Hand Protection Equipment Global Market Report 2024

Hand protection equipment encompasses tools designed to safeguard users' hands from potential injuries or damage resulting from handling chemicals or physical hazards.

The primary categories of hand protection equipment are durable gloves and non-durable gloves. Durable gloves, such as cut-resistant gloves, are specifically engineered to protect against cuts when handling sharp objects. These gloves are constructed from specialized composite materials, including stainless-steel mesh, fiberglass, synthetic fiber yarns, and other durable components. Hand protection equipment is crafted from materials such as natural rubber or latex, nitrile, vinyl, and others. End-users of hand protection equipment span various sectors, including healthcare, industrial safety and chemicals, construction, automotive, and other industries where hand safety is a priority.

The hand protection equipment market research report is one of a series of new reports that provides hand protection equipment market statistics, including hand protection equipment industry global market size, regional shares, competitors with a hand protection equipment market share, detailed hand protection equipment market segments, market trends and opportunities, and any further data you may need to thrive in the hand protection equipment industry. This hand protection equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The hand protection equipment market size has grown strongly in recent years. It will grow from $32.5 billion in 2023 to $35.3 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth observed during the historic period can be attributed to several factors, including the implementation of occupational safety regulations, the expansion of industrial activities, heightened awareness of worker safety, growth in the healthcare sector, and an increase in chemical and biological hazards.

The hand protection equipment market size is expected to see strong growth in the next few years. It will grow to $51.34 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The anticipated growth in the forecast period can be attributed to factors such as the adoption of sustainable materials, a rise in healthcare spending, considerations related to global supply chains, a focus on safety in remote work environments, and the demand for customized solutions. Key trends expected during this period encompass an increased demand for disposable gloves, the incorporation of ergonomic design principles, the utilization of advanced materials and technology, the integration of smart gloves and wearable technology, as well as a heightened emphasis on personalized fit and sizing.

The hand protection equipment market is witnessing growth driven by increasing awareness about safety and health measures. The emphasis on proper safety measures is crucial for preventing and reducing various hazards to the hands and arms encountered during operational work. Stringent company policies and government regulations prioritize the safety and health of employees, aiming to eliminate workplace risks through technical or organizational means. For example, in July 2023, the National Irish Safety Organisation (NISO), an Ireland-based voluntary body dedicated to promoting health and safety, launched a free short online course on chemical safety in the workplace. Guided by the Health and Safety Authority (HSA), this e-learning initiative is designed for workers, managers, and safety advocates across industries that use chemicals. The 30-minute introductory lectures provide learners with a concise, free, and essential primer on detecting and handling hazardous substances in the workplace. The increasing awareness of safety and health measures is a significant driver of growth in the hand protection equipment market.

The growth of construction activities is expected to further propel the hand protection equipment market. Construction activities encompass various tasks involved in constructing, renovating, or building structures, including buildings, infrastructure, and facilities. As construction activities increase, there is a growing demand for hand protection equipment to ensure the safety of workers. Companies in this sector are investing in high-quality protective gear due to stringent regulations and concerns about occupational injuries. In November 2021, according to the Office for National Statistics in the UK, the value of new construction work in Great Britain increased by 15.3% to reach $119,750 million in 2021 from $103,815 million in 2020. This growth in construction activities is a key driver of the hand protection equipment market.

The expansion of production capacities is a notable trend in the hand protection equipment market. Companies are scaling up their production capabilities to meet the surge in demand for gloves, especially from medical customers. The disruptions in the supply chain during the COVID-19 pandemic prompted governments globally to establish sufficient domestic production capabilities for essential products like medical devices and personal protective equipment (PPE). For example, in February 2022, SHOWA Group, a USA-based fully integrated manufacturer of medical and industrial PPE hand protection, tripled its production capacity to address the increasing demand for made-in-America gloves. The company's two new production facilities are anticipated to boost hand glove production to 1.2 billion units by the end of 2022 and 2.8 billion by the completion of the new facility construction. Similarly, in March 2020, Hartalega, a Malaysia-based company specializing in gloves for healthcare practitioners, acquired 38.49 hectares of land in Sepang to expand its capacity and meet the growing global demand for gloves. The expansion of production capacities is a strategic response to the heightened need for hand protection equipment.

Major players in the hand protection equipment sector are actively innovating advanced solutions with flash protection to elevate their market standing and expand their business footprint. Advanced hand protection equipment, featuring specialized gloves and protective gear, is designed to shield workers from electrical hazards, encompassing arc flashes and electrical shocks. Notably, in April 2023, Pyramex, a leading US-based manufacturer of personal protective products, introduced the GL3000 series arc flash protection gloves. This series includes two novel glove options emphasizing comfort, fit, and dexterity, providing heightened protection for workers potentially exposed to arc flash incidents. Pyramex's latest GL3000 arc flash protection gloves underwent rigorous testing using the ASTM F2675 method, aligning with the NFPA 70E standard, ensuring superior protection against category 4 arc flash events.

In November 2021, Ardian, a prominent UK-based private investment firm, successfully completed the acquisition of Groupe RG, a distinguished France-based company specializing in personal protective equipment. The undisclosed investment aims to provide Groupe RG's management team with additional resources, enabling them to further enhance their product offerings. Simultaneously, this strategic move positions Groupe RG to leverage external growth opportunities within the consolidating European market. The acquisition underscores Ardian's commitment to supporting Groupe RG's ongoing development and solidifies their presence in the personal protective equipment sector.

Major companies operating in the hand protection equipment market include Top Glove Corporation Bhd, Hartalega Holdings Berhad, Honeywell International Inc., 3M Company, Alpha Pro Tech Ltd., Halyard Health Inc., Medline Industries Inc., Cardinal Health Inc., Kossan Rubber Industries Bhd, Globus Ltd., Ansell Limited, E. I. du Pont de Nemours and Company, Mallcom Limited, MSA Safety Incorporated, Radians Inc., Rock Fall Ltd., Kimberly-Clark Corporation, Lakeland Industries Inc., Delta Plus Group, Protective Industrial Products Inc., Showa Group, Towa Corporation, Bata Shoe Company Pvt. Ltd., COFRA Holding AG, Ejendals AB, Rubberex Corporation (M) Berhad, Jallatte Group, Joseph Leslie & Co. LLP, MCR Safety, Atlantic Safety Products Inc.

North America was the largest region in the hand protection equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hand protection equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the hand protection equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The hand protection equipment market consists of sales of gloves, finger guards, and arm coverings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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