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Top Wear Segment of Industrial Workwear Market to Expand at CAGR of 3.0% betw 2019-27
6/19/2020
According to a new market report published by Industry Probe titled ‘Industrial Workwear Market (Product Type: Top Wear [Shirts, Sweatshirts, Jackets, Bibs, Caps, Rainwear, and Others], Bottom Wear [Trousers, Shorts, Rainwear, and Others], Overalls, and Footwear; End-use Industry: Oil & Gas, Construction, Manufacturing, Automotive, Chemicals, Hospitality, Logistics & Transportation, Mining, and Others; Fit Type: Men, Women, and Unisex; Distribution Channel: Online and Offline [Direct, Wholesaler, and Retailer]) – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027’, the global industrial workwear market was valued at US$ 2,,561.5.9 Mn in 2018, and is expected to expand at a CAGR of 3.2% from 2019 to 2027.
As per the report, global industrial workwear market is driven by presence of key players, and numerous small and medium players. Key manufacturers generally sell their products through large distributors. Top wear product type segment dominated the global industrial workwear market. The segment includes shirts, t-shirts, jackets, base layers, visibility clothing, vests, etc. Growing trend of using workwear as casual wear coupled with presence of wide range of product portfolio under top wear segment resulted in its high market share of approximately 48% in 2018 The segment is anticipated to grow at the rapid CAGR of 6.8% during the forecasted period. Bottom wear segment, which includes trousers, shorts, etc., is likely to expand at a substantial CAGR of 5.7% during the forecasted period.
The report states that in the past few years, there have been demographic changes, and rapid urbanization and industrialization. This has led to an increase in demand for industrial workwear. Moreover, awareness and regulations regarding the usage of industrial workwear in manufacturing, construction, and other end-use industries is driving the market. Industrial workwear reduce the risk of occupational injuries and keep employees safe from accidents. Additionally, they provide a safe environment to workers. Poor economic condition of countries, lack of awareness among working population regarding safety regulations, inefficient approach toward safety programs, casual approach of employers toward providing sufficient protective wear, etc. have led to increase in workplace fatalities
According to a survey conducted by Kimberly-Clark Professional in the American Society of Safety Engineers (ASSE) conference in Baltimore in 2015, 89% of the respondents observed workers not wearing safety equipment. Rise in fatalities in workplaces due to lack of awareness about usage of proper and quality workwear has resulted in increase in demand for safe and durable industrial workwear. Enforcement of stringent standards and policies regarding manufacturing and selling of quality workwear globally is anticipated to decrease workplace fatalities in the near future. Some of major players covered under the scope 3M, Hultafors Group, Ansell Ltd., Lakeland Inc., DuPont, Totally Workwear, Firstads Kansas Group, VF Corporation, Honeywell International Inc, and Williamson-Dickie Manufacturing Co.
Originally published on- http://industry-probe.over-blog.com/2020/05/top-wear-segment-of-industrial-workwear-market-to-expand-at-cagr-of-3.0-between-2019-and-2027-industry-probe.html
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Industry Probe is a global market intelligence and advisory firm with an unwavering purpose to help businesses achieve strategic objectives through a varied range of offerings. Based on a unique amalgamation of our big data technology and human intelligence, our services are dedicated to serve the businesses operating in the consumer goods and industrial machinery sectors. Our offerings comprises syndicated research, strategic consulting & advisory services, competitive intelligence, and full time engagement to bring true & actionable insights into our clients’ business environment. Combining research & technology adoption, playing the perfect mix of the best data, and centered on consumer goods & industrial machinery sectors, Industry Probe believes in targeting one industry at a time.
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