April 20, 2024
Industrial Hand Protection Gloves Market

Industrial Hand Protection Gloves Market Poised to Witness High Growth Due to Rising Awareness Regarding Workplace Safety

The industrial hand protection gloves market offers a wide range of work gloves that provide a protective barrier for hands against injury risks such as cuts, impact, heat burns, chemicals and other hazards. Certain hand protection gloves are designed for applications with high abrasion or puncture risks. The industrial hand protection gloves help ensure the safety of workers handling heavy machinery, sharp or rough surfaces, hazardous materials and extreme temperature equipment across various industries including manufacturing, construction, oil & gas, chemicals and others. The increasing awareness regarding workplace safety practices and stringent employee safety regulations enforced by governments worldwide are propelling the demand for effective protective hand wear solutions like industrial gloves.

The Global Industrial Hand Protection Gloves Market Size is estimated to be valued at US$ 16360.51 Billion in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the industrial hand protection gloves market are EcoFlow Tech, Goal Zero, Renogy, Anker Innovations Limited, BioLite Inc., Nekteck Inc., Suaoki, X-DRAGON, ALLPOWERS, RAVPower, BigBlue, SunPower Corporation, Powertraveller International Ltd, Yingli Green Energy Holding Company Limited, Kingsolar. Some of these players are focusing on developing advanced gloves made using blended fabrics, lightweight materials and ergonomic designs to offer improved dexterity, flexibility and comfort.

The rising awareness about workplace safety and stringent employee safety regulations across industries are creating increased demand for specialized gloves suited for various applications. Manufacturers are enhancing their product portfolio by developing gloves for new applications in growth industries like renewable energy, construction, oil & gas exploration and waste management.

The industrial glove manufacturers are expanding their business globally by acquiring regional players, collaborating with local distributors and enhancing their distribution networks across emerging economies in Asia Pacific, Latin America, Middle East and Africa. These regions are expected to offer lucrative growth opportunities for industrial hand protection gloves during the forecast period.

Market Drivers

The growing industrialization and automation across various sectors have increased the risks of hand injuries from machines and industrial processes. The implementation of stringent workplace safety regulations mandating the use of protective gloves is one of the key factors driving the demand for industrial hand protection gloves. Further, the rising awareness about employee safety and availability of specialized gloves for different applications are also propelling the industrial hand protection gloves market growth.

PEST Analysis
Political: Occupational safety regulations enforced by governments regarding protection from hazards in industrial workplaces have positively impacted the demand for industrial hand protection gloves.
Economic: Rising industrial activities and cost of work-related injuries have encouraged industries to invest more on safety gear like gloves which is fueling market revenues.
Social: Increasing awareness about importance of safety at workplace and initiatives by organizations to promote usage of personal protective equipment is boosting adoption of industrial gloves.
Technological: Manufacturers are focusing on innovative fabrics, designs and ergonomics to enhance hand protection, dexterity and comfort offered by gloves driving preference of technically advanced products.

Geographical Regions with High Market Concentration
North America accounts for the largest share of the market primarily due to stringent workplace safety regulations and growing industrial sector in the US and Canada. Europe is another major revenue generator owing to presence of developed economies like Germany, UK, France with well-established manufacturing industries.

Fastest Growing Regional Market
Asia Pacific industrial hand protection gloves market is poised to witness highest growth over the forecast period. This can be attributed to rapid industrialization and infrastructural development activities underway in developing economies such as China, India. Additionally, growing foreign investments and expansion of manufacturing facilities of global companies in the region will further propel the market growth.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it