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The study segments Respiratory Protective Equipment industry in light of major classification such as product type, potential markets, application, and end-user.
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Respiratory Protective Equipment (RPE) Market To Reach USD 10.37 Billion By 2027
Market Summary Massive industrial growth in the Middle East & Africa and Asia-Pacific, adoption of stringent regulatory policies combined with increasing awareness about workplace safety are the main factors driving growth in this market. Market Size – USD 6.02 Billion in 2019, Market Growth - CAGR of 7.5%, Market Trends – COVID-19 outbreak has led the market to witness an unprecedented demand. The global Respiratory Protective Equipment market is forecast to reach USD 10.37 Billion by 2027, according to a new report by Reports and Data. Severe Acute Respiratory Syndrome (SARS) is sure to boost the respiratory protective equipment market growth. Increasing incidences of mesothelioma, which affects the protective lining of internal organs, including abdominal cavity, lungs, and heart, is expected to further fuel the market. Continuous exposure to asbestos in various occupations such as power plants, shipyards, construction, and industries causes this cancer. In various industries, increasing concerns regarding fatalities due to high risks involving confined spaces is expected to drive the country's market growth over the coming few years. COVID19 has become a global havoc, which has led to an increase in demand for RPE from healthcare professionals. www.reportsanddata.com
Further key findings from the report suggest • Among the type segment of this market, Air Purifying Respirators (APRs) led in 2019 and will continue to dominate with an estimated CAGR of 7.7% during the forecasted period. This APRs are used against particulates like smoke or fumes to protect the workers against harmful gases and vapors. Moreover, in Southeast Asia and Africa, the growing construction industry is anticipated to have a positive influence on the product demand over the coming few years. • In Europe, the rising number of investments in riot control and military activities will propel market growth. Moreover, with increasing aerospace equipment, demand for machinery, agricultural products, and pharmaceutical products are estimated to boost the regional RPE market growth. • Among the distribution channel segment of this market, retail sales lead the market, and it continues to dominate with an estimate to register a CAGR of 7.7% during the forecasted period. For the procurement of RPE, one new trend in the market is the integration of e-commerce channels. In India, the B2B e-commerce market is still at an early stage and shows an excellent opportunity for growth. By the end of 2020, experts predict the market to reach USD 700 billion. In India, the procurement of RPE through e-commerce channels is gaining momentum. • With rising investments in defense, agriculture and healthcare industries are expecting a boost in their economy in various countries, including Colombia, Mexico, and Chile, in South and Central America. An increasing number of oil and gas exploration activities and automotive projects in Brazil and Ecuador may drive growth over the forecasted period.
Market Summary Key Players: 3M, MSA Safety, Honeywell International, Dragerwerk, Alpha Pro Tech, Kimberly-Clark, Avon Protection Systems, Bullard, Gentex, Jayco Safety Products, among others. Segmentation: For the purpose of this report, Reports and Data have segmented into the respiratory protective equipment market on the basis of type, distribution channel, end-users, and region: Type Outlook (Revenue, USD Billion; 2017-2027) • Air-Purifying Respirators • Supplied-Air Respirators To look at the PDF Sample Report and get 30 minutes of a free consultation @ https://www.reportsanddata.com/sample-enquiry-form/3097 www.reportsanddata.com
Market Summary End- UserOutlook (Revenue,USD Billion; 2017-2027) • Healthcare & Pharmaceuticals • Defense & Public Safety Services • Oil & Gas • Mining • Construction • Others Distribution channel Outlook (Revenue,USD Billion; 2017-2027) • Direct/Institutional Sales • Retail Sales RegionalOutlook (Revenue,USD Billion; 2017-2027) • North America • Europe • Asia Pacific • MEA • Latin America Grab Your Report at an Impressive Discount! Please Click Here : https://www.reportsanddata.com/discount-enquiry-form/3097 www.reportsanddata.com
The report emphasizes the following key questions: Q.1.What are the most lucrative and promising growth prospects for the market? Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? Q.3.Which geographies are estimated to exhibit the highest growth and the underlying causes? Q.4.Which factors are impacting the future of the market and what are the driving factors? Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast period? www.reportsanddata.com
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