Europe Industrial Protective Footwear Market Size to Expand Lucratively during the Forecast Period
Transparency Market Research has published a new report on the Europe industrial protective footwear market. As per the report, the Europe industrial protective footwear market is expected to expand at a 2.10% CAGR from the period between 2014 and 2020. The report, titled ‘Industrial Protective Footwear Market - Europe Industry Analysis, Trend, Size, Share and Forecast 2014 - 2020,’ states that the Europe industrial protective footwear market is predicted to progress from US$2.2 bn in 2013 to US$2.6 bn by 2020.
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Increasing industrialization and the increasing number of workers across Europe are two of the primary factors expected to boost the demand for industrial protective footwear. Countries such as Germany, Italy, and France are predicted to create new growth opportunities in the Europe industrial protective footwear market in the years to come. The number of foreign manufacturers of industrial safety products and protective footwear is expected to increase in the coming few years. To sell new industrial safety products across the European region, foreign manufacturers need to abide by the rules of the European government. The duties and regulations imposed by the latter are predicted to hamper the growth of the Europe industrial protective footwear market in the years to come.
The Europe industrial protective footwear market is segmented on the basis of application and country. By application, the Europe industrial protective footwear market is classified into construction, chemicals, oil and gas, manufacturing, pharmaceuticals, transportation, food, and others. In 2013, the manufacturing segment was the largest segment of the Europe industrial protective footwear market in terms of volume. The manufacturing segment is predicted to expand at a 3.20% CAGR during the period between 2014 and 2020. Manufacturing is expected to be the largest application segment in Germany due to the presence of many manufacturing utilities in the country.
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The food segment is predicted to be the fastest developing segment of the Europe industrial protective footwear market, expected to progress at a 3.50% CAGR from 2014 to 2020. The others segment is predicted to expand at a 3.10% CAGR from 2014 to 2020. Some of the leading companies in the Europe industrial protective footwear market are Jal Group (Italy), Saina Group Co, Ltd. (China), Rahman Group (India), Cofra Holdings AG (Switzerland), Oftenrich Holdings Company Limited (Taiwan), and others.
Considering the rules and regulations of the European government, foreign manufacturers are focusing on improving the quality of their products so as to maintain their position in the market. Mergers and acquisitions are predicted to help the leading companies maintain their dominance in the Europe industrial protective footwear market in the years to come.
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Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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