Hand Protection Equipment Market Forecast and Insights: Exploring Growth Trends, Market Size, and Emerging Opportunities
2028 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What External and Internal Drivers Are Contributing to the Growth of theHand Protection Equipment Market?
The growing consciousness on the importance of health and safety measures is fueling the expansion of the hand protection equipment market. The diligent enforcement of safety precautions helps curtail a range of health, hand, and arm hazards that emerge during task execution. The rigorous corporate rules and governmental regulations concerning the safety and health of employees aim to mitigate job-related hazards from the root, using technical or organizational tactics. For instance, in July 2023, the National Irish Safety Organisation (NISO), a voluntary group from Ireland dedicated to promoting health and safety, introduced a gratis compact online course about workplace chemical safety on its e-learning platform. This e-course is devised under the guidance of the Health and Safety Authority (HSA), tailored to cater to workers, managers, and safety supporters from any chemical-using industry. The 30-minute foundational lectures are set to equip learners with a brief, free, yet significant introduction on how to identify and manage hazardous materials at work. Thus, the surge in awareness on health and safety measures bolsters the progression of the hand protection equipment market.
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#How Will the CAGR of the Hand Protection Equipment Market Influence Its Overall Growth by 2034?
The market size of hand protection equipment has seen considerable growth in the past few years. The market value is projected to rise from $34.39 billion in 2024 to $37.09 billion in 2025, registering a compound annual growth rate (CAGR) of 7.9%. The historical growth of this market can be credited to factors such as occupational safety rules, rapid industrial growth, enhanced worker safety awareness, the expansion of the healthcare sector, and the increase in chemical and biological hazards.
The market for hand protection equipment is predicted to experience a accelerated expansion in the coming years, culminating in a value of $56.9 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 11.3%. The projected growth during this period can be associated with factors such as the use of sustainable materials, an escalation in healthcare expenditure, considerations regarding the global supply chain, safety measures for remote work, and tailor-made solutions. The period also sees a surge in trends like rising demand for disposable gloves, ergonomic designs, usage of advanced materials and technology, smart gloves coupled with wearable technology, and personalized fit and sizing.
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Which Upcoming Market Trends and Innovations Are Set to Influence theHand Protection Equipment Market’s Path Forward?
One prominent trend emerging in the hand protection equipment market is the amplification of production capacities. To meet the sudden surge in demand for gloves, particularly from medical customers, firms are broadening their production scope. Moreover, the disruption of the supply chain in the wake of the COVID-19 pandemic has necessitated the construction of adequate domestic production infrastructures for critical products like PPE, medical devices, and more, by governments around the world. For example, SHOWA Group, a fully integrated manufacturer of industrial and medical PPE hand protection situated in the USA, tripled its production capacity in February 2022. This was in response to the increasing need for made-in-America gloves amongst government and industrial consumers. The company anticipates that its two new production facilities will boost hand gloves production to 1.2 billion units by the conclusion of 2022 and 2.8 billion by the end of the construction of the new facility. In a similar vein, Hartalega, a Malaysia-based company that specializes in glove production for healthcare professionals, bought 38.49 hectares of land in Sepang in March 2020. This acquisition is expected to enhance the company’s ability to meet the growing global demand for gloves gradually.
Who Are the Dominant Market Players Pushing the Boundaries of theHand Protection Equipment Market?
Major companies operating in the hand protection equipment market include Top Glove Corporation Bhd, Hartalega Holdings Berhad, Honeywell International Inc., 3M Company, Alpha Pro Tech Ltd., Halyard Health Inc., Medline Industries Inc., Cardinal Health Inc., Kossan Rubber Industries Bhd, Globus Ltd., Ansell Limited, E. I. du Pont de Nemours and Company, Mallcom Limited, MSA Safety Incorporated, Radians Inc., Rock Fall Ltd., Kimberly-Clark Corporation, Lakeland Industries Inc., Delta Plus Group, Protective Industrial Products Inc., Showa Group, Towa Corporation, COFRA Holding AG, Ejendals AB, Rubberex Corporation (M) Berhad, Joseph Leslie & Co. LLP, MCR Safety, Atlantic Safety Products Inc.
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What Are the Core Segments of the Hand Protection Equipment Market, and How Do They Contribute to Growth?
The hand protection equipment market covered in this report is segmented –
1) By Hand Protection: Durable Gloves, Disposable Gloves
2) By Material Type: Natural Rubber Gloves Or Latex, Nitrile Gloves, Vinyl Gloves, Other Material Types
3) By End-User Industry: Healthcare, Industrial Safety And Chemical, Construction, Automotive, Other End-Users
Subsegments:
1) By Durable Gloves: Leather Gloves, Cut-Resistant Gloves, Chemical-Resistant Gloves, Thermal Gloves
2) By Disposable Gloves: Latex Gloves, Nitrile Gloves, Vinyl Gloves, Polyethylene Gloves
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What Regions Are Dominating the Hand Protection Equipment Market Growth?
North America was the largest region in the hand protection equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hand protection equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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