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Industrial Protective Footwear Market in Europe is Expected to Reach USD 2,597.3 Million in 2020
Industrial Protective Footwear Market - Europe Industry Analysis, Trend, Size, Share and Forecast 2014 - 2020
Published 30 September 2015
According to a new market report published by Transparency Market Research “Industrial Protective Footwear Market - Europe Industry Analysis, Trend, Size, Share and Forecast, 2014 - 2020,” the europe industrial protective footwear market was valued at USD 2,243.2 million in 2013, which is expected to reach USD 2,597.3 million by 2020; growing at a CAGR of 2.1% from 2014 to 2020.
Increasing awareness of workplace safety and government regulations are the major factors driving the demand for industrial protective footwear market in Europe. In addition, increasing industrialization and increasing labor force is also fuelling the demand for industrial protective footwear. The government regulations are expected to have an impact over the demand for industrial protective footwear in the forecast period.
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The large potential of industrial protective footwear market in developing countries of Europe such as Italy, Germany and France is expected to attract new business utilities entering these markets. However, the duties and regulations are expected to act as barriers for new entrants. In order to sell the products in these regions, it is mandatory for foreign manufacturing utilities to abide by the government regulations.
The manufacturing segment held the largest market share for industrial protective footwear in Italy. However, the others segment including agriculture, government usage, unorganized sector and small scale manufacturing utilities, is expected to be the fastest growing segment growing at a CAGR of 3.2% from 2014 to 2020. The growth in this segment is attributed to the rapid industrialization and upcoming business utilities in Italy. Moreover, Italy is one of the major exporters of industrial protective footwear to the European Union.
The application of industrial protective footwear in construction segment held the largest market share in U.K. However, food segment is expected to be the fastest growing application segment for industrial protective footwear in U.K., growing at a CAGR of 3.5% from 2014 to 2020. The increasing awareness about workplace safety and government regulations are the major factors fuelling the growth in this region.
Manufacturing is the largest application segment for industrial protective footwear in Germany owing to the presence of large number of manufacturing utilities in the automobile sector. In addition, construction is also one of the major application segments for industrial protective footwear in Germany and is expected to see robust growth during the forecast period.
Among the major application segments manufacturing is the largest application segment for industrial protective footwear in France. Apart from this, others segment including agriculture, government usage, small scale manufacturing utilities and unorganized sector, is the fastest growing segment in France. The others segment is expected to have a robust growth in the forecast period, growing at a CAGR of 3.1% from 2014 to 2020.
Major industry participants include Jal Group (Italy), Rahman Group (India.), Saina Group Co. Ltd. (China), Oftenrich Holdings Company Limited (Taiwan) and Cofra Holdings AG (Switzerland) among others. The report studies the industrial protective footwear market, and provides estimates in terms of revenue (USD Million) from 2014 to 2020. Market estimates on the basis of application have also been provided for U.K., Italy, Germany and France.
Browse the full Industrial Protective Footwear Market - Europe Industry Analysis, Trend, Size, Share and Forecast, 2014 – 2020 report at http://www.transparencymarketresearch.com/europe-industrial-protective-footwear-market.html
The market has been segmented as follows:
Europe Industrial Protective Footwear Market, by application
- Construction
- Manufacturing
- Oil and gas
- Chemicals
- Food
- Pharmaceuticals
- Transportation
- Others
Europe Industrial Protective Footwear Market, by Country:
- Italy
- Germany
- U.K.
- France
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