Research Nester has released a report titled “Social Distancing Gear Market – Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global social distancing gear market in terms of market segmentation by product type, end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global social distancing gear market is segmented by product type into top wear, bottom wear, overall protective wear, accessories and others, out of which, the overall protective wear segment is anticipated to hold the largest market share. The growth of the segment can be attributed to the increasing demand for social distancing wear from the end user industries as well as for the increasing exports of non-woven garments around the world. In the statistics by the International Trade Centre, exports of garments which are made up of felt or are nonwovens peaked to USD 2388173 thousand from USD 1831050 thousand in-between 2010-2019.
The global social distancing gear market is anticipated to record a robust CAGR throughout the forecast period, i.e. 2020-2028. Growing concern around the globe amongst the individuals for self-protection on account of the sudden outbreak of global epidemic diseases, such as Spanish flu, Ebola virus and COVID-19 amongst others, which requires individuals to adhere to strict social distancing guidelines so as to reduce the spread of the pandemic disease is anticipated to contribute significantly towards the growth of the global social distancing gear market.
Regionally, the global social distancing gear market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, the market in North America is anticipated to grow with the largest market share owing to the increasing support of the government of the nations in the region by facilitating high expenditure for protective equipment for its healthcare workers as well as for the presence of an established healthcare infrastructure in the region, especially in the U.S. and Canada. On the other hand, the market in Europe is anticipated to grow with at a moderate pace owing to the striving efforts of the manufacturers in the region to develop and promote advanced healthcare equipment by focusing on research and development. Additionally, the market in Asia Pacific is anticipated to grow with the highest CAGR owing to the presence of nations, such as China and India, where the population count is comparatively very high in comparison to other nations around the world, thereby raising the need for a large volume of social distancing gear products to suffice the population.
Increasing Demand from Government of Nations Around the World for Social Distancing Gear
The World Health Organization (WHO) on the 3rd of March 2020, stated in one of its new release about the global shortage of personal protective equipment owing to the increasing demand for protective equipment worldwide. The news release also stated about the organization requesting the industry and governments for raising the manufacturing of these necessities by 40% to suffice the demand.
Owing to the recent outbreak of the global pandemic disease, COVID-19, there is an increasing need amongst the government of nations around the world to have adequate supply of protective equipment to help their frontline warriors, i.e. the healthcare workers, to fight against the disease by treating the patients who are majorly affected by the disease. As most of these protective equipment are single use products and are disposed off over the time, along with the growing cases of coronavirus disease around the world, has raised the need to procure greater amount of social distancing gear, which is anticipated to drive the growth of the global social distancing gear market. According to the situation report dated 28th of April 2020, 10:00 CEST, of the World Health Organization, the total number of confirmed cases of Coronavirus disease outbreak stood to 2,954,222 numbers and 202,597 deaths worldwide.
On the other hand, rising fear amongst individuals around the globe for the sudden outbreak of pandemic diseases, such as cholera, Ebola virus, influenza, COVID-19, yellow fever, poliomyelitis, meningitis, SARS, MERS-CoV and others, which possess a significant threat to humanity, is also anticipated to raise the demand for social distancing gear, which in turn will drive the growth of the global social distancing gear market.
However, high product cost of social distancing gear, especially during uncontrolled market situations and the supply chain issues faced during such circumstances are some of the factors anticipated to limit the growth of the global social distancing gear market.
This report also provides the existing competitive scenario of some of the key players of the global social distancing gear market, which includes company profiling of 3M (NYSE: MMM), Ansell Ltd. (ASX: ANN), Honeywell International Inc. (NYSE: HON), MSA Safety Incorporated (NYSE: MSA), DuPont de Nemours, Inc., Kimberly-Clark Corporation (NYSE: KMB), Lakeland Inc. (NASDAQ: LAKE), Alpha Pro Tech (NYSEAMERICAN: APT), Sioen Industries NV (EBR: SIOE) and Radians, Inc. (NYSE: RDN). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global social distancing gear market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.