Report : Europe Industrial Workwear Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type (Top Wear, Bottom Wear and Coveralls), End-use Industry (Oil and Gas, Construction, Manufacturing, Automotive, Chemical and Others), Fit Type (Men, Women, Unisex) and Distribution Channel (Online and Offline)
At 6.5% CAGR, the Europe Industrial Workwear Market is speculated to be worth US$ 5,530.21 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe industrial workwear market was valued at US$ 3,786.43 million in 2022 and is expected to reach US$ 5,530.21 million by 2028, registering an annual growth rate of 6.5% 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. 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. Over the past, successive major accidents in the chemical industry have caused deaths, numerous injuries, significant environmental pollution, and massive economic loss. According to the Environmental Ministry, the number of deaths in the chemical industry have reduced by nearly 41% from 2015 to 2018, while the number of injured has significantly gone up. 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 Europe industrial workwear market.
- Based on product type market is segmented into topwear, bottom wear, and coveralls. The topwear segment held 44.88% market share in 2022, amassing US$ 1,699.19 million. It is projected to garner US$ 2,455.83 million by 2028 to expand at 6.3% CAGR during 2022–2028.
- Based on category, the Europe industrial workwear market is segmented into men, unisex, and women. The men segment held 64.87% market share in 2022, amassing US$ 2,456.39 million. It is projected to garner US$ 3,553.51 million by 2028 to expand at 6.3% CAGR during 2022–2028.
- Based on end user, the Europe industrial workwear market is segmented into construction, oil & gas, chemicals, manufacturing, automotive, and others. The others segment held 40.39% market share in 2022, amassing US$ 1,529.22 million. It is projected to garner US$ 2,219.98 million by 2028 to expand at 6.4% CAGR during 2022–2028.
- Based on country, the Europe industrial workwear market has been categorized into Germany, UK, France, Italy, Russia and Rest of Europe. Our regional analysis states that Rest of Europe captured 47.17% market share in 2022. It was assessed at US$ 1,786.14 million in 2022 and is likely to hit US$ 2,464.55 million by 2028, exhibiting a CAGR of 5.5% during the forecast period.
Key players dominating the Europe industrial workwear market are Carhartt, Inc.; ARAMARK; Alsico Group; A. LAFONT SAS; Honeywell International Inc.; Hultafors Group AB; Lakeland Industries Inc.; VF Corporation; Ansell Ltd.; Mustang Workwear.
- In May, 2021; Aramark announced plan to separate uniform services business into independent publicly traded company.
- In Mar,2022; Carhartt, Inc. Re-engineers force t-shirt to beat a new kind of heat.
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