Stratview Research has launched a new report, titled Firefighter Safety Market is Segmented by Product Type (SCBA, Apparel, and Helmet) and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Covid-19 Impact Analysis:
Covid-19 has highly impacted the market dynamics, competition, and supply chain of almost all industries. The revenues have gone down in 2020 and are expected to resume an uptrend gradually from 2021 and continue to grow further. The report covers all the segments that were affected by the pandemic.
According to the report, In order to attract a larger consumer base, the companies are largely focusing on innovations and provisions of a better product. Hence, various manufacturers have stepped up their efforts to improve the attributes of the protective gear for their effective usage, which is also expected to increase their adoption rate. Also, the growing focus on firefighter safety is driving up the sales of firefighter safety equipment, which is fueling the overall market growth as well as creating massive market opportunities in the coming years. Therefore, the market is anticipated to witness a growth at a promising CAGR of 4.8% in the long run to reach a value of US$ 3.1 Billion in 2027.
Market Segments’ Analysis
Based on the product type, the firefighter safety market is classified as SCBA, apparel, and helmets. Currently, helmets dominate the market and are estimated to maintain their dominance in the market throughout the forecast period. Helmets are being proactively used by firefighters and other emergency personnel around the globe. Concurrently, apparel is likely to grow at the fastest rate in the coming years.
In terms of regions, North America is expected to remain the largest market for firefighter safety products during the forecast period. It accounts for almost half of the total market and is home to a majority of the leading players. On the other hand, Asia-Pacific is estimated to register the fastest growth in the coming years. Countries like China, India, and Japan are likely to generate a high demand for firefighter safety equipment in the coming five years. Europe is also likely to create sizeable opportunities in the coming five years and is also estimated to remain the second-largest market by 2027.
The following are the key players in the Firefighter Safety Market.
- Honeywell International Inc.
- Drägerwerk AG & Co. KGaA
- LION Group, Inc.
- Fire-Dex, LLC
- Eagle Technical Products Ltd
Frequently Asked Questions –
This report provides vital information and valuable insights, enabling the users to identify the strategic growth opportunities in the market. The report aims at answering the following key questions:
- What is the current and future market size of Firefighter Safety Market?
- How has the COVID-19 pandemic impacted the market? How fast is it expected to recover?
- What will be the short and long-term effects of the pandemic?
- How are other market factors affecting the market dynamics?
- Which segments offer high-growth opportunities in the long run?
- How fierce is the Firefighter Safety Market competition?
- What are the key emerging trends and unmet needs in the present market?
- What are the strategic growth opportunities and key success factors?
Read the full report: https://www.stratviewresearch.com/2553/firefighter-safety-market.html
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