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North American Industrial Hand Protection Growth Opportunities
The North American industrial hand protection market generated a revenue of $2,581. 4 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 3. 3% from 2021 to 2026. Stringent regulatory enforcement coupled with the adoption of multi-hazard protection gloves will drive revenue growth.
New York, Sept. 21, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "North American Industrial Hand Protection Growth Opportunities" - https://www.reportlinker.com/p06320143/?utm_source=GNW
Among the product segments, mechanical protection gloves accounted for a 50.0% revenue share in 2021. The increased penetration of these gloves along with the ever-increasing application areas across industry verticals is likely to drive revenue growth.
In 2021, the United States accounted for an 85.1% revenue share of mechanical protection gloves in North America.
The adoption of innovative products such as gloves that offer the highest level of cut resistance with considerably thinner and lighter materials will drive revenue growth.
Manufacturing is the largest end-user segment for industrial hand protection gloves in North America.
Hand safety awareness programs and training will enhance the penetration of industrial hand protection gloves in this segment.
Market demand for biodegradable and recycled materials is expected to take center stage in future, with a growing number of manufacturers introducing eco-friendly products and highlighting their sustainable initiatives.
Bunzl, Ansell, and Protective Industrial Products (PIP) are the leading suppliers of industrial hand protection gloves in North America.
The market is likely to consolidate through mergers and acquisitions during the forecast period.
Author: Anjan Kumar Roy
Read the full report: https://www.reportlinker.com/p06320143/?utm_source=GNW
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