At 5.8% CAGR, the South America Industrial Workwear and Gear Market is projected to be worth US$ 3,903.52 million by 2028, says Business Market Insights

According to Business Market Insights’ research, the South America industrial workwear and gear market was valued at US$ 2,788.79 million in 2022 and is expected to reach US$ 3,903.52 million by 2028, registering an annual growth rate of 5.8% from 2022 to 2028.  Increase in number of industrial accidents and introduction of stringent government regulations are the critical factors attributed to the South America industrial workwear and gear market expansion.                

Industrial accidents are one of the major concerns across various industries. Accidents can lead to severe consequences on human health. According to the International Labour Organization (ILO), ~2.78 million work-related deaths are recorded yearly, of which 2.4 million are related to occupational diseases. Additionally, annually, ~340 million occupational accidents and 160 million work-related illness victims are reported worldwide. ILO stated that most of the deaths among workers are caused due to work-related diseases. Hazardous substances alone are estimated to cause 651,279 deaths per year. The increased number of accidents in the industry has raised concerns regarding workers’ safety and resulted in the implementation of stringent regulations for their safety.  Owing to the increasing number of industrial accidents, employers are adopting several standards defined by national and international organizations to ensure the well-being and safety of their employees at the workplace. Industrial workwear is designed to provide protection, durability, and comfort to employees while working across diversified industrial bases and helps them avoid severe casualties at the workplace, thereby improving the working efficiency of the workers. Thus, an increase in industrial accidents and work-related mortality propel the demand for industrial workwear and gear to ensure the workers’ safety, which, in turn, drives the growth of South America industrial workwear and gear market.

On the contrary, growing adoption of industrial automation hurdles the growth of South America industrial workwear and gear market.

On the basis of product type, the South America industrial workwear and gear market is segmented into workwear and uniforms, protective wear and gear, footwear, gloves, and others. The workwear and uniforms segment held 37.6% market share in 2022, amassing US$ 1,048.73 million. It is projected to garner US$ 1,460.59 million by 2028 to expand at 6.0% CAGR during 2022–2028.  

Based on category, the South America industrial workwear and gear market is further segmented into men, unisex, and women. The men segment held 72.1% market share in 2022, amassing US$ 2,011.32 million. It is projected to garner US$ 2,795.34 million by 2028 to expand at 5.6% CAGR during 2022–2028.  

Based on end use, the South America industrial workwear and gear market is segmented into construction, oil and gas, chemicals, heavy industries and manufacturing, mining, pharmaceuticals, and others. The others segment held 30.8% market share in 2022, amassing US$ 859.60 million. It is projected to garner US$ 1,147.81 million by 2028 to expand at 4.9% CAGR during 2022–2028.  

Based on country, the South America industrial workwear and gear market is segmented into Brazil, Argentina, and the Rest of South America. Our regional analysis states that Rest of South America captured 46.4% market share in 2022. It was assessed at US$ 1,293.64 million in 2022 and is likely to hit US$ 1,767.71 million by 2028, exhibiting a CAGR of 5.3% during the forecast period.    

Key players dominating the South America industrial workwear and gear market are 3M Co; Alsico Group; Carhartt, Inc.; Honeywell International Inc.; and Hultafors Group AB among others.  

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