Multi-functional Garments to Bolster Revenues in Western European Industrial Protective Clothing Market
By PRN NewsWire
By PRN NewsWire
LONDON, Oct. 30, 2015 /PRNewswire/ — Multi-functional garments hold tremendous potential to generate additional revenues for industrial protective clothing manufacturers in Western Europe. Consequently, the number of multi-functional heat and flame protective clothing products in the market has increased considerably, with high visibility, chemical and chainsaw being the most common secondary protection levels. Although multiple functions boost the average clothing price and hence overall revenues, they are yet to garner widespread acceptance in the end-user market.
New analysis from Frost & Sullivan, Western European Industrial Protective Clothing Market, finds that the market earned revenues of EUR1.50 billion in 2014 and estimates this to reach EUR1.73 billion in 2019. In addition to heat and flame, high visibility, chemical and chainsaw industrial protective clothing, the study covers cold and wet and antistatic products. Relatively stable demand from the United Kingdom, Ireland, Germany and Scandinavia will spur growth across these segments.
For complimentary access to more information on this research, please visit: http://ow.ly/TW8go
Rising awareness on the importance of industrial protective clothing and escalating activity in end-user industries such as manufacturing, construction, and oil and gas will fuel the use of these products in Western Europe. Safety regulations will have a role to play in raising awareness levels on industrial protective clothing products in the region.
“Safety regulations have always been a driver for personal protective equipment (PPE),” said Frost & Sullivan Chemicals, Materials, Food & PPE Senior Research Analyst Aparna Balasubramanian. “The European Commission has been central to setting norms and introducing directives to improve health and safety at work.”
The primary restraint, however, is market overcrowding due to the presence of low-cost products, which have resulted in intense price pressure, especially in the high-visibility protective clothing market. The key strategy for manufacturers to remain competitive in this context is to identify unmet needs and introduce new and enhanced products.
As the market is well-established and saturated, most of the growth avenues have already been explored. Products with additional functional features will nevertheless draw increased attention.
“Differentiated products with a focus on comfort are vital for manufacturers to prosper in the Western European industrial protective clothing market,” summarised Balasubramanian. “A strong product portfolio aligned with regulatory standards and a commitment to innovation, while ensuring a high performance-to-price ratio, will also be winning strategies.”
Western European Industrial Protective Clothing Market is part of the Personal Protective Equipment Growth Partnership Service program. Frost & Sullivan’s related studies include: Analysis of the North American Fall Protection Market, Strategic Analysis of North American Construction Personal Protective Equipment (PPE) Market, PPE for Women–Outlook and Trends, PPE in the Global Steel Industry–Outlook and Trends, PPE Outlook for Private Labels and their Impact on PPE Markets, and Vending Machines for PPE: Evolving Business Model. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.
Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Contact Us: Start the discussionJoin Us: Join our communitySubscribe: Newsletter on “the next big thing”Register: Gain access to visionary innovation
Western European Industrial Protective Clothing MarketMB33-39
Contact:Communications – EuropeP: +7 (499 Julia NikishkinaCorporate) 213 0156E: email@example.comLinkedin: Future of Chemicalshttp://www.frost.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/multi-functional-garments-to-bolster-revenues-in-western-european-industrial-protective-clothing-market-300169545.html
Frost & Sullivan
Web site: http://www.frost.com/