Market Overview:
Industrial hand protection gloves provide grip and dexterity along with protection against abrasions, cuts, heat, chemicals and other hazards. They are commonly used in industries such as construction, chemical, automotive, oil & gas, food processing and healthcare. With the growing awareness about workplace safety, demand for snug fitting and comfortable hand protection gloves is rising globally.
Market Dynamics:
One of the key drivers for the industrial hand protection gloves market is the stringent regulations regarding worker safety across various industries. Regulatory bodies such as OSHA stipulate the use of protective hand gear for jobs involving exposure to hazards. Non-compliance can result in penalties and litigation risks for companies. Another major factor augmenting demand is the emergence of new applications such as handling of glass fiber, metals and waste requiring improved cut and puncture resistance. Growth in end-use industries such as construction, manufacturing and oil & gas due to industrialization and infrastructure development is also spurring market revenues. In addition, rising focus towards worker safety and well-being amid the COVID-19 pandemic has boosted the uptake of disposable gloves across multiple sectors.
Market Key Trends:
The Industrial Hand Protection Gloves market has been witnessing rising demand from construction and manufacturing industries. There has been an increased focus on workplace safety and prevention of hand injuries among industrial workers. Gloves provide effective protection against cuts, abrasions, burns, chemicals, extreme temperatures, and other hazards encountered on jobsites. Technological advances have led to the development of specialized gloves made of versatile materials suitable for diverse industrial applications. Cut-resistant and puncture-resistant gloves are gaining popularity in manufacturing. Anti-vibration gloves help reduce hand-arm vibration syndrome. Ergonomically designed and breathable gloves enhance performance and comfort.
SWOT Analysis:
Strengths: Cut, heat and chemical resistant properties make gloves suitable for harsh and hazardous industrial environments. Increased regulation regarding workplace safety boosts the glove market.
Weaknesses: Increased automation and use of robots in manufacturing can reduce demand from some industries. Bulkier gloves may hamper fine motor skills.
Opportunities: Growth of manufacturing and construction sectors in emerging nations presents an opportunity. Development of specialized gloves for new applications like handling of lithium-ion batteries.
Threats: Availability of cheaper alternatives from Asian markets poses pricing pressure. Economic slowdowns can negatively impact discretionary spending on safety gears.
Key Takeaways
The Global Industrial Hand Protection Gloves Market is expected to witness high growth, exhibiting CAGR of 11.20% over the forecast period, due to increasing awareness about hand injury prevention among workers and stringent workplace safety compliances.
Regionally, Asia Pacific dominates the global market and is expected to continue its dominance, supported by large manufacturing and construction industries in China, India, and other Southeast Asian countries. Countries like US and Germany account for a major share in North America and Europe respectively due to implementation of stringent worker safety regulations and presence of key players.
Key players operating in the Industrial Hand Protection Gloves market are Kossan Rubber Industries Bhd, Uvex Group, 3M Company, COFRA Srl, Hartalega Holdings Berhad, MCR Safety, Top Glove Corporation Berhad, Midas Safety Inc., Protective Industrial Products, Inc., Ansell Limited, Honeywell, Kimberly Clark Corporation, and Alpha Pro Tech Limited. Most key players are focusing on new product launches, expanding their regional presence and manufacturing capacity additions to capitalize on growth opportunities.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
