Published Date: 28-Jul-22
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According to a new report, published by KBV research, The Global Workwear Market size is expected to reach $23.5 billion by 2028, rising at a market growth of 5.7% CAGR during the forecast period.
The Footwear market would showcase a CAGR of 7.7% during (2022 - 2028). Footwear holds great importance while working in a high-risk industry where it is likely to sustain an injury while walking around the heavy machinery. Footwears are used in any kind of industry whether its heavy steels, consumer goods, automobiles, chemical, agricultural, and many more. It provides worker a sense of comfort while dealing with life risking machineries.
The Men market is leading the segment in Global Workwear Market by Demography in 2021, thereby, achieving a market value of $13.8 Billion by 2028. This segment's growth can be attributed to a high concentration of male workers in the manufacturing sector, which drives up demand for clothes and footwear. In addition, the industry has noticed a trend of corporations purchasing men's workwear in quantity.
The Power market would exhibit a CAGR of 6% during (2022 - 2028). The workers performing on power are accountable for installation and maintenance of lights and high-tension wires on residential and commercial based buildings. The power worker is exposed to low and high voltage electrical risks. The common hazards that a power worker is exposed are electric shock and arc flash, and therefore, workers require safe workwear to use while working in such life risking workplace.
The Asia Pacific segment shows high market share in Global Workwear Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $10.3 billion by 2028. The Europe market is exhibiting a CAGR of 5.2% during (2022 - 2028). Additionally, The North America market is expected would generate a CAGR of 5% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/workwear-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of
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