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The Mining Industry in China has been Experiencing a Decline in Employment Over the Last 2 to 3 Years, and the Trend is Likely to Continue, Affecting Market Growth
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This research service covers the personal protective equipment (PPE) used in the Chinese 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. Strong domestic demand has made China the largest consumer of metal and minerals. Also, the country is one of the largest employers of mining workforce in the world. These factors are expected to support the demand for mining PPE during the forecast period.The country also has a presence of local PPE manufacturers who export their products in other geographies at cheaper costs. Owing to the availability of cheap labour, major PPE manufacturers from mature markets across the globe have established their manufacturing facilities in the country.Rising competition among local PPE manufacturers and suppliers has resulted in price pressures which have in turn affected the business of global PPE manufacturers. As Chinese mining companies expand globally in search of new mining sites, the local PPE manufacturers are expected to capitalize on this opportunity by collaborating with the mining companies to sell their PPE products.Slow economic growth, a declining workforce in the mining industry, lack of stringent work safety regulations, and trade tensions with is the United States are expected to emerge as key challenges for the growth of the mining sector during the forecast period. Environmental regulations are another major factor which is expected to pose a challenge to mining operations in the country. Regulations to restrict the environmental impact of mining activities have been gaining momentum. Honeywell, Drager, 3M, MSA, Baymro Safety, Xi'an Personal Protective Equipment Co.,Ltd, Zhejiang Dongya Gloves Co., Ltd, HXT Gloves, Shangyu Best, SAFETAK CO LTD, Sentek Electronics, Hanwei Electronics, Lida Helmets, Baymro Safety, Greateagle Safety Products Co., Ltd. ESAB are some of the major market participants in the Chinese mining PPE market.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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