Global Workwear Market Overview
The key driver impacting the workwear market is the rapidly growing incidences of workplace accidents and fatalities globally. For instance, as per the International Labor Organization report estimations, around 2.3 million women and men worldwide succumb to work-related accidents or diseases every year. Globally, there are about 340 million occupational accidents with 160 million victims of work-related illnesses every year. The ILO updates point out a rise in accidents and ill health. Moreover, the increasing importance of workwear to show professionalism in the manufacturing and corporate sectors is estimated to be a significant factor aiding the market growth.
According to Value Market Research, the global workwear market size was valued at around USD 29 Billion in 2020 and is estimated to grow at a CAGR of about 4.25% during the forecast period of 2021 to 2027.
The rapidly growing manufacturing sector globally is estimated to augment workwear demand in the forecast period. For instance, according to data published by the United Nations Statistics Division, World manufacturing value-added increased by 3.6 percent in 2018. China leads globally with 28% of global manufacturing output in 2018, followed by the U.S. In North America, manufacturing production maintained relatively superior growth. The USA is a significant contributor to this growth as manufacturing production increased to 3.1% in 2018, which is 1.8% in 2017. However, some disadvantages associated with workwear, such as uneasiness to those who wear it and require regular maintenance, may hamper the global workwear market in the long run. The usage of more polyester negatively impacts industry growth. The current industry trends, such as the increasing awareness amongst the corporates regarding the benefit of workwear, and the rise in the services industry, are expected to provide market players with several market opportunities.
The workwear market is vast, with many local and global players. The key leaders follow different strategies to improve their market position, such as contracts, mergers, contracts, extending product portfolio, acquisitions, expansions, and product innovations to augment their market share globally. For instance, in January 2017, AHLSELL had acquired Jobline UMEA AB, which offers personal protective equipment and workwear to small and medium-sized professional customers in Umeå and its surroundings, north of Sweden. The known players included in the report are Alamark, Carhartt Inc., Alexandra, Alsico NV, A. LAFONT SAS, ADITYA BIRLA GROUP, 3M, ANSELL Ltd., Honeywell International Inc, and Kimberly-Clark Worldwide, Inc.
In this research report, the workwear market is segmented by workwear products, demography, applications, and regions.
Analysis by Workwear Product:
By workwear products, the report is categorized into apparel and footwear. Apparel dominates the type segment with over 60% share in 2020. It is due to the rising popularity of advanced apparel products equipped with fabric technology, which provides flexible and lightweight characteristics. Moreover, growing new product launches in terms of the growth of new apparel, which is equipped with sensors that maintain body temperature, contributes to the high demand for workwear in the forecast period.
Analysis by Demography:
By work wear demography, the report is categorized as men and women. The men category segment dominates the application segment with over 55% share in 2020. It is due to the high concentration of men workers in the manufacturing sector. The women segment is estimated to grow at a significant rate due to the growing working women population. A decreasing trend of gender discrimination towards heavy work worldwide is the important factor responsible for the high demand from women in the forecast period.
Analysis by Application:
By applications, the report is categorized as chemical, power, food & beverage, biological, and others. The Food & Beverage segment is estimated to be the fastest-growing segment in the forecast period. It is due to the rapidly growing food sector globally, and many companies are coming up with their new food and beverage products to meet high market demand. Moreover, the massive demand for some popular workwear in this sector, such as protective clothing, chef gear, safety footwear, safety spectacles and goggles, safety gloves, etc., is the significant factor responsible for the growing demand from the food sector in the forecast period.
Analysis by Region:
In the regional outlook of the global workwear market, the North America region dominates with a 45% market share in 2020. The strict implementation of government regulations that compel employees to wear workwear in the U.S. and Canada manufacturing sector is a critical factor driving regional growth. Also, U.S. has the second largest manufacturing sector globally as per the United Nations Statistics Division report, thus create more need for workwear products. Asia Pacific region is estimated to show considerable market growth in the forecast period. The strong presence of the working-class population in countries such as China, India, and Japan with the rising number of manufacturing units due to easy availability of raw material and cheap labor contributes to the development of the workwear market across the Asia Pacific.
Market Segmentation covered in the Report:
- Food & Beverage
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.