Construction workers have been aware of the dangers on the job since the pyramids were being built. With technology and innovation, today’s safety gear is much better and more available than ever before. Many pieces of clothing, for example, can be made safer for use on the job and there are many pieces of fall protection and other hardware being made to make work safer.
The safety apparel market, including for construction use, is expected to grow by $8.92 billion, accelerating at a CAGR of almost 11% during the period 2021-2025 according to market research firm Technavio. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
Flourishing construction and manufacturing industries in Asia and the Pacific nations indicate a key trend in the industrial safety apparel market. However, the market is fragmented, and growth of the players depends on factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
One of the primary factors that will trigger the growth of the safety apparel market size is the high emphasis on customization and quality. Manufacturers are investing extensively on R&D to increase the adoption rate and effectiveness of workplace safety clothing. For example, chemical safety clothing must be highly durable, breathable, lightweight, and comfortable for the workers. Technological upgrades and improvements in product design and functionality by the safety clothing companies are expected to benefit the market growth during the forecast period.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. One of those is safety equipment designed for fall prevention.
According to Technavio, the global fall protection equipment market is projected to grow by $715.23 million, accelerating at a CAGR of almost 3.62% till 2025. A key driver that will boost this market is Increasing demand for fall protection equipment from the construction industry.
Original Article: https://constructech.com/wearing-safety/
