According to a new
market report published by Transparency Market Research “IndustrialProtective Footwear Market - Turkey and Russia Industry Analysis,Trend, Size, Share and Forecast, 2014 - 2020,” the turkey
industrial protective footwear market was valued at USD 282.6 million
in 2013, which is expected to reach USD 518.2 million by 2020;
growing at a CAGR of 9.1% from 2014 to 2020. The industrial
protective footwear market in Russia was valued at USD 356.7 million
in 2013, and is expected to reach USD 556.1 million by 2020; growing
at a CAGR of 6.6% from 2014 to 2020.
Increasing awareness
of workplace safety and government regulations are the major factors
driving the demand for industrial protective footwear market in
Russia and Turkey. In addition, the increasing industrialization and
increasing labor force is also fuelling the demand for industrial
protective footwear. These government regulations are expected to
have an impact over the demand for industrial protective footwear
during the forecast period.
Browse the full
Industrial Protective Footwear Market Report @ :
The large potential
of industrial protective footwear market in Russia and Turkey is
expected to attract new business utilities to enter these markets.
However, the duties and regulations are expected to act as barriers
for new entrants. In order to sell the products in these regions it
is mandatory for foreign manufacturing utilities to abide by these
government regulations.
The others segment
including government usage, unorganized sector, small scale
manufacturing utilities and agriculture, held the largest share for
industrial protective footwear in Russia. However, the manufacturing
segment is expected to be the fastest growing segment growing at a
CAGR of 8.1% from 2014 to 2020. The growth in this segment is
attributed to the rapid industrialization and upcoming business
utilities in Russia.
Browse the full
Industrial Protective Footwear Market Press Release @ :
Among the major
application segments manufacturing held the largest share in Turkey.
However, food segment is expected to be the fastest growing
application segment for industrial protective footwear in Turkey;
growing at a CAGR of 10.3% from 2014 to 2020. The increasing
awareness about workplace safety and government regulations are the
major factors fuelling the growth in this region.
Major industry
participants include Jal Group (Italy), Rahman Group (India.), Saina
Group Co. Ltd. (China), Oftenrich Holdings Company Limited. (Taiwan),
Cofra Holdings AG. (Switzerland), Red Wing Shoe Company Inc. (U.S.)
and Timberland LLC (U.S.) among others. The report studies the
industrial protective footwear market, and provides estimates in
terms of revenue (USD Million) from 2014 to 2020. Market estimates on
the basis of application have also been provided for Turkey and
Russia. The market has been segmented as follows:
Turkey and Russia
Protective Footwear Market, by application
- Construction
- Manufacturing
- Oil and gas
- Chemicals
- Food
- Pharmaceuticals
- Transportation
- Others
Turkey and Russia
Industrial Protective Footwear Market, by Country:
- Russia
- Turkey
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Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=s&rep_id=3284
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