Industrial Workwear Market to Record $51.11 BN by 2027
The global industrial workwear market is growing at a healthy rate, with a CAGR of 6.19%. In the future, the demand and behavior of consumers are expected to become complex, technology-oriented, and difficult to predict. New technologies, such as mobile payment infrastructure and virtual fashion shows, could help in customizing changes with the reduction of waste and extension of the product lifecycle. Hence, workwear innovations and smart solutions to improve work clothing is anticipated to contribute to the growth of the global industrial workwear market in the upcoming years.
Moreover, growing job prospects and developments in end-user industries, such as manufacturing, are expected to drive the demand for industrial workwear. The target market is anticipated to reflect growth due to several factors, such as investments in fabric production, product research, and development. The demand for industrial workwear is rising across the world across diverse industries, including pharmaceuticals, semiconductors, biotechnology, and chemicals.
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With the rapid growth of industrial and service sectors in developing economies, the size of the workforce is expected to rise soon. Hence, the growing awareness among corporate about the benefits of well-planned and organized workwear is projected to grow the acceptance of workwear. Necessary workwear comprises traditional workwear usually worn across industries, such as the industrial sector, hospitality, healthcare, defense, and police. The demand for lighter workwear rose owing to the increasing focus on safety, durability, and comfort. The growth of the industrial workwear market is supported by rising trends toward product innovation, along with technological innovation.
Developments
- In 2021, Alexandra one of the market players seized a contract of over $1 million to offer winter uniforms for COVID-19 testing center staff in the UK. This contract involves supplying of nearly 80,000 items, ranging from thermal footwears and body warmers to hi-vis jackets, fleeces, and coats. Also, Alexandra underwent a digital makeover with the launch of its new websites. AI has been used within the sites search functionality to make it easier for customers to find products according to their requirements.
- In 2021, MSA, a manufacturer of workwear protection and safety, acquired Bristol Uniforms, a designer, and a manufacturer of protective clothing for emergency services in UK and across the world.
- In 2021, Hultafors group acquired Fristads, kanas and Leijona. Fristads, kanas and Leijona are the brands that produce professional workwear for a variety of end-users and have considerable footholds in markets of Denmark, Sweden, and Finland.
Regional Insights
Strict regulatory requirements combined with a high degree of safety consciousness in industries are projected to fuel regional demand development over the next five years. Rapid industrialization and the implementation of stringent industrial safety regulations in emerging markets act as key drivers in the global industrial workwear market. APAC is expected to be the fastest-growing regional market for industrial workwear. The rise in construction and production of automobiles are major factors expected to boost the demand for industrial workwear in Latin America, with Brazil, Mexico, and Argentina being the main markets. However, an increase in infrastructural development in countries such as Peru, Chile, and Colombia, is expected to provide growth opportunities for the market. Moreover, the rise in construction and production of automobiles are also major factors expected to boost the demand for industrial workwear in Latin America, with Brazil, Mexico, and Argentina being the main markets. However, an increase in infrastructural development in countries such as Peru, Chile, and Colombia, is expected to provide growth opportunities for the market.
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