Albany, NY -- (SBWIRE) -- 01/11/2019 -- 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.
Browse the full Industrial Protective Footwear Market - Europe Industry Analysis, Trend, Size, Share and Forecast 2014 - 2020 report at https://www.transparencymarketresearch.com/europe-industrial-protective-footwear-market.html
The industrial protective footwear market includes all kinds of safety footwear used for the protection of workers working in various industries including construction, chemicals, oil and gas, pharmaceuticals, and manufacturing. The increasing incidence of worker accidents across various industrial areas has led to growth of the Europe industrial protective footwear market in the recent past. Going forward, strict government regulations mandating safety measures within work premises are expected to propel the Europe industrial protective footwear market during the period between 2014 and 2020.
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.
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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.