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Increasing investments by Multi-national Mining Corporations in Mining Industries of Developing Economies are Expected to Play a Pivotal Role in Supporting the Growth of the PPE Market in Coming Years
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This research service covers the personal protective equipment (PPE) used in the global mining industry. Coal and mineral mining operations have been included. Mining for oil and gas have 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.The global market is covered in a total of 8 regions—North America, Latin America, Western Europe, Central and Eastern Europe, China, Australia and New Zealand (ANZ), Africa, and Rest of World.The global mining industry PPE market is largely fragmented with a large number of regional and global participants. The mining industry is an important end-user sector for PPE manufacturers and regional market participants along with the leading PPE manufacturers in the world offer PPE products to that suit the requirements of the workforce in the mining industry. The mining industry is marked by companies that vary in size and workforce safety policies. At one end there are large multinationals which have their operations spread across the globe, employ large workforces and also have a “safety-first” objective, while, on the other end of the spectrum there are companies which are involved in small scale mining wherein worker safety is not given a lot of importance.As multinational mining companies have expanded their geographic footprint, the focus on developing a safe working environment has increased. The lack of a skilled labor force is a major factor that has resulted in the development of a safety culture in the industry. This is expected to support the demand for PPE in mining activities in the coming years.Rising mineral consumption in emerging economies owing to rapid industrialization and infrastructure development has resulted in mining industry shifting towards these regions, although resource nationalism in some of these countries has posed a challenge. Moreover, although the emerging economies show a lot of promise related to mining activities, issues such as corruption, access to infrastructure and resource nationalism among others are expected to pose a challenge for rising investments in the region. Since the PPE industry is closely linked to the mining industry, these factors are expected to affect the PPE industry as well.As the global economy continues to grow, the long- term demand for metals and minerals is likely to grow at a moderate pace thus supporting the growth of the mining sector. This, in turn, is further expected to propel the demand for PPE in the mining sector during the forecast period. Increasing investment by multinational mining corporations in the mining industry of developing economies is expected to play a pivotal role supporting the growth of PPE in the coming years. Multinational mining companies’ compliance with safety regulations is anticipated to influence the work safety culture of small companies and service contractors, thereby driving market penetration of PPE. Understanding regional differences in product specifications and price sensitivity is crucial in achieving success in the global market. Identifying the right balance of price competency without compromising quality is important to establish a market presence in emerging markets.Efficient supply chain management to ensure seamless product delivery to remote mine locations is an important success factor and remains a crucial criterion for PPE supplier selection. Companies are focusing on manufacturing products that are durable and offer a long service life. Aftersales service and training facilities also help the PPE manufacturers to stand out amongst the competition.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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