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High Degree of Work Safety Awareness Coupled with a Developed Regulatory Framework is Expected to Support the Revenue Growth of the PPE Market
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This research service covers the personal protective equipment (PPE) used in the Australia and New Zealand (ANZ) mining industry. Coal and mineral mining operations have been included. Mining for oil and gas has been excluded from the scope of the research.The PPE market is covered in a total of 7 product segments—above-the-neck protection, respiratory protection, protective gloves, workwear, protective footwear, fall protection, and gas detection. Australia holds the world’s largest deposits of brown coal, minerals sands (rutile and zircon), nickel, silver, uranium, zinc, and lead. Expansion has slowed in the Australian mining industry following the down phase of the commodities super cycle and fall of commodity prices, especially coal and iron ore. The political landscape of Australia is unyielding, with a high degree of resource nationalism threatening the profitability of the mining companies. With a high degree of safety consciousness and strong regulatory enforcement, the ANZ market is likely to continue to be a focus area for global PPE manufacturers. The mining industry serves as the backbone of the ANZ region, especially Australia. A well-developed regulatory environment on par with that of North America and Western Europe makes Australia an important hotspot for global PPE suppliers. Higher employer safety awareness and end-user compliance have resulted in a well-distributed share of different PPE markets in this region, with protective gloves holding the highest share.In recent years, factors such as macro-economic stability, changes in the regulatory framework, and risks related to commodity prices have emerged as major challenges for the mining operations in the region.Emerging technologies, coupled with process automation, has resulted in rising operating costs. Also, accessibility to mineral reserves has affected the production volumes, which has further affected the cost as well as the competitive structure of the mining industry.Although the short-term outlook is not so positive for the regional mining industry, with sustained energy demand and a reasonable amount of pipeline investment, the region is expected to revive within in the short term of the forecast period. This is expected to support the demand for mining PPE in upcoming years. Key Questions This Study Will Answer• Is the market growing, how long will it continue to grow, and at what rate?• Are the existing competitors structured correctly to meet customer needs?• How do the dynamics of the industry and regional diversities affect the PPE market?• How will the structure of the market change with time?• Are the products/services offered today meeting customer needs, or is additional development needed?
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