03 Oct 2018 – Global Personal Protective Gloves Market is anticipated to reach USD 15.78 billion by 2024. The factors that propel the industry growth of the personal protective gloves include increasing number of arm injuries, hand cuts, and abrasions in the workshop are anticipated to drive market demand in the forecast period.
The “Manufacturing” segment led the market in 2015 and is anticipated to maintain its dominance by 2024 due to numerous primary and additional procedures involved in manufacturing business such as grinding, welding and torch cutting may cause damages to employees, and rising concern toward employee security is anticipated to propel gloves demand over the forecast period.
Smart Glove Market was valued US$ 1859 Mn in 2017 and is expected to reach US$ 3872 Mn by 2026 at a CAGR of 9.61% during the forecast period.
Global Smart Glove Market Advancement in research and technology and entry of smaller players in global smart glove market, are the major factors for growth of global smart glove.
Also growth in the usage of wearable technologies drive the global market of smart glove.High growth rate in smaller market segment and increasing flexibility in wearable technology provides large opportunities for global smart glove market.
The healthcare sector has approved the use of smart gloves for real-time tracking of heartbeats, body hydration level, and converting hand gestures into speeches.
North America held the maximum revenue financier to the smart glove market in 2016, accounting for about 40% share, because of surge in demand for advanced circuitry, wireless connectivity, and independent processing capability.The Asia-Pacific market is expected to register the highest CAGR during the forecast period, because of the growth in technological developments and rise in purchasing power among people.India, China, and South Korea are estimated to cover large profit shares because of growing digitization, a rapid increase in the use of smartphones and wireless connectivity.
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