Transparency
Market Research (TMR) has announced the release of a new report on the Saudi
Arabia personal protective equipment market. The report
contains detailed information on the historical trajectory of the market up to
2014 and studied forecasts regarding the market’s development from 2015 to
2021.
The
report is titled ‘Personal Protective
Equipment Market - Saudi Arabia Industry Analysis, Size, Share, Growth, Trends
and Forecast 2015 - 2021’ and is available for sale on TMR’s
official website.
According to
the figures presented in the report, the Saudi Arabia personal protective
equipment market generated revenue of US$275.1 mn in 2014. TMR analysts expect
the market to exhibit a sturdy 7% CAGR in the 2015-2021 forecast period. This
will result in the market’s annual revenue rising to US$444.2 mn.
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Personal
protective equipment consists of various devices and contraptions that protect
an individual from accidents in the workplace. Saudi Arabia has emerged as a
promising market for personal protective equipment in recent years due to the
rising incorporation of rules set by the Occupational Safety and Health
Administration (OSHA) and the increasing awareness about worker safety. The
Saudi Arabia market for personal protective equipment is expected to exhibit
steady growth in the coming years and drive the overall personal protective
equipment in the Middle East as a result.
The oil and
gas sector is the major end user of personal protective equipment in Saudi
Arabia. The industry accounted for 40% of the Saudi Arabia personal equipment
market in 2014 and is expected to remain the leading end-use segment of the
market for years to come. The rising demand for petroleum fuels is the primary
driver for the Saudi Arabia oil and gas industry, thus indirectly driving the
Saudi Arabia personal protective equipment market.
Based
on product type, the report segments the Saudi Arabia personal protective
equipment market into head protection, eye and face protection, professional
footwear, protective clothing, fall protection, hand protection, respiratory
protection, and hearing protection. Of these, professional footwear accounted
for a dominant share in the Saudi Arabia personal protective equipment market
in 2014. The dominance of the professional footwear segment can be attributed
to its high demand from the oil and gas sector.
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Business report: http://www.transparencymarketresearch.com/saudi-arabia-personal-protective-equipment-market.html
Head
protection equipment is expected to exhibit a robust growth rate in the coming
years. The rising awareness about the importance of head protection is
responsible for the growing demand for head protection equipment.
While the
Saudi Arabia market for personal protective equipment is driven by the rising
regulatory support and growing awareness, the increasing production of
off-brand local products is a threat to the organized personal protective
equipment market.
On the basis
of geography, the Eastern province of Saudi Arabia accounted for the majority
share in the personal protective equipment market. The established presence of
oil and gas, construction, and chemicals giants in the Eastern province is
responsible for the growing demand for personal protective equipment.
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