The industrial hand protection gloves are increasingly popular among industrial workers and manufacturing employees as they help prevent hand injuries and reduce industrial accidents. Industrial hand protection gloves are primarily used across manufacturing, construction, chemical, automotive, electronics and other industries to protect hands from mechanical and minor injuries including abrasions, cuts, punctures as well as thermal, electrical and chemical burns. Common types of industrial gloves include reusable gloves made of leather, rubber, nitrile or Kevlar and disposable gloves made of latex or plastic that offer protection from chemicals, oils and industrial residues. Safety gloves not only protect hands at work but also boost worker productivity by preventing injuries that could result in time off from work or medical costs.
The global Industrial Hand Protection Gloves Market is estimated to be valued at US$ 14201.83 Mn in 2023 and is expected to exhibit a CAGR of 9.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
There is increasing demand for cut-resistant and puncture-resistant gloves made with advanced materials like Kevlar or steel mesh to provide added layer of safety for jobs involving sharp metals, glazes or industrial machines. Manufacturers are developing dual-layer gloves using different materials in palm and back such asnitrile on the palm for flexibility and Kevlar on the back for puncture resistance.The industrial hand protection gloves market is witnessing rise in demand for gloves made of breathable and waterproof fabrics to keep hands dry and cool in wet work environments. This has spurred innovation in fabric and material technologies used in safety gloves.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as the industrial hand protection gloves market needs development of manufacturing facilities and distribution channels which requires high capital investments.
Bargaining power of buyers: The bargaining power of buyers is high as there are many established players providing a variety of gloves at competitive prices in the market. Buyers can easily switch between brands.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as raw material suppliers have established presence but industry players have options to switch to alternate suppliers in case of unfair demand of price rise.
Threat of new substitutes: The threat of new substitutes is low as there are limited product alternatives that can provide the required protection, grip and comfort level as gloves.
Competitive rivalry: The market competition is high among the top players to increase their market share through differentiated product portfolio, quality, and marketing strategies.
Key Takeaways
The Global Industrial Hand Protection Gloves Market Size is expected to witness high growth. The global Industrial Hand Protection Gloves Market is estimated to be valued at US$ 14201.83 Mn in 2023 and is expected to exhibit a CAGR of 9.1% over the forecast period 2023 to 2030.
North America currently dominates the market owing to stringent worker safety regulations in different industries such as automotive, healthcare, construction etc. in the region. Europe is expected to grow at a significant rate during the forecast period. This is attributed to presence of major automotive companies driving the demand for hand protection gloves in the region. Stringent worker safety regulations are also supporting the regional market growth.
Key players: Key players operating in the Industrial Hand Protection Gloves market are Burcon Nutrascience, Cosucra Groupe Warcoing, Nutri Pea Limited, Sotexpro, Roquette Freres, Glanbia Plc., Fenchem Biotek Ltd., Prinova Group LLC, and Yantai Shuangta Food Co. Burcon Nutrascience has strong focus on developing nutritious and sustainable protein ingredients.
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The Global Industrial Hand Gloves Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on material, usability, protection, application and glove type.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Industrial Hand Gloves Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/16351-industrial-hand-gloves-market-reportThe report also covers the complete competitive landscape of the global Industrial Hand Gloves market with company profiles of key players such as:Ansell HealthcareHartalega Holdings BerhadHoneywell International Inc.RubberexSemperit AG HoldingShamrock Manufacturing Company Inc.SHOWA, Inc.Superior GloveTop Glove Corporation BerhadTowa CorporationA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Material:Natural Rubber GlovesNitrile GlovesVinyl GlovesNeoprene GlovesPolyethylene GlovesOtherBy Usability:DisposableReusableBy Protection:General purpose/ Mechanical protection,Chemical/ Liquid ProtectionProduct ProtectionBy Application:MachineryOil & GasMetal FabricationAutomotiveChemicalConstructionPlane ManufacturingFood ProcessingOffice Building CleanersHealthcareOthersBy Glove Type:Dipped GlovesKnitted GlovesSupported Knitted GlovesOthersBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Latin America (LA)Middle East & Africa (MEA)Download Free Sample Report of Global Industrial Hand Gloves Market @ https://www.decisiondatabases.com/contact/download-sample-16351The Global Industrial Hand Gloves Market has been exhibited in detail in the following chapters –Chapter 1 Industrial Hand Gloves Market PrefaceChapter 2 Executive SummaryChapter 3 Industrial Hand Gloves Industry AnalysisChapter 4 Industrial Hand Gloves Market Value Chain AnalysisChapter 5 Industrial Hand Gloves Market Analysis By MaterialChapter 6 Industrial Hand Gloves Market Analysis By UsabilityChapter 7 Industrial Hand Gloves Market Analysis By ProtectionChapter 8 Industrial Hand Gloves Market Analysis By ApplicationChapter 9 Industrial Hand Gloves Market Analysis By Glove TypeChapter 10 Industrial Hand Gloves Market Analysis By GeographyChapter 11 Competitive Landscape Of Industrial Hand Gloves CompaniesChapter 12 Company Profiles Of Industrial Hand Gloves IndustryPurchase the complete Global Industrial Hand Gloves Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-16351Other Reports by DecisionDatabases.com:Global Disposable Gloves Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Reusable Gloves Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Surgical Gloves Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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