Our robust and tested research methodology underpins this thoroughly scrutinized report on the global industrial gloves market
Our exhaustive research methodology has helped us create another insightful and comprehensive report titled ‘Industrial Gloves Market: Global Industry Analysis 2012 – 2016 and Forecast 2017 – 2025’. For this report, in order to infer the market size, historical data, primary responses and public domain data has been thoroughly analyzed. Revenue of companies in the industrial gloves market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to predict the market size over the forecast period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated using the triangulation method and is extensively scrutinized using advanced tools to garner quantitative and qualitative insights into the global industrial gloves market.
A detailed market taxonomy of the global industrial gloves market aids in the understanding of this vast market
The report breaks down the global industrial gloves market into various segments and sub-segments to help the report audience better understand this vast and dynamic market in a comprehensive manner.
What is this report all about?
This report deciphers the vast market of industrial gloves globally and considers the various applications of industrial gloves. Industrial gloves are categorized under personal protective equipment (PPE), which also includes head, body, and legs protection. Industrial gloves are considered to be the most common type of safety equipment in all end-use industries and is required for basic pick and drop applications. The industrial gloves market is one of the few industries where the ASEAN region boasts market leadership. ASEAN is the world's prominent exporter and producer of industrial gloves, supplying about 60%-65% of the global demand for industrial gloves. Despite heavy competition from neighbouring countries, Europe and in recent times China and ASEAN countries are expected to remain the dominant force owing to their farsighted and dynamic global industrial glove makers.
What is included in this report?
This report is divided into four distinct parts. In the introduction section, the pertinent market numbers of the global industrial gloves market are given along with the CAGR for the forecast period of 2017-2025. The introduction also contains an executive summary of this detailed report through which the report audiences can have a cursory glance into this vast market. The introduction gives a detailed definition of industrial gloves and their various applications in different types of industries. In addition, the macroeconomic factors influencing the global industrial gloves market are also discussed in brief in the introduction. Also, the opportunity analysis of the global industrial gloves market is given here. Thereafter, the global industrial gloves market volume projections are highlighted followed by the supply and demand scenario in the market. This section also includes a pricing analysis and market value chain analysis of industrial gloves. At the end of the introduction section, the relevance and impact of the forecast factors is discussed.
The next section focuses on the regional industrial gloves market analysis and forecast and presents important metrics such as the BPS analysis, year-on-year growth rates, absolute dollar opportunity and market attractiveness analysis of the global industrial gloves market. An important sub-section discusses the regional market dynamics of the global industrial gloves market. This market dynamics sub-section lists the drivers, restraints, opportunities and trends applicable in various regions of the global industrial gloves market and presents in detail the factors encouraging the growth of this market as well as the factors hampering the growth of this market. The various trends of the global industrial gloves market, both long term and short term, are also discussed in this part of the report.
The last part of the report contains the competitive landscape of the global industrial gloves market. This part comprises information on the various leading companies operating in the global industrial gloves market. This competition landscape gives a dashboard view of the key companies operating in the global industrial gloves market along with their important information and broad strategy adopted to stay as leaders in the global industrial gloves market. Each of the leading companies is also profiled individually and important information about the company such as company details, company description, product portfolio along with key developments concerning the company and strategic analysis is presented.
In terms of volume, the global industrial gloves market stood at 113,272 Mn pair in 2017 and is expected to reach 216,048 Mn pair by 2025 end. In terms of value, sales of global industrial gloves in 2017 is estimated to be valued at nearly US$ 6,200 Mn. The market is slated to register a CAGR of 9.2% during 2017-2025 to reach a market valuation in excess of US$ 12 Bn by the end of the forecast period.
Increasing demand for superior performance and comfort to propel the industrial gloves market
North America has some powerful developed economies. The vast presence of all manufacturing and service industries, coupled with firm government rules and regulations on industrial safety is anticipated to remain a prominent driving factor for the growth in sales of industrial gloves in the North America market. Rising demand for superior performance and comfort is expected to play a pivotal role in this region. Consumers in North America are particular on the use of safety standards and follow them firmly in any working environment at all the end-use industries. Every firm has a quality department to check the quality of industrial gloves to ensure that the procured gloves are up to the mark in real-time operations. Moreover, workers also make sure that they use safety industrial gloves in all work related operations and demand better performance and comfort. These gloves are cut resistant, have a long working life and offer a firm grip. These are some of the features that are surging the demand for industrial safety gloves in the North America market.
Global Industrial Gloves Market – Regional Market Attractiveness Analysis
Global industrial gloves market dominated by developed countries
The strict regulations and rules imposed by governments and regulating authorities on manufacturers in developed regions such as North America, EU28 and Japan have made the industrial gloves market very attractive. Developed regions are expected to hold more than 60% of the market share in the global industrial gloves market, with a major contribution projected from the North America and Europe regions. The global market is anticipated to grow in terms of value and volume over the forecast period.
ASEAN countries in the APAC region are the major suppliers of industrial gloves in the market
The abundant availability of natural rubber and nitrile rubber has made the ASEAN region one of the prominent regions for the manufacturing of industrial gloves. Countries such as Malaysia, Thailand, and Indonesia are top producers of industrial gloves and almost 30 percent of industrial gloves produced in each of these countries is exported to North America and Europe by the global market participants.
Safety regulations and rules – a prominent growth driver in North America
North America is a developed region with abundant end-use industries. The governments in this region are strict and have stringent regulations for the safety of labor and working individuals. If any irregularities are found then the employer is charged with heavy penalties and on top of that, it also creates a bad image for the company among consumers and in the market. These strict government policies are expected to drive the demand for industrial gloves in all end-use industries over the forecast period.
Automation and technology will affect the North America industrial gloves market adversely
Robots have been taking over American jobs and very soon there will be no humans working in manufacturing and other end-use industries. Subsequently, the demand for all the personal protective equipment, including industrial gloves will be limited to certain specific operations. The National Bureau of Economic Research estimates that hundreds of thousands of jobs have been side-lined by automation in the U.S. in recent decades. In fact, the paper estimates roughly three jobs have been eliminated in the U.S. for each individual industrial robot introduced into the labor market – potentially setting the stage for even more significant job losses as workplace technology deepens its roots going forward. Researchers at Massachusetts Institute of Technology and Boston University surveyed robots' impact on the U.S. labor market between 1990 and 2007, thereby avoiding data abnormalities from the mass job losses seen during the Great Recession. They have found large and robust negative effects of robots on employment and wages across local economies impacted by automation. Increased automation in all end-use industries will reduce human efforts and increase accuracy considerably, but it will also affect employment and use of personal protective equipment, such as industrial gloves over the forecast period.