The cut resistant gloves global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cut Resistant Gloves Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size —
The cut-resistant gloves market size has grown strongly in recent years. It will grow from $1.43 billion in 2023 to $1.53 billion in 2024 at a compound annual growth rate (CAGR) of 7%. The growth in the historic period can be attributed to an increase in industrialization, a rising focus on worker safety, growing economic investment in infrastructure, increasing demand for protective equipment, and increasing risk awareness.
The cut-resistant glove market size is expected to see strong growth in the next few years. It will grow to $2.02 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to the increasing manufacturing sector, rising urbanization, rising government initiatives, rising construction activities, and increasing health and safety training. Major trends in the forecast period include increasing demand for high-performance materials, advancements in glove technology and design, development of sustainable and eco-friendly glove options, growing adoption of smart technology and embedded sensors, and a rise in the use of advanced materials.
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Scope Of Cut Resistant Gloves Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cut Resistant Gloves Market Overview
Market Drivers –
An increasing manufacturing sector is expected to propel the growth of the cut-resistant gloves market going forward. Manufacturing activities refer to the processes involved in producing goods from raw materials through the use of machinery, labor, and technology. Technological advancements such as automation and AI boost manufacturing growth by enhancing efficiency, reducing costs, and improving product quality. Cut-resistant gloves protect against sharp object injuries in manufacturing, ensuring a safer work environment, reducing downtime, and boosting productivity. They also help companies comply with safety standards, minimizing legal risks and safeguarding employee well-being. For instance, in July 2024, according to the Office for National Statistics, a UK-based government department, in 2022, the total value of product sales by UK manufacturers reached £429.8 billion ($469.34 billion), marking a £28.4 billion ($31.01 billion) increase from £401.5 billion ($438.43 billion) in 2021, which represents a 7% rise. Therefore, the increasing manufacturing sector is driving the growth of the cut-resistant gloves market.
Market Trends —
Major companies operating in the cut-resistant gloves market are developing new generation safety gloves to provide better protection against cuts and abrasions, meeting the stringent safety requirements of various industries. Safety gloves are protective wear intended to shield the hands and fingers from injuries and dangers in different work settings. For instance, in June 2023, Stalsen, a UK-based manufacturer of safety gloves, launched the Rayza RX562 and the Rayza RX563. These cut-resistant gloves are the first in the UK to feature 21-gauge technology, making them more than 16% thinner than the previous 18-gauge models and 40% thinner than standard 15-gauge gloves. This advancement delivers a second-skin sensation, boosting dexterity and flexibility for precise tasks. Both versions provide top-level cut protection rated at level F, balancing safety with comfort. Additionally, the gloves are touchscreen compatible, enabling users to interact with smart devices without removing them, which is beneficial in diverse professional environments.
The cut resistant gloves market covered in this report is segmented —
1) By Type: Reusable, Disposable
2) By Material: Latex, Nitrile, Neoprene, Leather, Vinyl, Polyethylene, Other Materials
3) By End-Use Industry: Automotive, Chemical, Machinery And Equipment, Metal Fabrication, Oil And Gas, Mining, Other End-Use Industries
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Regional Insights —
North America was the largest region in the cut-resistant gloves market in 2023. The regions covered in the cut resistant gloves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies —
Major companies operating in the cut resistant gloves market are Honeywell International Inc., 3M Company, Kimberly-Clark Worldwide Inc., W.W. Grainger Inc., Bunzl Processor Division, Midas Safety Inc., Ansell Limited, Magid Glove and Safety Manufacturing Company LLC, Delta Plus Group, Towa Corporation, Superior Glove Works Ltd., Wells Lamont Industrial LLC, Globus Group, Dexter Russell Inc., Forney Industries Inc., Mechanix Wear LLC, Bob Dale Gloves and Imports Limited, MCR Safety Inc., Stalsen, Stark Safe, UVEX WINTER HOLDING GmbH & Co. KG
Table of Contents
1. Executive Summary
2. Cut Resistant Gloves Market Report Structure
3. Cut Resistant Gloves Market Trends And Strategies
4. Cut Resistant Gloves Market — Macro Economic Scenario
5. Cut Resistant Gloves Market Size And Growth
…..
27. Cut Resistant Gloves Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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