Increase in Number of Industrial Accidents to Drive Industrial Workwear Market During 2021–2028
According to our latest market study on “Industrial Workwear Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type (Top Wear, Bottom Wear, and Coveralls), Category (Men, Women, and Unisex), and End Use (Construction, Oil & Gas, Chemicals, Automotive, Manufacturing, and Others),’’ the market is expected to grow from US$ 10,956.69 million in 2021 to US$ 16,697.49 million by 2028; it is estimated to grow at a CAGR of 6.3% from 2022 to 2028.
Industrial accidents are one of the major concerns across various industries. The accidents can lead to severe consequences on human health. According to the International Labour Organization (ILO), ~2.78 million work-related deaths are recorded yearly, of which 2.4 million are related to occupational diseases. Additionally, ~340 million occupational accidents and 160 million victims of work-related illness are reported across the world annually. In addition, ILO stated that most of the deaths among workers are caused due to work-related diseases. Hazardous substances alone are estimated to cause 651,279 deaths per year.
Many industries, such as construction, mining, oil & gas, automotive, and chemical, record numerous work-related deaths and injuries. The construction industry has recorded a disproportionately high rate of accidents. According to the International Journal for Research in Applied Science & Engineering Technology, construction-related deaths accounted for around 18.17% of fatalities across the US from 2009 to 2018. The automotive industry also reports considerably high injury rates. According to the US Bureau of Labor Statistics, in 2018, 6.3 workers per 100 workers in the automotive industry suffered nonfatal injuries and illness. Further, the researchers from University of Illinois at Chicago found that around 71% of workers in the industry suffered from injuries at one point of time.
Carhartt, Inc.; ALSICO; A.LAFONT SAS; Honeywell International Inc.; Hultafors Group; Lakeland Inc; Aramark; Ansell Ltd.; VF Corporation; and Mustang Workwear are among the key players operating in the global industrial workwear market. These companies have a widespread global presence, which allows them to serve a large set of customers from across the world and subsequently increases their market share. They heavily focus on new products launch and geographical expansion to expand their product range in specialty portfolios.
Impact of COVID-19 Pandemic on Industrial Workwear Market
The COVID-19 pandemic and extended lockdowns hampered the demand for industrial workwear products in various sectors, including oil & gas, construction, manufacturing, automotive, and chemicals. Consumers preferred industrial workwear in various industrial sectors to ensure their safety at the workplace. However, the industrial workwear industry faced unprecedented challenges during the COVID-19 outbreak in 2020. Manufacturers of industrial workwear faced significant challenges due to supply chain constraints caused by nationwide lockdowns, trade bans, and travel restrictions. The disruptions in supply chains created a shortage of raw materials, which hindered the production and distribution of various industrial workwear products.
In the initial phase of the COVID-19 pandemic, the implementation of lockdown restrictions and shutdown of manufacturing units hampered production levels, which created a demand and supply gap. These factors hampered the profitability of various small-scale and large-scale industrial workwear manufacturers. Moreover, the closing of industrial sectors during the pandemic restrained the growth of the industrial workwear market. In 2021, various economies and industries resumed operations as governments announced the relaxation of the previously imposed restrictions.
Industrial Workwear Market Breakdown – by Region
Industrial Workwear Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Top Wear, Bottom Wear, and Coveralls), Category (Men, Women, and Unisex), and End Use (Construction, Oil & Gas, Chemicals, Automotive, Manufacturing, and Others)
Industrial Workwear Market Demand & Industry Trends by 2028
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The report segments the Industrial Workwear Market as follows:
Based on product type, the industrial workwear market is segmented into top wear, bottom wear, and coveralls. Based on category, the market is segmented into men, women, and unisex. Based on end use, the industrial workwear market is segmented into oil & gas, chemical, automotive, manufacturing, construction, and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America.