Manufacturing Industry
New rules, new buyers, new goods spur safety product sales. (MRO Supplement)
Purchasing, September, 1994
Expect the markets for both personal and nonpersonal safety products to remain strong for the next several years. Increased emphasis on safety, as well as the number of employees in service and trade industries, are spurring sales even while sales to more traditional safety product customers - other than mining - are growing, too.
A pair of new studies on the safety products industry by consultants Frost & Sullivan outlines the growth potential of the personal protection and the larger nonpersonal protection markets. In its study of the personal protection safety products markets - quipment worn by workers, like hard hats, goggles, ear plugs, respirators, gloves, and boots - Frost & Sullivan forecasts revenue growth averaging 7.2% a year between...
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