Industrial protective footwear market includes safety footwear used for worker’s safety across various industries such as construction, manufacturing, oil and gas, chemicals, and pharmaceuticals among others. Rise in the number of worker accidents coupled with the implementation of strict regulations are major factors driving the market currently.
Albany, NY -- (SBWIRE) -- 05/11/2016 -- Industrial protective footwear market includes safety footwear used for workplace safety across various industries such as construction, manufacturing, oil and gas, chemicals, and pharmaceuticals among others. Increase in the number of worker accidents along with the implementation of strict government regulations are major factors fuelling the demand for industrial protective footwear market currently. The market is expected to witness robust growth as the impact of these regulations is expected to increase in 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 impact the demand. By country, the market has been segmented into Italy, U.K., Germany and France. The present 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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Italy, Germany, France and U.K. are the major markets for industrial protective footwear in Europe. Presence of large number of business utilities and increasing awareness about workplace safety are the major factors fuelling the demand for industrial protective footwear in these countries. Manufacturing is the largest application segment for industrial protective footwear in Italy. Large number of manufacturing utilities in the automobile sector is one of the major factors boosting the demand for industrial protective footwear in manufacturing segment.
Apart from this, Italy is one of the major exporters of industrial protective footwear globally. However, construction is the largest application segment for industrial protective footwear in U.K. The construction segment employs about 10% of the total workforce in U.K.
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Germany is one of the major manufacturers of automobile globally. The increasing awareness of workplace safety is boosting the demand for industrial protective footwear in manufacturing segment. Moreover, construction is one of the major application segments in Germany. Further, France is also expected to have a robust growth during the forecast period.
However, foreign players must comply with the European standards in order to sell their products in the local market. These standards are mandatory for a business utility exporting its products to any of the countries within the European Union. Apart from this, there are certain duties and taxes levied in the form of Most Favored Nation (MFN) rates and sales taxes, which acts as barriers for foreign players pushing their prices in comparison to the local players. In addition, there are certain government regulations covering various aspects of manufacturing such as labeling requirements, documentation requirements and kind of material used among others, act as barriers for new entrants.
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The report provides strategic analysis of Italy, U.K., Germany and France industrial protective footwear market, and the market growth forecast for the period 2014 to 2020. The report includes competitive analysis of various market segments based on application and in-depth cross sectional analysis of the industrial protective footwear market across Italy, U.K., Germany and France. In addition, the report provides average selling prices and volume across Italy, U.K., Germany and France. Moreover, average selling prices and volumes are provided across each of the application segments in each of the countries providing support for analyzing the market potential across different application segments.
In addition, to support strategic decision making the report also includes tariff and non-tariff barriers present in Italy, U.K., Germany and France. The report also provides major players in the industrial protective footwear market across these countries. These factors help to analyze various current trends and their impact on market size. Overall, the report takes into account a complete analysis of industrial protective footwear market, and provides an estimated growth for the period 2014 to 2020, considering the various factors affecting the market.
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