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Changing Customer Preferences Will Spur the Adoption of Premium Products
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The Western European protective footwear market generated revenue of €1,245.4 million in 2016 and is expected to reach €1,446.0 million in 2021, growing at a CAGR of 3.0% from 2016 to 2021. Food processing, pharmaceutical manufacturing, and utilities are expected to experience high market growth due to the available potential for the penetration of footwear in these industries. On the other hand, the manufacturing, transportation, and oil gas industries are expected to offer high potential for growth due to the increasing adoption of premium products in line with changing customer expectations.Research Scope:• Market trends and strategic recommendations (safety shoes, safety boots, safety wellingtons)• Regional trends (Germany, France, UK & Ireland, Iberia, Italy, Benelux, Scandinavia, Alpine)• End-user industry trends (construction, manufacturing, utilities, oil and gas, chemical processing, transportation, mining, pharmaceutical manufacturing, food processing)• Analysis by product segment, region, and end-user industry with revenue forecast for the period 2013–2021• Estimated pricing trendsThe main industry drivers, restraints, market trends, material and technology trends, and regulatory outlook affecting the Western European protective footwear market are discussed in this study. Growth opportunities across various segments have also been provided.Market shares have been analysed at the total market level as well as by segment. Competitive factors and assessments are discussed for the total market.Key market drivers include robust growth in end-user industries after the economic downturn in 2012; increasing customer preference for enhanced comfort, light weight, and aesthetics; and growing safety consciousness in all industry verticals in Western Europe. However, the increasing impact of private-label products and industry trends such as Industry 4.0 and automation could be restraints for the protective footwear market during the forecast period.Some of the main market participants covered are U group, Cofra srl, and Honeywell. The base year for the study is 2016, with the forecast period being from 2017 to 2021.Key Questions This Study Will Answer• Is the market growing, how long will it continue to grow, and at what rate?• How do the dynamics of the industry and regional diversities affect the market?• What are the core end-user industries for this market and what are the growth opportunities in these areas?• How will the structure of the market change with time?• Are the products and services offered currently meeting customer needs, or is additional development needed?• Is the market growing, how long will it continue to grow, and at what rate?
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