Turkey PPE (Personal Protective Equipment) Market Report 2022


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Dublin, April 27, 2022 (GLOBE NEWSWIRE) — The “Turkish PPE Growth Opportunities” report has been added to from ResearchAndMarkets.com offer.

Turkey PPE Market was valued at USD 575.0 Million in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 6.0% from 2021 to 2026.

Rising concerns about workplace hazards and stricter safety protocols are expected to drive the demand for PPE over the forecast period.

Overall market growth declined by 5.6% in 2020 as governments imposed temporary lockdowns and other restrictions to limit the spread of COVID-19. The recovery in demand in 2021 supported the growth of PPE in Turkey. The publisher expects strong market growth over the forecast period due to increased demand from end-user industries including construction, manufacturing, automotive, food and beverage.

Turkey’s highly fragmented PPE market includes a large number of local companies. Increased competition is putting downward pressure on prices, which is hampering revenue growth.

The adoption of EU safety standards (EU Regulation 2016/425) and the banning of non-CE compliant PPE products are expected to drive future growth. However, low compliance in the construction, transport and food and beverage sectors remains a concern.

Turkey invests heavily in infrastructure, construction and transport projects. With a large indigenous manufacturing base, a large workforce and proximity to Western Europe, the Middle East and North Africa, the country is expected to become a manufacturing hub during the period of forecast. Compliance with product quality and required standards will strengthen this development.

Hand protection, protective clothing and protective footwear are the largest product segments, together accounting for 65.5% of market revenue in 2021.

Hand protection is expected to be the fastest growing product segment over the forecast period, driven by demand from automotive, manufacturing, food & beverage, chemicals and petrochemicals.

Main topics covered:

1. Strategic imperatives

  • Why is it increasingly difficult to grow taller?

  • The strategic imperative

  • The impact of the top three strategic imperatives on the personal protective equipment industry

  • Growth opportunities fuel the growth pipeline engine

2. Analysis of growth opportunities

  • Main conclusions

  • PPE Industry Outlook

  • What drives the PPE industry?

  • Scope of analysis

  • Market segmentation

  • Percentage of revenue by product type

  • Key competitors

  • Key Industry Participants

  • Main growth indicators

  • Distribution channels

  • Growth engines

  • Growth constraints

  • Forecast assumptions

  • Revenue forecast

  • Revenue forecasts by product type

  • Revenue forecast analysis

  • Competitive environment

  • Competitive landscape

  • Partial List of Selected Market Participants by Product Type

3. Overview of Turkish Population, Industries and Demography

  • Turkey: an overview

  • Unemployment rate

  • Breakdown of employment by industrial sector

  • Turkey: Employment by industry

  • Main end user industrial sectors for PPE

  • Requirements and use of PPE by end-use industry

  • Standards and regulations

  • Local production-to-import ratio by product segment

4. Growth Opportunity Analysis by Product Type

5. Universe of growth opportunities

  • Growth Opportunity 1: Local manufacturing to drive product acceptance by global manufacturers

  • Growth Opportunity 2: Market Penetration through Mergers and Acquisitions

  • Growth Opportunity 3: European PPE Safety Standards to Drive Awareness and Drive Growth

6. Next steps

For more information about this report visit https://www.researchandmarkets.com/r/l3ub57

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