Dublin, Nov. 22, 2023 (GLOBE NEWSWIRE) -- The "Workwear Market Forecast to 2028 - Global Analysis By Product Type, Category, End Use, Distribution Channel, and Geography" report has been added to ResearchAndMarkets.com's offering.
The workwear market is on an upward trajectory, projected to hit US$ 45.74 billion by 2028 from a base of US$ 32.08 billion in 2022, growing at a CAGR of 6.1% from 2022 to 2028.
Workwear is personal protective equipment such as cloths, helmet, gowns, glasses and others which are used by workers to ensure safety while working. Good workwear helps to increase the productivity as workers feels safe and work more efficiently. Moreover, some industrial jobs demand for certain clothing and equipment for employees so as to make them feel safe and secure while performing critical industrial task. Over the past few years, some of the factors such as trending work attires, rising industrial safety concerns form radiation, heat, chemicals, and others depending on industry has surged the demand for workwear.
Based on end use, the workwear market is segmented into construction, oil & gas, chemicals, healthcare, and others. The construction segment accounted for the largest share of the workwear market in 2020. However, the healthcare segment is expected to register the highest CAGR during the forecast period. The healthcare industry is one of the prominent end users of workwear.
According to the 2021 report of the WHO, approximately 27 million men and women comprise the global nursing and midwifery workforce. There is a global shortage of workforce in the healthcare industry. Many healthcare centers are offering job opportunities. Hence, the rising need for a workforce in the healthcare sector, followed by extensive recruitment, is projected to fuel the demand for workwear. Since the COVID-19 pandemic, government regulatory bodies, such as World Health Organization (WHO) and the UN High Level Commission on Health Employment and Economic Growth (UHC), are focusing on investing in education and job creation in the healthcare sector to achieve improved health outcomes, global health security, and inclusive economic growth. Hence, the rising investment in healthcare workforces is driving the workwear market worldwide.
Based on region, the workwear market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM). In 2020, North America held the largest share of the workwear market, and Asia Pacific is estimated to register the fastest CAGR over the forecast period. The rising cases of occupational injuries, an increase in the number of surgeries and occupational deaths, high demand for safety apparel, growing expenditure on work safety by end users, such as oil & gas, food, automotive, and the presence of major market players are some of the prominent factors propelling the workwear market growth in North America.
In addition, stringent government regulations in the region regarding the safety of working professionals in factories and on sites, coupled with penalties for non-compliance with the standards, augmented the adoption of workwear. The rise in demand for industrial workwear, mainly from oil & gas, chemical, construction, healthcare, and other industries, is fueling the market growth in the region. Workers across these industries are exposed to various risks owing to the nature of the job or task. Therefore, these industries require functional and high-performance workwear, which endure such extremities at the workplace.
The key players operating in the workwear market include Carhartt, Inc.; Aramark; Alisco Group; Alexandra; 3M; A. LAFONT SAS; Fristads Kansas Group; Hultafors Group; and Lakeland Industries, Inc. These companies are focusing on new product launches and geographical expansions to meet the growing consumer demand worldwide.
Key Market Dynamics
Market Drivers
- Increase in Number of Industrial Accidents
- Introduction of Stringent Government Regulations
Market Restraints: Increased Adoption of Industrial Automation
Market Opportunities: Increasing Demand from Emerging Economies
Future Trends: Increasing Product Innovation with Latest Technologies
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 184 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $32.08 Billion |
| Forecasted Market Value (USD) by 2028 | $45.74 Billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Workwear Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinion
5. Workwear Market - Key Market Dynamics
6. Workwear - Global Market Analysis
6.1 Workwear Market Overview
6.2 Workwear Market -Revenue and Forecast to 2028 (US$ Mn)
6.3 Competitive Positioning - Key Market Players
7. Workwear Market Analysis - By Product Type
7.1 Overview
7.2 Workwear Market, By Product Type (2021 and 2028)
7.3 Topwear
7.4 Bottomwear
7.5 Coveralls
8. Workwear Market Analysis - By Category
8.1 Overview
8.2 Workwear Market, By Category (2021 and 2028)
8.3 Men
8.4 Women
8.5 Unisex
9. Workwear Market Analysis - By End Use
9.1 Overview
9.2 Workwear Market, By End Use (2021 and 2028)
9.3 Construction
9.4 Oil and Gas
9.5 Chemicals
9.6 Healthcare
10. Workwear Market Analysis - By Distribution Channel
10.1 Overview
10.2 Workwear Market, By End Use (2021 and 2028)
10.3 Wholesalers
10.4 Supermarkets and Hypermarkets
10.5 Specialty Stores
10.6 Online Platforms
11. Workwear Market - Geographic Analysis
12. Impact of COVID-19 Pandemic on Workwear Market
13. Industry Landscape
14. Company Profiles
- Carhartt,
- Aramark
- ALSICO
- Alexandra
- A. LAFONT
- 3M
- Fristads
- Honeywell International
- Hultafors Group
- Lakeland
For more information about this report visit https://www.researchandmarkets.com/r/j3f16n
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