
Published On: Oct 2022
Published On: Oct 2022
At 7.0% CAGR, the Asia Pacific Industrial Workwear Market is projected to be worth US$ 4,793.85 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific industrial workwear market was valued at US$ 3,191.43 million in 2022 and is expected to reach US$ 4,793.85 million by 2028, registering an annual growth rate of 7.0% from 2022 to 2028. Increase in number of industrial accidents and introduction of stringent government regulations are the critical factors attributed to the market expansion.
Industrial accidents are one of the major concerns across various industries. The accidents can lead to severe consequences on human health. Increased number of accidents in the industry has raised concerns regarding workers safety and resulted in the implementation of stringent regulations for their safety. Owing to the increasing number of industrial accidents, employers are adopting several standards defined by national and international organizations to ensure the well-being and safety of their employees at the workplace. Industrial workwear is designed to provide protection, durability, and comfort to employees while working across diversified industrial bases and helps them avoid severe casualties at the workplace, thereby improving the working efficiency of the workers. Thus, an increase in industrial accidents and work-related mortality propel the demand for the industrial workwear to ensure the workers’ safety, which, in turn, drives the market growth.
On the contrary, growing adoption of industrial automation hampers market Asia Pacific industrial workwear market.
Key players dominating the Asia Pacific industrial workwear market are ARAMARK; AlsicoGroup; Honeywell InternationalInc. Lakeland Industries Inc.; VF Corporation; and Ansell Ltd.
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