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Industrial Protective Footwear Manufacturers Seek to Gain a 'Toe-hold' in New Markets - New analysis from Frost & Sullivan, U.S. Markets for Industrial Protective Footwear, reveals that market revenue totaled $65.4 million in 2004 and is expected to reach $74.2 million in 2011.
Industrial Protective Footwear Manufacturers Seek to Gain a 'Toe-hold' in New Markets

 

PRZOOM - /newswire/ - Palo Alto, CA, United States, 2005/10/10 - New analysis from Frost & Sullivan, U.S. Markets for Industrial Protective Footwear, reveals that market revenue totaled $65.4 million in 2004 and is expected to reach $74.2 million in 2011..

   
 
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Niche market identification is crucial for survival within the highly competitive U.S. industrial protective footwear industry. Footwear suppliers believe that safety footwear markets need invigoration through stimulus from new applications and industries, rather than from expansion within the old.

Demand will come from the growing service-sector industries, including restaurants and hotels, as well as from first responders, the military, law enforcement and others concerned with hazardous materials. The advancements in product materials, design, and construction that are required to supply these industries are expected to drive the market.

New analysis from Frost & Sullivan (environment.frost.com), U.S. Markets for Industrial Protective Footwear, reveals that market revenue totaled $65.4 million in 2004 and is expected to reach $74.2 million in 2011.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of the U.S. Markets for Industrial Protective Footwear, then send an e-mail to Tolu Babalola, Corporate Communications at tolu.babalola[...]frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state, and country. We will send you the brochure via email upon receipt of the above information.

“The market has been primarily concentrated around industries where workers require some form of insulation from acids, oils, chemicals, and/or moisture,” says Frost & Sullivan Program Manager Tom Wood. “These have traditionally included red meat and poultry processing as well as agricultural, chemical, and petrochemical applications.”

Average product quality is high, making all but the most specialized products interchangeable. In a market that provides low margins to suppliers, innovation is difficult to achieve and exploit. Most manufacturers distinguish themselves, however, by offering superior or unique services.

Businesses should focus not only on their services, from a maintenance standpoint, but also on the quality of their offerings and aftermarket services. Companies are learning to become more flexible in considering current technological offerings as well as possible industry or application specific modifications and customization. Product innovation will play a key role in individual companies’ success. Many major market players have also either obtained ISO 9000 certification or are in the process doing so. Widespread industry interest awaits those who can be the first to market with a durable, lightweight, slip-resistant, static-dissipative, comfortable, and low-cost boot.

Manufacturers have to pay special attention to comfort, because if the material used is an irritant, the footwear is not likely to be used.

Discomfort has been a problem with polyvinyl chloride (PVC) work boots, for example, as they are heavy and difficult to walk in. Developments in lightweight composites are expected to minimize, if not eliminate, this concern.

“While manufacturers and importers alike need to stress the efficacy of existing, proven products and materials, they also need to continuously research alternatives from other available resins and polymers,” observes Wood. “‘Tariffs’ and/or ‘quotas’ designed to protect domestic suppliers are established and maintained with reference to specific materials used in the footwear’s construction.”

U.S. Markets for Industrial Protective Footwear is part of the Environmental subscription and focuses on the current state of the market, its drivers, restraints, revenue forecasts, future outlook, and strategic recommendations. It enables companies to align their positioning strategies to benefit from the changing markets and obtain maximum return on investment. Analyst interviews and executive summaries are available to the press.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics and demographics.

U.S. Markets for Industrial Protective Footwear
F425

Contact:

Magdalena Oberland
Corporate Communications – Europe
P: +44 (0) 20 7915 7876
F: +44 (0) 20 7730 3343
E: magdalena.oberland[.]frost.com

Donna Jeremiah
Corporate Communications – Asia Pacific
P: +603 6304 5832
F: +603 6201 7402
E: djeremiah[.]frost.com

Keywords in this release: industrial protective footwear, U.S., polyvinyl chloride, PVC, static-dissipative, Hazmat handling, resins, polymers, research, information, market, trends, technology, service, forecast, market share

 
 
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Industrial Protective Footwear Manufacturers Seek to Gain a 'Toe-hold' in New Markets

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