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Industrial protective footwear in europe industry latest trends in market with future analysis
1. Industrial Protective Footwear in Europe Industry - Latest
Trends in Market with Future Analysis
Report Description
Industrial protective footwear market includes safety footwear
used for worker’s safety across various industries such as
construction, manufacturing, oil and gas, chemicals, and
2. pharmaceuticals among others. Rise in the number of worker
accidents coupled with the implementation of strict
regulations are major factors driving the market currently.
The market is expected to witness robust growth as the
impact of these regulations is expected to increase in the
coming years.
This report has been segmented by application and by
country. The study highlights current market trends and
provides the forecast from 2014 to 2020. We have also
covered the current market scenario for industrial protective
footwear and highlighted future trends that will have an
impact on demand. By country, the market has been
segmented into Italy, U.K., Germany and France. The present
3. market size and forecast until 2020 has been provided in the
report. The report also analyzes macro economic factors
influencing and inhibiting growth of the industrial protective
footwear market.
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The manufacturing segment held the largest market share for
industrial protective footwear in Italy. The growth in this
segment is attributed to the large portion of labor force being
employed in the manufacturing utilities in the automobile
sector. Apart from this, the increasing awareness of
workplace safety is also boosting the demand for industrial
4. protective footwear in Italy. However, the others segment
including agriculture, government usage, unorganized sector
and small scale manufacturing utilities, is the fastest growing
segment in Italy. The others segment was valued at USD 42.5
million in 2013 and is expected to see robust growth in the
forecast period.
Construction is the largest application segment for industrial
protective footwear in U.K. The construction segment was
valued at USD 144.9 million in 2013 and is expected to have
a stable growth in the forecast period. In addition, the
average selling prices in U.K. are higher as compared to Italy
owing to a major portion of local demand being imported
from other countries.
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The application of industrial protective footwear in
manufacturing segment in Germany held the largest market
share valued at USD 104.6 million. In addition, construction
and oil and gas segment are some of the fast growing
application segments for industrial protective footwear in
Germany.
In terms of volume in million pairs, the others segment held
the largest share for industrial protective footwear in France.
The others segment was valued at 0.99 million pairs in 2013.
6. The growth in this segment is attributed to the rising demand
in the services segment. The services sector is one of the
major industries contributing to the Gross Domestic Product
(GDP) of France.
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market
Furthermore, government regulations present in these
countries acts as restraining forces for the new entrants to
these markets. In addition, there are most favored nation
(MFN) rates and sales tax and other duties which are to be
followed compulsorily by foreign manufacturers.
7. 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.
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