Stratview Research has launched a new report, titled Firefighter PPE Market is Segmented by Product Type (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, the rising incidence of fire incidents has resulted in a greater demand for firefighters, which is projected to drive the sales of firefighter PPE in the coming years. Since PPE provides the highest level of protection to wearers, the demand for helmets and wearable apparel/gear is likely to increase at a healthy pace during the forecast period. The government mandates are also expected to govern the safety of firefighters and would give additional impetus to this expanding market. As a result, the firefighter PPE market is likely to grow at a promising CAGR of 4.9%, in the long run, to reach a value of US$ 2.2 Billion in 2027.
Market Segments’ Analysis
Based on the product type, the firefighter PPE market is segmented into apparel (wearable gear) and helmets. The apparel segment is predicted to witness faster growth during the forecast period since it is replaced more frequently as compared to the helmets, paired with the organic growth of firefighter safety equipment. On the other hand, helmets form the dominant segment accounting for more than half of the market, and are expected to maintain their dominance throughout the forecast period.
In terms of regions, North America is expected to remain the largest market for firefighter PPE during the forecast period. A large number of global and regional players, such as MSA, Honeywell International Inc., and 3M, which are also the market leaders, are present in the region. The USA remains the world’s largest market for firefighter safety equipment, supported by a huge expenditure of the country on firefighter safety equipment. 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. Asia-Pacific is estimated to remain the fastest-growing market in the years to come, propelled by China, India, and Japan.
The following are the key players in the Firefighter PPE 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 Personal Protective Equipment (PPE) 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 Personal Protective Equipment (PPE) Marketcompetition?
- What are the key emerging trends and unmet needs in the present market?
- What are the strategic growth opportunities and key success factors?
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