Turkish PPE Growth Opportunities

Turkish PPE Growth Opportunities

Local Production Capability and EU Safety Regulation Compliance Enhance Product Acceptance and Growth Potential

RELEASE DATE
21-Mar-2022
REGION
Europe
Research Code: MG79-01-00-00-00
SKU: PP00217-EU-MT_26387
$4,950.00
In stock
SKU
PP00217-EU-MT_26387
$4,950.00
DownloadLink

Pay by invoice

ENQUIRE NOW

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

Related Research
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
More Information
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