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Turkish PPE Growth Opportunities
Turkish PPE Growth Opportunities
Local Production Capability and EU Safety Regulation Compliance Enhance Product Acceptance and Growth Potential
21-Mar-2022
Europe
Market Research
$4,950.00
Special Price $3,712.50 save 25 %
Description
Turkey’s PPE market was valued at $575.0 million in 2021 and is forecast to grow at a compound annual growth rate (CAGR) of 6.0% from 2021 to 2026. Mounting concerns regarding workplace hazards and stricter safety protocols are expected to drive demand for PPE during the forecast period.
Overall market growth declined by 5.6% in 2020 as governments imposed temporary lockdowns and other restrictions to limit the spread of COVID-19. Resurgent demand in 2021 bolstered PPE growth In Turkey. Frost & Sullivan expects high market growth during the forecast period owing to increased demand from end-user industries, including construction, manufacturing, automotive, and food and beverage.
Turkey’s highly fragmented PPE market comprises a large number of local companies. The increased competition puts downward pressure on prices, hampering revenue growth.
Adoption of EU safety standards (Regulation EU 2016/425) and a ban on non-CE-compliant PPE products are expected to drive future growth. However, low compliance in construction, transport, and food and beverage industries remains a concern.
Turkey invests heavily in infrastructure, construction, and transport projects. With a large indigenous manufacturing base, a big workforce, and proximity to Western Europe, the Middle East, and North Africa, the country is expected to become a manufacturing hub during the forecast period. Adherence to product quality and required standards will enhance this development.
Hand protection, protective clothing, and protective footwear are the largest product segments, accounting for a combined 65.5% of market revenue in 2021. Hand protection is forecast to be the fastest-growing product segment during the forecast period, propelled by demand in the automotive, manufacturing, food and beverage, chemical, and petrochemical industries.
Author: Sanjiv Bhaskar
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on the Personal Protective Equipment Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Key Findings
Key Findings (continued)
PPE Industry Outlook
What Drives the PPE Industry?
Scope of Analysis
Market Segmentation
Percent Revenue by Product Type
Key Competitors
Key Competitors (continued)
Major Industry Participants
Key Growth Metrics
Distribution Channels
Growth Drivers
Growth Restraints
Forecast Assumptions
Revenue Forecast
Revenue Forecast by Product Type
Revenue Forecast Analysis
Competitive Environment
Competitive Landscape
Partial List of Selected Market Participants by Product Type
Partial List of Selected Market Participants by Product Type (continued)
Partial List of Selected Market Participants by Product Type (continued)
Partial List of Selected Market Participants by Product Type (continued)
Partial List of Selected Market Participants by Product Type (continued)
Turkey: An Overview
Unemployment Rate
Industrial Sector Employment Breakdown
Turkey: Employment by Industry
Top Industrial End-user Industries for PPE
PPE Requirement and Usage by End-use Industry
Standards and Regulations
Local Production-Import Ratio by Product Segment
Percent Revenue Forecast and CAGR by Product Type
Above the Neck Protection
Respiratory Protection
Hand Protection
Protective Clothing
Protective Footwear
Fall Protection
Gas Detection
Growth Opportunity 1: Local Manufacturing to Boost Product Acceptance of Global Manufacturers
Growth Opportunity 1: Local Manufacturing to Boost Product Acceptance of Global Manufacturers (continued)
Growth Opportunity 2: Market Penetration through M&As
Growth Opportunity 2: Market Penetration through M&As (continued)
Growth Opportunity 3: European Safety PPE Standards to Boost Awareness and Drive Growth
Growth Opportunity 3: European Safety PPE Standards to Boost Awareness and Drive Growth (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
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| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Sanjiv Bhaskar |
| Industries | Personal Protective Equipment |
| WIP Number | MG79-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9100-A2,9310,9595 |