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Need for Personal Protective Equipment Market gains Momentum Due to Increasing Workplace Accidents in Turkey
Personal Protective Equipment Market - Turkey Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020. Turkey Personal Protective Equipment Market is Expected to Reach USD 1,285.4 Million in 2020
Published 06 November 2015
Turkey is rapidly developing into a lucrative personal protective equipment market. Growing participation of manufacturers is fueling the high growth rate of protective personal equipment market in Turkey. Many recent developments in this market from leading market players such as Honeywell Safety Products, Ansell Ltd., Avon Rubber p.l.c., 3M Co., Rahman Group, JAL Group, ELTEN GmbH, Oftenrich Holdings Co. Ltd. (Golden Chang), and COFRA Holding AG has augmented the overall market. The continued success of these players is opening new and extremely interesting opportunities for this market.
As per a recent study led by a renowned market research firm in the U.S., the demand for Turkey personal protective equipment market is anticipated to experience stable growth rate throughout the forecast period, 2014-2020. From a value of US$784.6 million in 2013, the personal protective equipment market is expected to reach US$1,285.4 million by the end of 2020, says the study. However, until 2020, this market in Turkey is likely to grow at a CAGR of 7.2%.
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Rough Conditions at Work Boosts High Demand for Safety and Occupational Safety Regulations in Turkey
Growing concerns about worker safety and occupational safety have introduced strict laws in Turkey. Workers have the freedom to decline to work under hazardous conditions that are a risk to health. To ensure safety norms are followed, the Turkish government conducts inspections and enforcement programs.
Meanwhile, hazardous sectors such as construction, oil and gas, petrochemical, shipping, transportation, mining, and fishing industries in Turkey continue to take a heavy toll on human lives and health. Thousands of people employed in such industries meet fatal ends due to dangerous working conditions. Out of these several go unreported, unreported, and completely ignored by both, government authorities and employers.
In a bid to avoid such incidences, prevention becomes a part of the employment standard. Today, more than 27 million employees, in different industries of Turkey prefer to use personal protective equipment for high safety and security at the workplace. All these factors have led Turkey to become an attractive market for protective gear suppliers in the last few years.
Types of Personal Protective Equipment Amplifies the Overall Market Growth
The personal protective equipment market consists of various kinds of protective instrument that could be used for safety purposes at workplaces. The market includes a variety of equipment such as:
- Head protection
- Eye and face protection
- Hearing protection
- Protective clothing
- Respiratory protection
- Professional footwear
- Fall protection
- Hand protection and
- Others.
Some of the items included in the others segment of the personal protective equipment segment are prolonged immersion in water, neck protection, and equipment used during emergency. All these equipment find application across many industries in Turkey and hence, the demand for various gear supplies from workers and employees is increasing.
Moreover, increasing awareness about workplace safety is one of the major drivers in this market. Among the numerous protective equipment and products, the professional footwear held the largest market share for personal protective equipment in Turkey. However, the eye and face protection equipment sector is considered as the fastest growing segment in Turkey, followed by hand protection equipment sector. All these market segments are expected to expand and grow rapidly in the next five years.
A major portion of the total workforce is employed in Istanbul, Turkey. This region has become one of the major industrial regions fueling the demand for personal protective equipment in the forecast period 2014-2020.
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