North American Industrial Hand Protection Growth Opportunities

North American Industrial Hand Protection Growth Opportunities

Regulatory Updates are Expected to Drive Revenue Growth

RELEASE DATE
25-Aug-2022
REGION
North America
Deliverable Type
Market Research
Research Code: K7A9-01-00-00-00
SKU: PP00225-NA-MT_26841
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Description

The North American industrial hand protection market generated a revenue of $2,581.4 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 3.3% from 2021 to 2026. Stringent regulatory enforcement coupled with the adoption of multi-hazard protection gloves will drive revenue growth.

Among the product segments, mechanical protection gloves accounted for a 50.0% revenue share in 2021. The increased penetration of these gloves along with the ever-increasing application areas across industry verticals is likely to drive revenue growth.

In 2021, the United States accounted for an 85.1% revenue share of mechanical protection gloves in North America. The adoption of innovative products such as gloves that offer the highest level of cut resistance with considerably thinner and lighter materials will drive revenue growth.

Manufacturing is the largest end-user segment for industrial hand protection gloves in North America. Hand safety awareness programs and training will enhance the penetration of industrial hand protection gloves in this segment.

Market demand for biodegradable and recycled materials is expected to take center stage in future, with a growing number of manufacturers introducing eco-friendly products and highlighting their sustainable initiatives.

Bunzl, Ansell, and Protective Industrial Products (PIP) are the leading suppliers of industrial hand protection gloves in North America. The market is likely to consolidate through mergers and acquisitions during the forecast period.

Author: Anjan Kumar Roy

RESEARCH: INFOGRAPHIC

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Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the North American Industrial Hand Protection Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Key Findings

Scope of Analysis

Segmentation

Segmentation Details

Key Competitors

Key Competitors (continued)

Growth Metrics

Distribution Channels

Growth Drivers

Growth Restraints

Technology Trends

Product Trends

Industry Trends

Sustainability Trends

Regulatory Trends

Regulatory Trends (continued)

Regulatory Trends (continued)

Regulatory Trends (continued)

Regulatory Trends (continued)

Forecast Assumptions

Revenue Forecast

Revenue Forecast by Product

Percent Revenue Forecast by Product

Revenue Forecast Analysis

Revenue Forecast by Country

Percent Revenue Forecast by Country (continued)

Forecast Analysis by Country

Revenue Forecast by Industry Vertical

Percent Revenue Forecast by Industry Vertical

Forecast Analysis by Industry Vertical

Forecast Analysis by Industry Vertical (continued)

Price Range

Competitive Environment

M&As

M&As (continued)

