Personal Protective Equipment Manufacturing in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: January 2024
NAICS OD4216Revenue
$7.0bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
16,819
Businesses
282
Wages
$X.Xbn
Personal Protective Equipment Manufacturing in the US industry analysis
Personal protective equipment (PPE) quickly became a part of the lexicon in 2020 as consumers and businesses rushed to stockpile disposable masks and gloves. But, while the sudden onset of the pandemic introduced unprecedented demand to PPE manufacturers, the production of personal protective equipment has been increasingly critical to settings ranging from healthcare to industrial for years. Emphasis on workplace and employee safety has risen, driven by stricter OSHA regulations, billions lost in workplace injuries annually and increasing industrial output, strengthening PPE sales. Innovation is also moving the industry forward, with advances in materials, processes and technology transforming what manufacturers can offer to end users. While this growing market has benefited manufacturers, it hasn’t come without headwinds. An evolving PPE market has become filled with more private-label manufacturers and lower-cost substitutes from abroad than ever, creating tense price pressures for major conglomerates and smaller companies alike. In all, revenue has been expanding at a CAGR of 4.8% to an estimated $7.0 billion over the past five years, including an expected jump of 2.2% in 2023.
Trends and Insights
- Production of personal protective equipment stays high even as demand drops in some areas. While unprecedented demand from consumers and healthcare settings during the pandemic has subsided, PPE producers are filling demand and from strengthening manufacturing and industrial markets.
- Construction and manufacturing industries represent major markets for this industry. Demand from these markets typically grows during economic expansions.
- Personal protective equipment manufacturers are primarily located in areas with large populations as these areas represent a significant source of revenue.
- The ability of companies in this industry to compete effectively depends on several factors, including the ability to negotiate favorable input prices and access to large government and private contracts.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 4.8 % over the past five years, to reach an estimated $7.0bn in 2024.
Trends and Insights
Manufacturers benefit from worksite safety regulations
- Personal protective equipment manufacturers benefit from regulations requiring employers to supply protective equipment to their employees. Employers are trying to reduce workplace injury incidence to keep costs down and retain maximum productivity.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Construction markets will recover as interest rates ease
- Construction industries, which represent major personal protective equipment manufacturers markets, will recover from the pandemic, contributing to growth in this industry's revenue.
Biggest companies in the Personal Protective Equipment Manufacturing in the US
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
3m Company | 2,153.4 | 424.7 | 19.7 | |
Honeywell International Inc. | 1,470.8 | 225.7 | 15.3 | |
Msa Safety Incorporated | 478.7 | 44.3 | 9.3 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Respiratory protection, Protective footwear and Protective clothing. Respiratory protection is the largest segment of the Personal Protective Equipment Manufacturing in the US.
Trends and Insights
Public service industries mainly use protective clothing
- Protective clothing includes clothing worn by workers to protect from spills and contamination or to increase visibility. This segment includes hazmat suits, coveralls and reflective vests.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Medical Instrument & Supply Manufacturing in the US
Complementors
- Power Tools & Other General Purpose Machinery Manufacturing in the US
- Manufactured Home Wholesaling in the US
- Industrial Supplies Wholesaling in the US
International industries
- Power Tools & Other General-Purpose Machinery Manufacturing in Canada
- Machine Tool and Parts Manufacturing in Australia
- Respiratory Protection Equipment Manufacturing in the UK
Table of Contents
About this industry
Industry definition
Companies in this industry manufacture personal protective equipment. This includes protective equipment for hands, feet, eyes, ears, faces and respiratory systems. Manufacturers also produce ergonomic and fall protection equipment, as well as protective clothing, like hazmat suits and reflective vests.
What's included in this industry?
Head protection equipment manufacturingRespiratory protection equipment manufacturingHearing protection equipment manufacturingFall protection systems manufacturingCompanies
3m CompanyHoneywell International Inc.Msa Safety IncorporatedPurchase this report to view all 3 major companies in this industry.
Related Terms
BUMP CAMPCARABINERERGONOMICSIndustry Code
NAICS 33911 - Personal Protective Equipment Manufacturing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Production of personal protective equipment stays high even as demand drops in some areas. While unprecedented demand from consumers and healthcare settings during the pandem...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Construction and manufacturing industries represent major markets for this industry. Demand from these markets typically grows during economic expansions.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Personal protective equipment manufacturers are primarily located in areas with large populations as these areas represent a significant source of revenue.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The ability of companies in this industry to compete effectively depends on several factors, including the ability to negotiate favorable input prices and access to large gove...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Major players' future results are subject to vulnerability with respect to materials and fluctuations in the costs and availability of purchased components, compounds, raw mat...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of 3m Company's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Honeywell International Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Msa Safety Incorporated's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for 3m Company, and factors influencing its performance in the industry
- Description and key data for Honeywell International Inc., and factors influencing its performance in the industry
- Description and key data for Msa Safety Incorporated, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Industry assistance related to the COVID-19 pandemic has benefited the industry by prioritizing the production of face masks nationwide and providing additional funds to PPE m...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit depends on many factors, including tariffs on goods manufactured in the United States, the price of raw materials and the level of demand.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Personal Protective Equipment Manufacturing in the US industry in United States in 2024?
The market size of the Personal Protective Equipment Manufacturing in the US industry in United States is $7.0bn in 2024.
How many businesses are there in the Personal Protective Equipment Manufacturing in the US industry in 2024?
There are 282 businesses in the Personal Protective Equipment Manufacturing in the US industry in United States, which has grown at a CAGR of 5.0 % between 2019 and 2024.
Has the Personal Protective Equipment Manufacturing in the US industry in United States grown or declined over the past 5 years?
The market size of the Personal Protective Equipment Manufacturing in the US industry in United States has been growing at a CAGR of 4.8 % between 2019 and 2024.
What is the forecast growth of the Personal Protective Equipment Manufacturing in the US industry in United States over the next 5 years?
Over the next five years, the Personal Protective Equipment Manufacturing in the US industry in United States is expected to grow.
What are the biggest companies in the Personal Protective Equipment Manufacturing in the US market in United States?
The biggest companies operating in the Personal Protective Equipment Manufacturing market in United States are 3m Company, Honeywell International Inc. and Msa Safety Incorporated
What does the Personal Protective Equipment Manufacturing in the US in United States include?
Head protection equipment manufacturing and Respiratory protection equipment manufacturing are part of the Personal Protective Equipment Manufacturing in the US industry.
Which companies have the highest market share in the Personal Protective Equipment Manufacturing in the US in United States?
The company holding the most market share in United States is 3m Company.
How competitive is the Personal Protective Equipment Manufacturing in the US industry in United States?
The level of competition is moderate and increasing in the Personal Protective Equipment Manufacturing in the US industry in United States.
