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Sales Rise as Comfort Takes Precedence over Price in North American Hand Protection PPE Market, Observes Frost & Sullivan

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Sales Rise as Comfort Takes Precedence over Price in North American Hand Protection PPE Market, Observes Frost & Sullivan PR Newswire MOUNTAIN VIEW, California, July 19, 2012 - Safety regulations and greater awareness boost glove sales MOUNTAIN VIEW, California, July 19, 2012 /PRNewswire/ -- The industrial hand protection personal protective equipment (PPE) market is shedding the weight of commodification, as an increasing number of end users are looking to invest in ergonomic gloves that offer better fit, dexterity, comfort and functionality. Although end-users are aware of the need for hand protection, they are less likely to wear a glove if it impedes their work efficiency or if it is uncomfortable. New analysis from Frost & Sullivan (http://www.chemicals.frost.com), North American Hand Protection PPE Market, finds that the market earned revenues of $1.90 billion in 2010 and estimates this to reach $2.27 billion in 2017. This is due to increasing safety regulations and sophistication in customer expectations and requirements. If you are interested in more information on this research, please send an email to Jeannette Garcia, Corporate Communications, at jeannette.garcia@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country. Buoyed by end-user interest, glove manufacturers are raising the quality and functionality of their equipment by using novel and advanced materials.
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Sales Rise as Comfort Takes Precedence over Price in North American Hand Protection PPE Market, Observes Frost & Sullivan
PR Newswire MOUNTAIN VIEW, California, July 19, 2012
- Safety regulations and greater awareness boost glove sales MOUNTAIN VIEW, California,July 19, 2012/PRNewswire/ -- The industrial hand protection personal protective equipment (PPE) market is shedding the weight of commodification, as an increasing number of end users are looking to invest in ergonomic gloves that offer better fit, dexterity, comfort and functionality. Although end-users are aware of the need for hand protection, they are less likely to wear a glove if it impedes their work efficiency or if it is uncomfortable. New analysis from Frost & Sullivan (http://www.chemicals.frost.com),North American Hand Protection PPE Market, finds that the market earned revenues of$1.90 billionin 2010 and estimates this to reach$2.27 billionin 2017. This is due to increasing safety regulations and sophistication in customer expectations and requirements. If you are interested in more information on this research, please send an email to Jeannette Garcia, Corporate Communications, at jeannette.garcia@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country. Buoyed by end-user interest, glove manufacturers are raising the quality and functionality of their equipment by using novel and advanced materials. These also cost more. "The glove industry has evolved from basic cotton and leather gloves to high-performance materials that provide better protection," said Frost & Sullivan Senior Research Analyst Anamika Chaudhuri. "This shift is more marked in the mechanical segment, where materials that provide higher levels of cut resistance have become popular." Despite its maturity, the North American industrial hand protection market is not completely saturated. This is caused by gaps in end-user awareness and compliance. As industrial tasks become more specialized and new hazards continue to emerge, market participants will be hopeful of greater opportunities of market expansion. However, the market is overcrowded and low entry barriers attract numerous domestic and international glove manufacturers. Imports have always posed a threat to branded local products, as they are generally priced lower and have gradually improved in quality. This results in price wars and places great pressure on manufacturers' margins. The issue of costs is all the more pertinent because of the volatile raw material prices. Glove manufacturers must revise product prices many times a year in this cost-sensitive market. In deference to the market's maturity, manufacturers must also take efforts to differentiate their products. They need to explore ways to innovate within the existing range of products and solutions to stand out.