Global Respiratory Protection Equipment Market 2016-2020

Overview of the respiratory protection equipment (RPE) market

Extensive research carried out by the analysts at Technavio has shown that the global respiratory protection equipment (RPE) market will witness steady growth and will post a CAGR of close to 7% over the forecast period. The governments of various countries around the world have implemented stringent regulations on the work environment to ascertain the welfare and safety of employees, which is one of the major factors driving this market’s growth. For instance, OSHA international is charged with ensuring that a workplace is free from recognized hazards that can cause serious physical harm to workers in North America, Europe, Asia, and others. Moreover, the increasing number of accidents at the workplace and reports of unsafe working conditions has led governing bodies to ensure that the employers follow the regulations on work environment, employee safety, and the use of personal protective equipment (PPE). Furthermore, these agencies also conduct safety inspections at facilities to ensure the safety of employees. As these regulations are mandatory in various industries, employers need to follow these guidelines and will lead to the increasing adoption of RPE in the coming years.

In terms of geography, North America was the highest revenue-contributing region in the global RPE market and accounted for over 41% of the market shares during 2015. According to the Census of Fatal Occupational Injuries conducted by the US Bureau of Labor Statistics, fatal injuries increased by 17% in the mining sector, by 14% in the agriculture sector, and by 9% in the manufacturing sector. Moreover, the improvement in the economy of North America has boosted the construction industry in the region, which will also contribute to this market’s growth in the region.

Competitive landscape and key vendors