Revenue Share

Revenue Share Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Product

Percent Revenue Forecast by Product

Revenue Forecast Analysis

Revenue Forecast by Country

Percent Revenue Forecast by Country

Forecast Analysis by Country

Revenue Forecast by Industry Vertical

Percent Revenue Forecast by Industry Vertical

Forecast Analysis by Industry Vertical

Competitive Environment

Revenue Share

Revenue Share Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Product

Percent Revenue Forecast by Product

Revenue Forecast Analysis

Revenue Forecast by Country

Percent Revenue Forecast by Country

Forecast Analysis by Country

Revenue Forecast by Industry Vertical

Percent Revenue Forecast by Industry Vertical

Forecast Analysis by Industry Vertical

Competitive Environment

Revenue Share

Revenue Share Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Product

Percent Revenue Forecast by Product

Revenue Forecast Analysis

Revenue Forecast by Country

Percent Revenue Forecast by Country

Forecast Analysis by Country

Revenue Forecast by Industry Vertical

Percent Revenue Forecast by Industry Vertical

Forecast Analysis by Industry Vertical

Competitive Environment

Revenue Share

Revenue Share Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Product

Percent Revenue Forecast by Product

Revenue Forecast Analysis

Revenue Forecast by Country

Percent Revenue Forecast by Country

Revenue Forecast Analysis and Trends by Country

Revenue Forecast by Industry Vertical

Percent Revenue Forecast by Industry Vertical

Forecast Analysis by Industry Vertical

Competitive Environment

Revenue Share

Revenue Share Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast Analysis

Revenue Forecast by Country

Percent Revenue Forecast by Country

Forecast Analysis by Country

Revenue Forecast by Industry Vertical

Percent Revenue Forecast by Industry Vertical

Forecast Analysis by Industry Vertical

Competitive Environment

Revenue Share

Revenue Share Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast Analysis

Revenue Forecast by Country

Percent Revenue Forecast by Country

Forecast Analysis by Country

Revenue Forecast by Industry Vertical

Percent Revenue Forecast by Industry Vertical

Forecast Analysis by Industry Vertical

Competitive Environment

Revenue Share

Revenue Share Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast Analysis

Revenue Forecast by Country

Percent Revenue Forecast by Country

Forecast Analysis by Country

Revenue Forecast by Industry Vertical

Percent Revenue Forecast by Industry Vertical

Forecast Analysis by Industry Vertical

Competitive Environment

Revenue Share

Revenue Share Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast Analysis

Revenue Forecast by Country

Percent Revenue Forecast by Country

Forecast Analysis by Country

Revenue Forecast by Industry Vertical

Percent Revenue Forecast by Industry Vertical

Forecast Analysis by Industry Vertical

Competitive Environment

Revenue Share

Revenue Share Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Product

Percent Revenue Forecast by Product

Revenue Forecast Analysis

Revenue Forecast by Country

Percent Revenue Forecast by Country

Forecast Analysis by Country

Revenue Forecast by Industry Vertical

Percent Revenue Forecast by Industry Vertical

Forecast Analysis by Industry Vertical

Competitive Environment

Revenue Share

Revenue Share Analysis

Key Statistics

Growth Metrics

Revenue Forecast

Revenue Forecast by Product

Percent Revenue Forecast by Product

Revenue Forecast by Industry Vertical

Percent Revenue Forecast by Industry Vertical

Revenue Forecast Analysis

Key Statistics

Growth Metrics

Revenue Forecast

Revenue Forecast by Product

Percent Revenue Forecast by Product

Revenue Forecast by Industry Vertical

Percent Revenue Forecast by Industry Vertical

Revenue Forecast Analysis

Growth Opportunity 1: Improved Technology-driven Innovative Hand Protection Gloves

Growth Opportunity 1: Improved Technology-driven Innovative Hand Protection Gloves (continued)

Growth Opportunity 2: Targeted Mergers and Acquisitions

Growth Opportunity 2: Targeted Mergers and Acquisitions (continued)

Growth Opportunity 3: Eco-friendly and Sustainable Initiatives

Growth Opportunity 3: Eco-friendly and Sustainable Initiatives (continued)

Partial List of Other Companies

List of Key Industry Participants by Product Type

List of Key Industry Participants by Product Type (continued)

List of Key Industry Participants by Product Type (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

The North American industrial hand protection market generated a revenue of $2,581.4 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 3.3% from 2021 to 2026. Stringent regulatory enforcement coupled with the adoption of multi-hazard protection gloves will drive revenue growth. Among the product segments, mechanical protection gloves accounted for a 50.0% revenue share in 2021. The increased penetration of these gloves along with the ever-increasing application areas across industry verticals is likely to drive revenue growth. In 2021, the United States accounted for an 85.1% revenue share of mechanical protection gloves in North America. The adoption of innovative products such as gloves that offer the highest level of cut resistance with considerably thinner and lighter materials will drive revenue growth. Manufacturing is the largest end-user segment for industrial hand protection gloves in North America. Hand safety awareness programs and training will enhance the penetration of industrial hand protection gloves in this segment. Market demand for biodegradable and recycled materials is expected to take center stage in future, with a growing number of manufacturers introducing eco-friendly products and highlighting their sustainable initiatives. Bunzl, Ansell, and Protective Industrial Products (PIP) are the leading suppliers of industrial hand protection gloves in North America. The market is likely to consolidate through mergers and acquisitions during the forecast period. Author: Anjan Kumar Roy
More Information
Deliverable Type Market Research
Author Anjan Kumar Roy
Industries Personal Protective Equipment
No Index No
Is Prebook No
Keyword 1 North American Industrial Hand Protection Market
Keyword 2 Protection Gloves Market
Keyword 3 Protective Gloves Market
Podcast No
WIP Number K7A9-01-00-00-00