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Transparency Market Research published a new report on the European market for industrial protection footwear. According to the report, the European industrial footwear market is expected to experience a CAGR of 2.10% between 2014 and 2020. The report, entitled "Industrial Protective Footwear Market – Europe Sector Analysis, Trend, Size, Share and forecasts for 2014 – 2020, indicates that the European market for industrial footwear is expected to grow from $ 2.2 billion in 2013 to $ 2.6 billion in 2020.
The footwear market for industrial protection includes all types of safety footwear used for the protection of workers in various industries, including construction, chemicals, oil and gas, pharmaceuticals and manufacturing. The increasing incidence of work accidents in various industrial areas has led to the growth of the European industrial footwear market in the recent past.
Henceforth, strict government regulations imposing safety measures in workplaces should propel the European market for industrial footwear between 2014 and 2020. The increasing industrialization and the growing number of workers in Europe are two. the main factors expected to stimulate the demand for industrial protective footwear.
Countries such as Germany, Italy and France are expected to create new growth opportunities in the European industrial footwear market in the coming years. The number of foreign manufacturers of industrial safety products and protective footwear is expected to increase over the next few years.
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To Sell New Industrial Security Products Across the Region European, foreign manufacturers must adhere to the rules of the European government. The rights and regulations imposed by the latter should hinder the growth of the European market for industrial footwear in the coming years.
The European market for industrial protection footwear is segmented according to the application and the country. By application, the European market of industrial protection footwear is clbadified in construction, chemicals, oil and gas, manufacturing, pharmaceuticals, transportation, food and others.
In 2013, the manufacturing segment was the largest segment of the European industrial footwear market in terms of volume. The manufacturing sector is expected to grow at a CAGR of 3.20% between 2014 and 2020. The manufacturing sector is expected to be the largest in Germany due to the presence of many manufacturing services in the country.
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The Food Segment Should Be The Segment of The Footwear Market industrial protection in Europe is expected to grow by 3.50% from 2014 to 2020. The other sectors segment is expected to experience a CAGR of 3.10% from 2014 to 2020. Some of the leading companies in the European industrial protection footwear market are Jal Group (Italy), Saina Group Co, Ltd. (China), Rahman Group (India), Cofra Holdings AG (Switzerland), Manyrich Holdings Company Limited (Taiwan), and others.
Considering the rules and regulations of the European government, foreign manufacturers focus on improving the quality of their products in order to maintain their position in the market. Mergers and acquisitions should help key companies maintain their dominant position in the European industrial footwear market in the coming years.
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