Benelux Personal Protective Equipment Market, Forecast to 2023

Benelux Personal Protective Equipment Market, Forecast to 2023

Increasing Female Labor Force Participation, Investment in New Technologies, and Revival in the Oil & Gas and Construction Industries Drive Revenues

RELEASE DATE
19-Aug-2019
REGION
Europe
Research Code: K3FA-01-00-00-00
SKU: PP00183-EU-MR_23444

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Description

The Benelux personal protection equipment (PPE) market generated a revenue of € 595.3 million in 2018 and is expected to expand at a compound annual growth rate (CAGR) of 2.9% to reach € 686.2 million in 2023. The market is analyzed in terms of 8 product categories: Above-the-neck protection, protective apparel, respiratory protection, disposable hand protection, non-disposable hand protection, protective footwear, fall protection, and gas detection. It currently depicts moderate growth owing to continuing industrial development, especially in sectors such as chemicals, pharmaceuticals, food processing, oil & gas, machinery, electrical engineering, and metal (MEM), automotive, and steel.

The Benelux market has a mix of both local and global PPE manufacturers. Global brands still dominate the market; however, local manufacturers present a tough competition to these global players. The region has a large number of market participants ranging from small companies that focus on a single type of equipment to a few large multinational corporations that manufacture and supply a wide range of sophisticated safety products. Manufacturers are looking to become a one-stop shop for end users; hence multiple M&A activities are taking place in the wider Western European region. Market segments such as gas detection, respiratory protection, industrial protective clothing, and fall protection are far along the maturity curve, driving the need for further consolidation.

Both direct sales (about 30% to 40%) and distribution channels are the prominent modes of product distribution in the Benelux PPE market. Direct sales is favored for big projects and is undertaken by the manufacturers themselves; however, the remaining 60% to 70% of the sales is done through distribution channels. The Benelux market has a strong distribution structure due to the presence of both local and global manufacturers. Apart from distributors, the market also has end-to-end consulting companies who advice end users on the types of products to be used based on the available facilities at their respective workplaces.

Benelux has a safety conscious end-user base. Commoditization is inversely proportional to the degree of technology associated with it. Protective apparel, hand protection, (both disposable and non-disposable) and respiratory protection markets are likely to contribute the largest revenues during the forecast period.

Market growth will be driven by replacement cycles, product upgrades, and increased spending on infrastructure. Efforts are underway to increase compliance rates, by exerting pressure on end users to adhere to regulations and avoid penalties. These moves are set to create increased demand for PPE products in the region. Favorable policies such as shifting the tax burden from the labor force and removal of inefficient tax expenditures by the local governments help improve the employment rates. Such developments also help to boost revenues for the PPE market in the region.

Author: Arun Ramesh

Table of Contents

Key Findings

Market Engineering Measurements

PPE Market—An Overview

What Drives the PPE Market?

PPE Market—Global Percent Revenue by Product Type

Benelux—An Overview

Benelux—Unemployment Rate

Benelux—Percent Employment by Industry Sector

Belgium—Employment by Industry Sector

Belgium—Top Industrial End-user Markets for PPE

The Netherlands—Employment by Industry Sector

The Netherlands—Top Industrial End-user Markets for PPE

Luxembourg—Employment by Industry Sector

Luxembourg—Top Industrial End-user Markets for PPE

Benelux—PPE Requirement and Usage by End-user Industry

Benelux as a Part of the Global PPE Market

Benelux PPE Market—Market Engineering Measurements

Benelux PPE Market—Revenue Forecast

Revenue Forecast Discussion

Benelux PPE Market—Revenue Split by Product Type

Benelux PPE Market—Revenue Forecast by Product Type

Benelux PPE Market—Standards and Regulations in Belgium

Benelux PPE Market—Standards and Regulations in the Netherlands

Benelux PPE Market—Standards and Regulations in Luxembourg

Benelux PPE Market—Outlook

Benelux PPE Market—Fall Protection Outlook

Benelux PPE Market—Above-the-neck Protection Outlook

Benelux PPE Market—Gas Detection PPE Outlook

Benelux PPE Market—Respiratory Protection Outlook

Benelux PPE Market—Foot Protection Outlook

Benelux PPE Market—Protective Apparel Outlook

Benelux PPE Market—Non-disposable Hand Protection Outlook

Benelux PPE Market—Disposable Hand Protection Outlook

Benelux PPE Market—Market Trends

Benelux PPE Market—Competitive Environment

Benelux PPE Market—Competitive Landscape

Benelux PPE Market—Partial List of Select Market Participants by Product Type

Benelux PPE Market—Partial List of Select Market Participants by Product Type (continued)

Benelux PPE Market—Partial List of Select Market Participants by Product Type (continued)

Benelux PPE Market—Partial List of Select Market Participants by Product Type (continued)

Benelux PPE Market—Distribution Trends

Benelux PPE Market—Distribution Trends (continued)

Benelux PPE Market—Competitive Landscape for Distributors

Benelux PPE Market—Top Customer Preferences

Benelux PPE Market—Customer Requirements by Products

Growth Opportunity 1—Internet of Things (IoT)

Strategic Imperatives for Success and Growth

The Last Word—3 Big Predictions

Legal Disclaimer

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
The Benelux personal protection equipment (PPE) market generated a revenue of € 595.3 million in 2018 and is expected to expand at a compound annual growth rate (CAGR) of 2.9% to reach € 686.2 million in 2023. The market is analyzed in terms of 8 product categories: Above-the-neck protection, protective apparel, respiratory protection, disposable hand protection, non-disposable hand protection, protective footwear, fall protection, and gas detection. It currently depicts moderate growth owing to continuing industrial development, especially in sectors such as chemicals, pharmaceuticals, food processing, oil & gas, machinery, electrical engineering, and metal (MEM), automotive, and steel. The Benelux market has a mix of both local and global PPE manufacturers. Global brands still dominate the market; however, local manufacturers present a tough competition to these global players. The region has a large number of market participants ranging from small companies that focus on a single type of equipment to a few large multinational corporations that manufacture and supply a wide range of sophisticated safety products. Manufacturers are looking to become a one-stop shop for end users; hence multiple M&A activities are taking place in the wider Western European region. Market segments such as gas detection, respiratory protection, industrial protective clothing, and fall protection are far along the maturity curve, driving the need for further consolidation. Both direct sales (about 30% to 40%) and distribution channels are the prominent modes of product distribution in the Benelux PPE market. Direct sales is favored for big projects and is undertaken by the manufacturers themselves; however, the remaining 60% to 70% of the sales is done through distribution channels. The Benelux market has a strong distribution structure due to the presence of both local and global manufacturers. Apart from distributors, the market also has end-to-end consulting companies who advice end users on the types of products to be used based on the available facilities at their respective workplaces. Benelux has a safety conscious end-user base. Commoditization is inversely proportional to the degree of technology associated with it. Protective apparel, hand protection, (both disposable and non-disposable) and respiratory protection markets are likely to contribute the largest revenues during the forecast period. Market growth will be driven by replacement cycles, product upgrades, and increased spending on infrastructure. Efforts are underway to increase compliance rates, by exerting pressure on end users to adhere to regulations and avoid penalties. These moves are set to create increased demand for PPE products in the region. Favorable policies such as shifting the tax burden from the labor force and removal of inefficient tax expenditures by the local governments help improve the employment rates. Such developments also help to boost revenues for the PPE market in the region. Author: Arun Ramesh
More Information
No Index No
Podcast No
Author Arun Ramesh
Industries Personal Protective Equipment
WIP Number K3FA-01-00-00-00
Is Prebook No
GPS Codes 9100-A2,9310,9595