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Showing posts with the label Personal Protective Equipment Market

Personal Protective Equipment Market: Present Scenario and the Growth Prospects with Forecast 2021

In a somewhat consolidated market for personal protective equipment in Saudi Arabia, where the top three companies accounted for over half the share in the overall market in 2014, competition is intense. The key players, namely Honeywell International, 3M Corporation, and MSA Safety, compete on the basis of the range of product offerings. They also bank on brand recall to bolster their sales – something that gives them an edge over smaller local companies. However, local vendors steal a march over prominent ones with cheaper products in the Saudi Arabia personal protective equipment. This has served to dent the shares of big players, who thereby have had to scale back their research and development budgets to cut costs. A report by Transparency Market Research finds that the Saudi Arabia personal protective equipment market will rise at a steady 7.0% CAGR during the period between 2015 and 2021. Expanding at this rate, the market which was worth US$318.7 mn in 2016 will likely ...