Personal protective equipment comprises goggles, helmets, protective clothing, and other equipment specially designed to protect the user’s body from any kind of infection or injury. Personal protective equipment can be used for work-related safety, health purposes, and for sports or other recreational activities. Personal protective equipment is considered essential across several industries, which is estimated to drive the market in the near future.
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In Saudi Arabia, the strict regulations set by the Occupational Safety and Health Administration have encouraged the use of personal protective equipment. Thus, legislations forcing the use of the equipment are among the prominent factors bolstering the growth of the Saudi Arabia personal protective equipment market. In terms of revenue, the Saudi Arabia market for personal protective equipment stood at US$275.1 mn in 2014. The market is anticipated to exhibit a 7% CAGR between 2015 and 2021, reaching a value of US$444.2 mn by the end of 2021.
Government Initiatives to Boost Demand for Saudi Arabia Personal Protective Equipment
Government organizations and other regulatory bodies have taken several initiatives in order to create awareness regarding workplace safety and encourage the use of personal protective equipment. This has contributed extensively towards the growth of the market in Saudi Arabia in the recent years. In addition, the booming oil and gas industry is projected to boost the demand for personal protective equipment in the next few years. On the flip side, the availability of numerous local and inexpensive brands of personal protective equipment and increasing automation of the production processes are some of the prominent factors expected to curb the growth of the overall market in the coming few years.
The Saudi Arabia market for personal protective equipment can be categorized on the basis of type into professional footwear, disposable respirators, protective clothing, fall protection, hearing, eye and face, respiratory, hand, head protection, re-usable respirators, and others. Among these types, professional footwear is estimated to account for a massive share in the Saudi Arabia personal protective equipment market in the next few years.
Southern and Northern Provinces in Saudi Arabia to Offer Potential Growth Opportunities
In terms of geography, the Eastern province in Saudi Arabia held more than 50% of the overall market in 2014 and is anticipated to remain in the topmost position in the coming few years. The presence of several industries, including chemicals, oil and gas, manufacturing, and construction, has augmented the growth of the market in the recent years. Nevertheless, the untapped market in the Southern and Northern Provinces in Saudi Arabia has created several opportunities for the key market players.
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The personal protective equipment market is extremely competitive and the competition is expected to get even more intense in the coming few years. Some of the prominent players operating in the personal protective equipment market in Saudi Arabia are Ansell Ltd, 3M Corporation, Avon Rubber plc, Honeywell Safety, and MSA Safety. The market players are making efforts to develop new and innovative products in order to expand their consumer base and create a niche for themselves in the next few years.