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
19-Aug-2019
Europe
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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
Popular Topics
No Index | No |
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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 |