, hence, target small enterprises or individual consumers by showcasing new products on social media platforms and e-commerce sites.
Industry Updates
- Greenknight, headquartered in Derbyshire, in May 2024, launched CT 1081NM, a sustainable cut-resistant glove that gives a second life to polyester.
- Kimberly-Clark Professional, headquartered in Georgia, in January 2024, introduced Kimtech Polaris Nitrile Gloves, designed to meet the needs of scientists working in challenging environments.
Industrial Safety Gloves Market Players
- 3M Company
- Ansell Limited
- Honeywell International Inc.
- Top Glove Corporation Bhd
- Radians
- Bunzl Plc
- Delta Plus Group
- The Glove Company
- Uvex Group
- Showa Glove Co.
Key Segments of Market Report
By Product Type:
Based on product type, the sector is divided into leather, aluminized, aramid, disposable, synthetic, metal mash, fabric, coated fabric, chemical protective, and rubber-insulating gloves.
By End-user:
By end-user, the sector is segmented into manufacturing, construction, oil and gas, transportation, pharmaceuticals, chemicals, food, mining, agriculture, and defense and maritime.
By Region:
The industrial safety gloves industry is spread across North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe, and the Middle East and Africa.
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About Future Market Insights – Industrial Automation
The Industrial Automation division of Future Market Insights offers a novel approach and innovative perspective in analyzing the industrial automation domain. Comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery across the manufacturing sector and distinctive analysis of the installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.
Authored By
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
Have a Look at Related Research Reports on Industrial Automation
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