The Worldwide Industrial Workwear Industry is Expected to Reach $51 Billion by 2027 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Industrial Workwear Market - Global Outlook & Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
Growing job prospects and developments in end-user industries, such as manufacturing, are expected to drive the demand for industrial workwear.
Also, the target market is anticipated to reflect growth due to several factors, such as investments in fabric production, product research, and development. The demand for industrial workwear is rising across the world across diverse industries, including pharmaceuticals, semiconductors, biotechnology, and chemicals.
- The growth in the organized manufacturing sector is anticipated to accelerate further the entry and expansion of multi-national companies (MNCs).
- Recycled polyester workwear is giving plastic waste a second purpose. Recycled polyester is made from 100% PET plastic bottles.
- Sustainable workwear is a significant step in decreasing waste; hence, most manufacturers participate in it.
- In the future, the demand and behavior of consumers are expected to become more complex, more technology-oriented, and more challenging to predict.
- New technologies such as mobile payment infrastructure and virtual fashion shows could help customize changes by reducing waste and extending the product lifecycle.
Some of the key developments in the global industrial workwear market are listed as follows:
- In May 2018, National Safety Apparel (NSA) Acquired Rubin Brothers, a Chicago-based safety clothing producer, including its Union Line brand.
- In November 2021, Sentinel Capital Partners, a private equity firm focused on the lower midmarket, invested in RefrigiWear (Dahlonega, GA, US), which makes protective industrial workwear for indoor and outdoor use in sub-freezing temperatures and inclement weather environments. RefrigiWear's products include outerwear, coveralls, bibs, pants, and protective handwear and footwear.
- In December 2021, BaltCap invested in Weekend (Tormi, Estonia), an omnichannel platform for apparel and footwear. BaltCap is a private equity fund manager in the Baltic states.
Key Questions Answered:
1. How big is the industrial workwear market?
2. What is the projected market size of the global industrial workwear market by 2027?
3. What is the growth rate of the global industrial workwear market?
4. Which region dominates the global industrial workwear market?
5. What are the primary trends in the industrial workwear market?
6. Who are the key players in the global industrial workwear market?
Opportunities & Trends
- Rising Demand from Emerging Economies
- Sustainable Workwear
- Increasing Product Innovation With Latest Technologies
- Stringent Regulatory Standards
- Rising Consumer Awareness of Workplace Safety
- Increasing Industrial Accidents
- High Cost of Raw Materials
- Lack of Enforcement of Stringent Safety Standards
Segmentation by Product
- Top wear
- Bottom wear
Segmentation by Material Type:
- Specialty Fabric
Segmentation by End-User:
- Oil & Gas
Segmentation by Geography
- North America
- South Korea
- Middle East & Africa
- South Africa
- Latin America
- Milwaukee Tool
- Bulwark Protection
- NSA-National Safety Apparel
- ERB Safety
- LH Workwear
- Delta Plus
- Bennett Safetywear
- Sanctum Work Wear
- Global Glove and Safety
- Robert Bosch
- Hultafors Group
For more information about this report visit https://www.researchandmarkets.com/r/8c7mgi
Laura Wood, Senior Press Manager
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