Overview and Scope
Hand protection equipment is any equipment that is used to protect the user’s hands from potential injury or damage due to handling of chemicals or any physicals injury.
Sizing and Forecast
The hand protection equipment market size has grown strongly in recent years. It will grow from <b>$32.5 billion in 2023 to $35.3 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. </b> The growth in the historic period can be attributed to occupational safety regulations, increased industrial growth, worker safety awareness, growth of the healthcare sector, increased chemical and biological hazards.
The hand protection equipment market size is expected to see strong growth in the next few years. It will grow to <b>$51.34 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. </b> The growth in the forecast period can be attributed to sustainable materials, increasing healthcare spending, global supply chain considerations, remote work safety, customized solutions. Major trends in the forecast period include increased demand for disposable gloves, ergonomic design, advanced materials and technology, smart gloves and wearable technology, personalized fit and sizing.
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Segmentation & Regional Insights
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/Latex, Nitrile Gloves, Vinyl Gloves, Other Material Types
3) By End-User Industry: Healthcare, Industrial Safety & Chemical, Construction, Automotive, Other End-Users
<b>North America</b> was the largest region in the hand protection equipment market in 2023. <b>Asia-Pacific</b> 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.
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Major Driver Impacting Market Growth
The increasing awareness about the safety and health measures are propelling the growth of the hand protection equipment market. The proper use of safety measures prevents and reduces the variety of health, hands, and arms hazards that are exposed during the operational work. The stringent company policy and government regulation towards the safety and health of employees are safeguarded to eliminate workplace risks at the source, through technical or organizational means. For instance, in July 2023, according to National Irish Safety Organisation (NISO), an Ireland-based voluntary body dedicated to the promotion of health and safety, launched has launched a free short on-line course, on chemical safety in the workplace on its e-learning. This e-learning is launched guided by Health and Safety Authority (HSA). The training is designed for workers, managers, and safety advocates in any industry that uses chemicals. The 30-minute introductory lectures will provide learners with a short, free, and important primer on detecting and handling hazardous substances in the workplace. Therefore, the increasing awareness about safety and health measures is driving the growth of hand protection equipment.
Key Industry Players
Major companies operating in the hand protection equipment market include <b> 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, Bata Shoe Company Pvt. Ltd., COFRA Holding AG, Ejendals AB, Rubberex Corporation (M) Berhad, Jallatte Group, Joseph Leslie & Co. LLP, MCR Safety, Atlantic Safety Products Inc. </b>
The hand protection equipment market report table of contents includes:
1. Executive Summary
2. Hand Protection Equipment Market Characteristics
3. Hand Protection Equipment Market Trends And Strategies
4. Hand Protection Equipment Market – Macro Economic Scenario
5. Global Hand Protection Equipment Market Size and Growth
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26. South America Hand Protection Equipment Market
27. Brazil Hand Protection Equipment Market
28. Middle East Hand Protection Equipment Market
29. Africa Hand Protection Equipment Market
30. Hand Protection Equipment Market Competitive Landscape And Company Profiles
Top Major Players:
- Top Glove Corporation Bhd
- Hartalega Holdings Berhad
- Honeywell International Inc
- 3M Company
- Alpha Pro Tech Ltd
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