The
global Workwear
Market size
is expected to reach USD 27.36 billion by 2030, registering a CAGR of 5.6% over
the forecast period, according to a new report by Grand View Research, Inc. The
rising safety concerns in industries coupled with the rising incidences of
work-related deaths have been creating a high demand for workwear around the
world. Over the past few years, numerous companies in the market have been
offering workwear with advanced fabric technology and enhanced features, such
as lightweight and versatility, which can be used for different work environments.
For instance, Scruffs, a U.K.-based apparel supplier, provides softshell
jackets made with 100% polyester. This product is waterproof, fully
wind-resistant, and enables high mobility.
Mascot
International Ltd., another U.K.-based workwear manufacturer, offers safety
shoes and boots that are lightweight and have shock-absorbing soles. It has
been observed that leading companies are incorporating advanced technologies,
such as the Internet of Things (loT), in workwear to offer features
like asset tracking systems. For instance, a microcontroller chip fitted inside
a loT-incorporated wearable can help collect real-time data about the posture,
toxic gas exposure, motion, breathing, and heart rate of the workers, and this
information is accessible and visible to the person in charge. This technology
enables organizations to ensure workers’ safety by effectively supervising
their health conditions. Eniday, an Italy-based company, manufactures workwear
with IoT features.
The
apparel product segment dominated the global market in 2021 and accounted for
the largest share of the global revenue. Growing participation and the
inclination of people toward job opportunities are among the major factors
driving the growth of the market. Moreover, the easy availability of durable,
comfortable as well as customized products is expected to boost the demand for
apparel in the coming years. The protective apparel sub-segment is poised to
witness exponential growth, particularly generating huge demand from the
medical & healthcare industry. Workwear for biological application holds
immense potential and has offered lucrative growth opportunities on account of
the COVID-19 pandemic giving further push to the segment.
In
the biological industry, workwear is used in microbiological laboratories,
sewage work, waste treatment, biotechnological production, etc. Thus, the
segment is projected to grow at the fastest CAGR during the forecast period.
The market is highly fragmented with a major share occupied by a few firms like
3M, Carhartt Inc., Honeywell International Inc., and Kimberly Clark Corp. Key
players operating in the market are implementing strategic initiatives, such as
product launch, acquisition, and venturing to strengthen their market
positions. These strategies also help in increasing their geographical reach,
cutting down competition, and gaining additional share in the market. For
strategic and financial buyers alike, the most attractive M&A targets will
have strong leadership including a deep bench of rising, future leaders.
Related Press
Release@ Workwear
Market Report
Workwear Market Report Highlights
- The footwear
segment is anticipated to grow at the fastest rate over the forecast
period. Increasing cases of accidents at workplaces have been boosting the
demand for protective shoes across various industries
- The
improving women to men ratio in the global workforce market, coupled with
the increasing participation of women in the corporate sector, is expected
to drive the demand for women's workwear
- In addition,
a rising number of women pursuing higher education worldwide is expected
to increase their involvement in the labor force. This, in turn, is likely
to positively impact the market for women’s workwear
- Asia Pacific
is set out to surpass the regional market growth in the years to come. The
growing job opportunities in this region are expected to spur the demand
for workwear clothing
- In addition,
the massive growth of the e-commerce industry in this region has increased
the availability of a variety of workwear products, thereby supporting
market growth
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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