Transparency Market Research delivers key insights on the EMEA and Asia Pacific electrical insulating rubber gloves market. In terms of revenue, the EMEA and Asia Pacific electrical insulating rubber gloves market is estimated to expand at a CAGR of 6.6% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the EMEA and Asia Pacific electrical insulating rubber gloves market.
Rapid industrialization and commercialization are occurring in developing countries, besides growth in the demand for a wide range of safety products among workers. Manufacturers have the opportunity to target these economies and extend their business & market in emerging nations. This is expected to boost the market during the forecast period.
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EMEA and Asia Pacific Electrical Insulating Rubber Gloves Market: Key Segments
Based on product type, natural rubber gloves currently dominate the segment and is expected to remain the dominant electrical insulating rubber gloves segment in both these regions during the forecast period. Moreover, their demand is expected to rise during the forecast period in these regions. Natural rubber gloves have tough characteristics and good puncture resistance due to which the gloves are widely preferred by end users.
Based on Class, Class 0 gloves, followed by Class 1 and Class 2 category gloves are expected to dominate the EMEA and Asia Pacific electrical insulating rubber gloves market. Majority of activities in these regions has an electrical risk of up to 1000 V. The electrical committee association of various countries of these regions has made it compulsory for all electricians to use electrical protection gloves for safety purposes based on the level of requirement and need.
In terms of maximum voltage, gloves with protection from maximum voltage of 1000 V currently hold majority share of the electrical insulating rubber gloves market, followed by gloves with maximum voltage protection of 7500 V and 17000 V. Moreover, gloves with maximum voltage protection of 1000 V are expected to remain dominant in these regions, followed by maximum voltage of 17000 V gloves.
In terms of size, glove size of 10 inches to 12 inches are expected to dominate the EMEA and Asia Pacific electrical insulating rubber gloves market both in terms of value and volume during the forecast period, followed by the glove size of 7 inches to 9 inches. Gloves with smaller size can be uncomfortable, cause hand fatigue, and compromise dexterity. If the glove material is stretched beyond its capabilities, it could tear or rip easily when in use. Gloves that are too large may literally be pulled off. The correct size of gloves is important for a safe work environment. Size 10 inches to 12 inches provide a greater fit to most workforce of these regions.
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Based on price, low priced electrical insulating rubber gloves currently hold majority share of the electrical insulating rubber gloves market in the two regions both in terms of value and volume, and the trend is likely to continue during the forecast period in these regions. However, the medium priced electrical insulating rubber gloves market is expected to expand at the highest CAGR in these regions. Gloves with medium price are sold extensively as they are cost effective, providing all the required protection.
In terms of end-use, in EMEA and Asia Pacific, the industrial sector is expected to hold dominant position both in terms of value and volume in the market. Both these regions are witnessing growth in their industrial sector and have prominent end-use industries of electrical insulating rubber gloves.
Based on application, electrical equipment manufacturing is expected to remain the dominant application of electrical insulating rubber gloves in both the regions, followed by power maintenance, repair & transmission application during the forecast period. Both these regions are witnessing growth in their electrical equipment manufacturing and this growth is likely to continue during the forecast period.
Based on distribution channel, the online channel of distribution is likely to expand at the fastest CAGR; however, offline are expected to be the most popular sales channels for electrical insulating rubber gloves in terms of both value and volume during the forecast period. The ease of availability of products through online sales channels, such as company websites and e-commerce sites, is projected to continue to rise across the regions during the forecast period.
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EMEA and Asia Pacific Electrical Insulating Rubber Gloves Market: Prominent Regions
Among regions, Asia Pacific holds majority share of the electrical insulating rubber gloves market. This market in Asia Pacific is expected to remain dominant at the fastest CAGR during the forecast period. China is projected to dominate the Asia Pacific electrical insulating rubber gloves market both in terms of revenue and units sold. China is a manufacturing hub due to its strong business ecosystem, lack of regulatory compliance, low taxes and duties, and competitive currency practices. This market in India is expected to lead in terms of CAGR. India is witnessing growth in its electronics and electrical manufacturing sector, followed by the construction industry. The rising focus on India can be attributed to India’s operating conditions and cost competitiveness. Moreover, Japan and South Korea too hold significant share of the electrical insulating rubber gloves market.
As compared to other regions, the market in Middle East & Africa is expected to witness slower growth rate during the forecast period.
EMEA and Asia Pacific Electrical Insulating Rubber Gloves Market: Key Players
Key players operating in the EMEA and Asia Pacific electrical insulating rubber gloves market are Ansell Ltd., W. W. Grainger, Inc., Uvex Group, The 3M Company, Stanco Manufacturing, Inc., Honeywell International, Inc., GB Industries Sdn. Bhd., CATU SAS, M. N. Rubber Pvt. Ltd., Orion For Safety, etc.
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