Majorly driven by propelling adoption of workplace safety measures and incessant R&D regarding innovated task-specific safety equipment, the industrial safety gloves market is steadily growing, as indicated by a recent study published by Future Market Insights.
The nearly US$ 6 billion market for industrial safety gloves is expected to exceed the valuation of US$ 9.5 Bn by the end of 2026, witnessing an expansion at a CAGR of over 4.5% during 2017-2026.
Research Intelligence Forecasts a Highly Competitive yet Fragmented Outlook for the Industrial Safety Gloves Market Landscape
The global industrial safety gloves market landscape represents high competition and a few large manufacturing players lead the way in industrial safety gloves space with their own unique selling strategies. Currently, key companies in industrial safety gloves market landscape such as 3M, Honeywell, and duPont hold individual revenue shares in industrial safety gloves market value within the range of 15-30%.
Another sizable cluster of industrial safety gloves market players accounts for individual shares of not more than 15% in the industrial safety gloves space, a few of which include Acknit, Lakeland, Uvex, Carolina, and United Glove. With a considerable cumulative share anticipated for domestic players in industrial safety gloves marketplace, a new research intelligence by Future Market Insights projects a fiercely competitive scenario governing the global industrial safety gloves market landscape in the near future.
Automation – the Key to Combat Industrial Operational Challenges – Expected to Restrict Demand for Industrial Safety Gloves
With bolstering adoption of automation across industrial verticals, robots are briskly substituting manpower more prominently in the manufacturing sector. As major manufacturing companies continue to embrace automation riding on the state-of-the art technologies, it is most likely that they deliver improved operational efficiency with maximum accuracy.
The advent of such technologies is being perceived as a highly influential factor limiting the adoption of personal workplace safety equipment such as industrial safety gloves in the near future.
The recently announced world’s first-ever AR (Augmented Reality) Management Platform for Industrial Enterprises (by Atheer Inc) is expected to enable hands-free mode of operation through AR devices, which will readily eliminate the need for equipment such as industrial safety gloves at manufacturing facilities.
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Industrial Safety Gloves Manufacturers Maintain Focus on Material Innovation and Sustainability to Capture the Attention of Innovators in the Industrial Safety Gloves Market
The industrial safety gloves marketplace is frequently witnessing the introduction of innovative products, targeting more efficiency through the combination of high performance materials used for industrial safety gloves manufacturing. In addition to fostering demand for industrial safety gloves made of nitrile and rubber for a gamut of industrial applications, leather-made industrial safety gloves are witnessing robust sales as well.
Material innovation will thus continue to be in the limelight for leading players operating in the industrial safety gloves marketplace. Ironclad recently received recognition for the patented Limitless Leather 360-degree Cut Impact Driver Glove that combines comfort, dexterity, and affordability in one package.
While Kevlar stitching of these industrial safety gloves affirms their endurance, the company claims that the rating of durability is eightfold compared to that of conventional leather-made industrial safety gloves.
Moreover, growing demand for sustainable materials for manufacturing of industrial safety gloves is compelling industrial safety gloves manufacturers to adopt a set of green technologies, which is presumed to facilitate the industry’s shift to renewable energy and slash down the overall manufacturing costs.
ASEAN & ANZ Shape the Growth of APEJ’s Industrial Safety Gloves Landscape
With rampant industrialization, APEJ’s industrial sector is lately becoming more vivid, underlining growing significant of workplace/occupational safety. APEJ, though has been demonstrating robust growth in the recent past, still continues to encounter major issues related to labor safety at workplaces. Across Asia, over a million people die from occupational injuries each year, as indicated by the stats provided by ILO (International Labour Organization).
While this highlights the lucrativeness of APEJ as a regional market for the penetration of industrial safety gloves manufacturers, a major contribution to growth is expected from the steady performers in industrial safety gloves landscape, i.e. Australia and New Zealand, besides ASEAN countries. These economies have been the early movers to industrial safety standards over the years, which is enabling them to gain an edge over others across the Asian Rim in industrial safety gloves market.
Competitive Landscape Analysis: Industrial Safety Gloves Market
Although the demand for industrial safety gloves from various verticals is constantly on the rise, the number of suppliers is also witnessing a parallel increase – boosting a significant spike in the bargaining power of buyers in industrial safety gloves space.
The bargaining power of suppliers will however remain low owing to strong presence of a large number of retail and wholesale distributors across the global industrial safety gloves market, which includes both online and offline stakeholders in industrial safety gloves market.
Future Market Insights foresees new entrants in industrial safety gloves marketplace to capture high potential opportunities in emerging economies, following the various industrial certifications mandatory for industrial safety gloves manufacturing.
New product development will continue to receive the spotlight in industrial safety gloves landscape over the foreseeable future, as leading companies in industrial safety gloves market consider it to be of paramount importance for a differential lead over the competition in industrial safety gloves market.
Specifically to cater to demanding requirements of dentistry, Ansell Ltd recently launched a new range of dental examination gloves - Micro-Touch Denta-Glove Series that has been designed with the cutting-edge film technologies. More recently, a high performance patented glove launched by LEDLife.us, KC Performance LED Light Glove, marks an effort to combine fit, form, and function.
Moreover, Showa announced the release of a new safety glove, Showa 379 that possesses additional flexibility and chemical resistance to stand out from competitors in industrial safety gloves landscape.
Click to know more on competitive scenario and understand key strategies of the participants in global industrial safety gloves market.
The report offers a segmentation-wise analysis on the global market for industrial safety gloves. Segmentation of the market is done in terms of the product type, end-user, and region. Chapters offering the segmentation analysis comprise imperative market numbers apropos to the revenue comparison, the market share comparison, and Y-o-Y growth comparison.
Regionally, the report has branched the global market for industrial safety gloves into Middle East & Africa (MEA), North America, Asia-Pacific excluding Japan (APEJ), Europe, Latin America, and Japan.
- North America
- Latin America
- Leather gloves
- Aluminized gloves
- Aramid gloves
- Disposable gloves
- Synthetic gloves
- Metal Mash
- Fabric gloves
- Coated fabric gloves
- Chemical Protective gloves
- Rubber Insulating gloves
- Oil and Gas
- Defense & Maritime