News | April 15, 2014

Frost & Sullivan: PPE Manufacturers To Benefit From Economic Revitalization And Greater Safety Expectations

Companies have enhanced their focus on offering customizable and stylish products to counter competition from low-cost imports

Mountain View, CA /PRNewswire/ - The revenue of the total above-the-neck personal protective equipment (PPE) market has steadily regained lost ground since 2010 due to the slow revitalization of US industrial sectors and greater expectations of safety assurances from their employers from the incoming generation of workers.

Frost & Sullivan's Chemicals, Materials and Food practice (www.frost.materials.com) finds that the above-the-neck PPE market earned revenue of $1.04 billion in 2013 and estimates this to reach $1.21 billion in 2018.

For complimentary access to more information on this research, please visit: http://bit.ly/1hBiyk5.

While the total market revenue is expected to continue increasing, there are still many growth hurdles, such as inadequate support to create a zero-injury safety culture, lack of regulatory updates that hinder the integration of new features, and product commoditization due to increased imports of low-cost PPE. Price competition has forced many domestic companies to reduce their costs by outsourcing a large part of their production to other countries.

"Safety awareness and compliance could benefit from a more consistent level of regulatory enforcement in contract-oriented industries such as construction," said Frost & Sullivan Industry Analyst Roland Heinze. "Above-the-neck PPE has not been subject to any significant regulatory updates, which has reduced the integration of new features that can help promote higher pricing and compliance. This lack of product differentiation has also made locally produced goods vulnerable to competition from low-cost imports."

To remain competitive, companies are focusing on developing customizable and stylish products, increasing product variety, offering more services, and leveraging acquisitions to grow their global footprint, market shares and integrate technologies.

"Some manufacturers are now able to market themselves as one-stop shops for safety products. By increasing their penetration across all PPE markets, suppliers are able to lower transaction costs for end users and bundle full sets of PPE products," said Heinze. "A case in point is Sperian's Pro-System, which includes head, eye, face, and hearing protection. This benefits suppliers by allowing companies to either charge higher prices or sell larger volumes."

Strategic Analysis of the North American Above-the-neck PPE Market is part of the Chemicals, Materials & Food Growth Partnership Services program, which provides global Mega Trends, information on emerging markets and the latest technology innovations, market, economic, customer, competitive, and best practices research. This CEO 360 degree perspective will enable your company to effectively plan your strategies for growth. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.

The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Strategic Analysis of the North American Above-the-neck PPE Market NC64-39

SOURCE: Frost & Sullivan

Copyright 2014 PR Newswire. All Rights Reserved
Newsletter Signup
Newsletter Signup
Get the latest industry news, insights, and analysis delivered to your inbox.
Join your peers
By clicking Sign Me Up, you agree to our Terms and that you have read our Privacy Policy.