Personal Protective Equipment Manufacturing in the US - Industry Research Report

Shining armor: Improving economic conditions and growth in construction markets are expected to drive industry growth

Over the past five years, the Personal Protective Equipment (PPE) Manufacturing industry became one of the most important industries in the United States nearly overnight. The outbreak of COVID-19 resulted in an unprecedented surge in demand for PPE in 2020. Nonmedical masks, surgical masks and face shields became widely demanded in the healthcare sector and among regular consumers. Along with higher demand, supply chain disruptions resulted in higher prices for PPE, which is why profit increased in 2020. In 2021, demand for PPE remained strong, but product prices declined, contributing to a small decline in revenue. A decrease in the value of construction and relaxed mask-wearing requirements resulted in lower demand for PPE in 2022. Over the past five years, revenue in the PPE Manufacturing industry has declined at a CAGR of 0.6% to $4.9 billion, which includes a 4.7% decline in 2023 alone.

Operators in this industry manufacture personal protective equipment. This includes protective equipment for hands, feet, eyes, ears, faces and respiratory systems. This industry also manufactures ergonomic and fall protection equipment, as well as protective clothing, such as hazmat suits and reflective vests.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.