This market research report presents a comprehensive segmentation of the global FPE market by end users (mining and manufacturing, construction, energy and utilities, government, and agriculture), material type (ceramic, metal, rubber, wood), specifications (leather safety, electrical safety, chemical safety, and electrical and chemical safety), and by geography (APAC, Americas, and EMEA). The report provides a market share analysis of the leading companies in the market such as Bata, BBF Safety, Dunlop, Honeywell, Jonsson Workwear, and Liberty Shoes.
Technavio’s market research analysts estimate the global FPE market to grow at a CAGR of more than 6.5% by 2015 and 2019. The manufacturing and construction industry in the APAC region is undergoing radical upgradation in terms of work safety, thereby driving the demand for FPE over the forecast period. The Americas is the largest market share in the global FPE market, accounting for 46% of the total market share. A key growth driver in this region is the constant innovation of FPE by vendors like 3M and Honeywell. Also, the rising safety concerns among the workforce is triggering the demand for FPE in this reguon.
The new market research report from Technavio provides a breakdown and analysis of the FPE segments by technology.
“Due to increased demand for lightweight high-performance materials, there is growing emphasis on nanotechnology. New nanomaterials such as nanofibers and composites are being used to provide better protection against hazards while still maintaining the light weight and comfort of conventional materials. These newly engineered materials help protect against thermal, mechanical, chemical, and bio-chemical hazards. They can also be used in creating alarm systems when the wearer is exposed to harmful particles,” says Debasish Nayak, Lead Analyst, Chemicals & Materials, Technavio Research.
The increased focus by the European Commission on the compliance with regulations and legislations is expected to drive the growth of the FPE market. Various organizations have been appointed to supervise the proper implementation of these directives such as the FIOH, the Norwegian Industrial Safety and Security Organization, and the Danish Association of Occupational Health and Safety Consultants. With these organizations working for safer workplaces, the FPE market is expected to benefit from stringent workplace safety regulations
The leading vendors in the global FPE market include Bata, BBF Safety, Dunlop, Honeywell, Jonsson Workwear, and Liberty Shoes. The market is slightly fragmented due to the presence of small and medium-sized players. However, the market is dominated by the established manufacturers such as Dunlop, Honeywell, and Bata. Vendors in the market differentiate their products based on quality, functionality, and price.
A more detailed analysis is available in the Technavio report, Global FPE Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global Personal Protective Equipment (PPE) Market 2015-2019
- Fall Protection Equipment Market- Global Market Size, Trends, Forecast 2015-2019
- Global Surveillance Market for Hazard Protection 2015-2019
- Global Chemical Protective Clothing Market 2015-2019
- Global Respiratory Protection Equipment (RPE) Market 2015-2019
