Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Sustained Economic Growth and Increasing Safety Awareness to Stimulate Market Growth
* Required Fields
Pay by invoice
The Chinese protective footwear market is at a growth stage. As the market has not been well-penetrated, it presents significant potential for growth. The Chinese market is highly fragmented with a large number of participants (>100). The top 3 participants together hold a combined total market share of 7% to 10%. Domestic manufacturers account for a significant market share. However, owing to the presence of a large number of competitors and little product differentiation, the market share of each domestic manufacturer is limited. Foreign companies such as Delta Plus, Honeywell, and Safety Jogger (Cortina), albeit holding a small combined market share, have been growing at a rapid rate in the Chinese market by establishing a strong customer base and brand image. These participants focus on mid-range and high-end products, which allows them to avoid pricing pressures to a certain extent. Drivers for growth in the Chinese protective footwear market include increasing safety awareness among companies, growing safety consciousness among workers, and economic growth. Lack of safety regulations and effective enforcement, cost concerns, shrinking of some end-use industries, and the potential impact of factory automation are among the strongest factors restraining growth in this marketSafety shoes are preferred and demanded by the majority of end users in the Chinese protective footwear market. An important reason for this is that safety boots are, in general, more technically sophisticated and therefore more expensive than safety shoes. As the Chinese market is highly price-sensitive and given the lack of stringent regulations and strict enforcement, there is a strong customer preference for the most basic and low-priced products.Manufacturing is the biggest end-use industry for the Chinese protective footwear market. China has been the largest manufacturing hub worldwide with a sizable workforce. Although employment in the manufacturing industry has witnessed a slight decline, penetration of the market is still low, which presents a strong potential for growth. Construction is the most fast-growing end-use industry for the Chinese protective footwear market. This is driven by sustained rise in employment in the industry as well as increasing adoption of protective footwear. In comparison, the mining industry presents fewer opportunities for protective footwear suppliers. The industry has been experiencing a decline in employment over the last 2 to 3 years, and this trend is likely to continue. The industry has also witnessed greater penetration compared to the others, and therefore is likely to present less growth potential.
Neonatal Infant Care Device Market, Forecast to 2023
Analysis of the Global Flexible Plastic Packaging Market, Forecast to 2023
Global Laboratory Products Purchasing Trends, 2019–2020
Analysis of Global Mining Chemicals Market, Forecast to 2025
Global Modular and Prefabricated Buildings Market, Forecast to 2025
Mining Lubricants and Greases Market in Australia, Forecast to 2025
Growth Opportunities for Adhesives and Sealants in Railway Rolling Stocks, Forecast to 2025
Disruptive Innovations in Scalp Care
Global Medical Imaging Industry Quarterly Tracker, Q1 2019
Global Bioherbicides Market, Forecast to 2023
commercial lighting market
nutritional supplement market
glucose monitoring devices market
thermal spray coatings market
blood glucose monitoring market
aerospace industry outlook
wearable technology market
natural gas market
well intervention market
Fill in the fields below to receive a sample report
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.