Transparency Market Research recently announced the publication of a new market research report. The 98-page research study, titled “Personal Protective Equipment Market - Turkey Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” presents a comprehensive analysis of the market. According to the research report, in 2013, the Turkey personal protective equipment market was worth US$0.8 bn and is expected to reach a value of US$1.3 bn by the end of 2020. The market is estimated to register a 7.20% CAGR between 2014 and 2020.
Browse the full Personal Protective Equipment Market - Turkey Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 report at http://www.transparencymarketresearch.com/turkey-personal-protective-equipment-market.html
Personal protection equipment refers to clothing and other products that are specially designed to protect the wearer from any kind of infection and injury when working in a hazardous environment. The Turkey government has effected numerous nationwide regulations concerning the safety of workers, encouraging them to use personal protective equipment. The growing application base of personal protective equipment across diverse industries is expected to drive the market in the coming few years.
The rising concerns regarding the safety of workers and strict regulations for occupational safety are some of the key factors projected to bolster the growth of the personal protective equipment market in Turkey throughout the forecast period. In addition, the existing business enterprises are focusing on workplace safety, which is creating potential opportunities for the market players to expand their product horizon and strengthen their position in the market. However, automation of manufacturing and other operational processes are hampering the growth of the market.
The Turkey market for personal protective equipment has been classified on the basis of application into manufacturing, pharmaceuticals, oil and gas, real estate and construction, petrochemicals, power and energy, transportation, food, and others. At present, the manufacturing segment accounts for the largest share in the Turkey personal protective equipment market and is expected to grow significantly in the next few years.
In 2013, the manufacturing sector stood at US$215.8 mn and is projected to exhibit a 7.70% CAGR between 2014 and 2020. On the basis of volume, this segment is anticipated to account for 24.5 mn units by the end of 2020. On the other hand, the petrochemicals segment is projected to grow rapidly in the near future. This segment is estimated to register a 9.10% CAGR between 2014 and 2020.
The personal protective equipment market in Turkey has been categorized on the basis of type into eye and face protection, respiratory protection, hearing protection, protective clothing, hand protection, fall protection, professional footwear, head protection, and others. In 2013, the professional footwear segment led the Turkey personal protection equipment market with a value of US$282.6 mn. This segment is estimated to reach a valuation of US$443.5 mn by the end of 2020.
Furthermore, the head protection segment is another major segment, which is expected to reach a value of US$160 mn by the end of 2020. On the other hand, the hand protection segment is projected to grow rapidly, registering an 8% CAGR between 2014 and 2020.
The prominent players operating in the Turkey personal protective equipment market have been analyzed in the research report. Detailed company profiles, product portfolio, financial status, business policies, and recent developments in the market. Some of the leading players included in the research report are Ansell Ltd., Oftenrich Holdings Company Limited, Elten GmbH, JAL Group, 3M Co., Honeywell Safety Products, COFRA Holding AG, Rahman Industries Ltd., and Avon Rubber plc.
Key Segments of the Turkey Personal Protective Equipment Market:
Turkey Personal Protective Equipment Market: By Type
- Eye and Face Protection
- Head Protection
- Hearing Protection
- Protective Clothing
- Respiratory Protection
- Professional Footwear
- Fall Protection
- Hand Protection
Turkey Personal Protective Equipment Market: By Application
- Real Estate and Construction
- Oil and Gas
- Power and Energy
Turkey Personal Protective Equipment Market: By Region
- Rest of Turkey
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