Market Information
Broad Prospect for China's Safety Product Market
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11/07/2007  

With the development of Chinese economy, China’s reinforced supervision and administration of safe production, recognition of the importance of occupational health, and the intensified awareness of personal safety, the personal protection equipment industry will have an expanded market and better prospect. In recent years, Chinese economy developed at the speed of around 10% annually. In 2006, the industries of petroleum and chemistry, mining, architecture, power supply and energy even developed at the high speed of 12.5%. China is increasing its investment in the safe work of relevant industries. Statistics show that over RMB 360 billion has been invested in personal protection equipment, safety facilities and safety examination instruments annually by the government, including RMB 50 billion to the safe work of coal mining industry. Immense prospect has emerged to the demand of safe work of various industries. In China, work safety product alone has a market potential valued at RMB 60 billion, which includes the 25-billion-market of special protection product that directly protects the safety and health of workers.

 

The successful application to hold World Expo 2010 and the adoption and use of new technology, materials and techniques in the construction of stadiums for the 2008 Olympic Games, as well as the requirements of the State Council on the safe development of economic construction, vast demand for high-tech top-end personal protection equipment and safety facilities will emerge in the Chinese market, and the speed of increase will accelerate quickly.

 

Government Investment in Personal Protection, Safety Examination Instrument, Safety Equipment and Facility

Year

Amount (100 million Yuan)

2005

3,600

2006

4,140

2007

4,760

2008

 5,470

 

Number of Enterprises in Major Industries in China

Industry

Number

 

Industry

Number

Mining

140,000

Rubber product, plastic product

189,000

Petroleum and gas exploration

3,900

Paper and paper product

88,000

Raw chemical material and chemical product

180,000

Print and replication of recording medium

90,000

Pharmacy

30,000

Leather, fur and feather

60,000

Metallurgy

77,000

Textile and apparel, footwear and headgear

15,000

Architecture

140,000

Food, beverage, tobacco       

18,270

Power and heat      

700,000

Furniture production         

60,000

Traffic and transportation

274,500

Banking  

190,000

Gas production and supply

6,000

 

 

 

 

 

Notice:
 
MDS
Instrumentation Technology and Economy Institute, P.R.China

International Social Security Association (ISSA)
The International Labour Organization
National Safety Council (U.S.A.)
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