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Middle East Industrial Protective Footwear Market: Emergence of Advanced Technologies and Global Industry Analysis

11-03-2017 01:52 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Middle East Industrial Protective Footwear Market: Emergence

A new research report has recently been published by Transparency Market Research, titled “Industrial Protective Footwear Market - Middle East Industry Analysis, Trend, Size, Share and Forecast 2014 - 2020.” The research study talks about the product segmentation, current trends, drivers and restraints, and competitive analysis of the Middle East industrial protective footwear market. The detailed analysis of the major players, coupled with valued inputs by industry experts, assist the new entrants in formulating their policies effectively and determining the growth factors of and opportunities in the market.

Browse the full Industrial Protective Footwear Market - Middle East Industry Analysis, Trend, Size, Share and Forecast, 2014 - 2020 report at https://www.transparencymarketresearch.com/middle-east-industrial-protective-footwear-market.html

According to the research study, in 2013, the Middle East industrial protective footwear market was worth US$218.7 mn and is estimated to reach a value of US$432.4 mn by the end of 2020. The market is projected to exhibit a healthy 10.40% CAGR between 2014 and 2020.

Industrial protective footwear is designed in order to provide safety to the workers. The footwear bears a protective reinforcement that protects the foot from compression or falling objects. Industrial protective footwear is widely used for workplace safety in diverse industries. The increasing number of worker accidents and implementation of rigid regulations are some of the major factors expected to augment the growth of the Middle East industrial protective footwear market throughout the forecast period.

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In addition, the increasing awareness regarding workplace safety, increasing labor force, and rapid industrial development are further driving the demand for industrial protective footwear in the Middle East. Government rules and regulations in the Middle East are expected to have a strong impact on the industrial protective footwear market in the next few years.

On the basis of application, the industrial protective footwear market has been classified into pharmaceuticals, food, manufacturing, construction, oil and gas, chemicals, transportation, and others. Among these, the oil and gas segment accounts for the largest share in the industrial protective footwear market in the Middle East. On the other hand, the chemicals segment in the UAE is projected to exhibit a healthy 11.30% CAGR between 2014 and 2020, whereas the chemicals segment is projected to grow rapidly in Saudi Arabia, registering a 22.70% CAGR between 2014 and 2020.

On the basis of geography, the Middle East industrial protective footwear market has been divided into major countries such as Saudi Arabia, Kuwait, the UAE, and Bahrain. Among these countries, Saudi Arabia is considered as the major regional segment, accounting for the highest demand for industrial protective footwear across the Middle East.

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The market share and forecast figures of each region have been included in the scope of the research study. The potential of the industrial protective footwear market in the Middle East is estimated to attract new business ventures into this market in the forecast period. Nevertheless, government regulations and duties are anticipated to act as a restraint on the growth of the market.

Furthermore, the research report covers the vendor analysis and competitive landscape of the Middle East industrial protective footwear market, including the company overview, products offered, financial overview, business strategies, SWOT analysis, and recent developments if any. Some of the prominent players operating in the market are Jal Group, Rahman Group, Oftenrich Holdings Company Limited, Saina Group Co. Ltd., and Cofra Holdings AG.

Key Segments of the Middle East Industrial Protective Footwear Market:
Middle East Industrial Protective Footwear Market, by Application
Construction
Manufacturing
Oil and Gas
Chemicals
Food
Pharmaceuticals
Transportation

Middle East Industrial Protective Footwear Market, by Country:
Saudi Arabia
Bahrain
Kuwait
UAE

About Us

Transparency Market Research (TMR) is a 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. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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Transparency Market Research
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Albany, NY 12207
Tel: +1-518-618-1030
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Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

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