Travel Safety Kits Market to Reach $5.7 Bn, Globally, by 2030 at 4.7% CAGR: Allied Market Research

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PORTLAND, Ore., April 20, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Travel Safety Kits Market by Type (First Aid Kit, Covid-19 Protection Kit, Others), by Distribution Channel (Hospitals, Pharmacies, Hypermarket And Supermarket, Convenience Stores, Online, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030". According to the report, the global travel safety kits industry generated $4.1 billion in 2020, and is anticipated to generate $5.7 billion by 2030, witnessing a CAGR of 4.7% from 2021 to 2030.

Prime determinants of growth

Rise in travel activities around the globe and surge in importance of travel safety kits drive the growth of the global travel safety kits market.

Covid-19 Scenario

• The outbreak of the COVID-19 pandemic has had positive impact on the growth of the global travel safety kits market, owing to increase in demand for travel safety kits.
• This trend is going to continue till the pandemic is completely over.

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The Covid-19 Protection Kit segment to maintain its leadership status throughout the forecast period

Based on type, the Covid-19 Protection Kit segment held the highest market share in 2020, accounting for more than three-fifths of the global travel safety kits market, and is estimated to maintain its leadership status throughout the forecast period. This is owing to rise in demand for COVID-19 protection kits among healthcare workers such as first responders, medical practitioners, and nurses. Moreover, the First Aid Kit segment is projected to manifest the highest CAGR of 11.5% from 2021 to 2030. Increase in travel and tourism, rise in cases of road and residential accidents including fire accidents, and increase in importance of carrying safety kits are expected to propel growth of the travel safety kits market during the forecast period.

The hospitals segment to maintain its lead position during the forecast period

Based on distribution channel, the hospitals segment accounted for the largest share in 2020, contributing to nearly one-third of the global travel safety kits market, and is projected to maintain its lead position during the forecast period. This is because Distribution of travel safety kits is a kind of direct distribution, where one business makes a commercial transaction with another. However, the online segment is expected to portray the largest CAGR of 15.3% from 2021 to 2030. Easy accessibility offered by online platforms boosts their adoption in the market, thus becoming a popular medium for purchase of face mask.

North America to maintain its dominance by 2030

Based on region, North America held the highest market share in terms of revenue 2020, accounting for more than one-third of the global travel safety kits market. Rise in population and improved lifestyle are the key factors that drive growth of the travel safety kits market. Moreover, the Asia-Pacific region is expected to witness the fastest CAGR of 6.1% during the forecast period, owing to increase in consumer awareness regarding airborne health infections such as COVID-19, influenza, chickenpox, mumps, measles, tuberculosis.

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Leading Market Players

• Adventure Ready Brands
• Certified Safety Manufacturing Inc
• Cintas Corporation
• Acme United Corporation
• DC Safety Sales Co Inc
• Green Guard First Aid and Safety
• Levitt Safety Limited
• Lifeline First Aid LLC
• MedTree
• Steroplast Healthcare Limited

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