Global workwear market forecast to grow
The Universal Workwear Market Report forecasts that worldwide sales of workwear will grow at a compound annual growth rate (CAGR) of 6.1% during the next five years.
This market was worth 32,078 million US$ in 2022 and is expected to rise to 45,743 million US$ by 2028.
The report defines workwear as personal protective equipment (PPE) such as helmets, glasses and gowns that keep workers safe in hazardous work environments. The main driver of the growth in the use of workwear has been stricter government health and safety regulations. There has been an increase in non-compliance penalties for organizations that breach safety laws, which is an incentive to provide workers with effective PPE. The report examines regional markets where health and safety laws are being extended and where there is expected to be an increase in the demand for protective workwear.
Another factor driving workwear sales is the expansion of several industries that operate in hazardous work environments. These include oil and gas, construction and healthcare.
The report takes an in-depth look at the workwear market and the factors that are influencing its growth. It is compiled by Thinking Caps Research from extensive market analysis. Workwear manufacturers and suppliers that would like to expand into new territories will find the report useful in identifying the areas where demand for workwear is likely to grow.
The report also looks at disruptive technologies that are changing how workwear is produced. Workwear manufacturers need to develop new materials and technologies to compete in global markets.
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