LONDON--(BUSINESS WIRE)--Technavio has announced the top six leading vendors in their recent global foot protective equipment (FPE) market report. This research report also lists seven other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
The global FPE market is partially fragmented due to the presence of several small and medium-sized players. However, the market is dominated by established manufacturers who are giving top priority to product innovation.
Although the majority of the market is catered to by these top six vendors, there are private labels launching their protective equipment at lower prices to provide inexpensive alternatives to the slightly more expensive branded equipment in an attempt to use sales volume to gain market share. This has led to the entry of several new players into the global FPE market, but these new vendors are limited to producing equipment that requires low technical knowledge and expertise.
“In a product category like foot protective equipment, where a repeat purchase may not happen for several years, the best differentiating factor is either quality, functionality or price, says Mukesh Chandra Anchuri, industry expert for personal protective equipment at Technavio.
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Top six vendors for the foot protective equipment market
Bata was founded in 1894. It mainly undertakes the manufacturing and marketing of footwear and accessories to various countries worldwide and has over 5000 retail stores. The company operates 25 production facilities across 20 countries. Some brands of the company are Ambassador, Baby Bubbles, Bata Comfit, Bata Industrials, Marie Claire, North Star, Pata Paa, Power, Safari, Sundrops, , and Tomy Takkies.
Under the Bata Industrials brand, the company undertakes the design of safety footwear and accessories for the professional end-user market. Bata Industrials caters to industries such as automotive, construction, mining, fishing, chemicals, food and beverages, electronics, manufacturing, petrochemical, transport, and logistics in countries such as Mexico, India, Kenya, Singapore, Australia, and New Zealand.
BBF Safety Group
BBF Safety Group is headquartered in Pinetown, KwaZulu-Natal, South Africa. The company offers safety footwear products under the Bova, Sisi, Lemaitre, Frams, Wayne, and Bronx Safety brands. The company was formed through the merger of five South African safety footwear manufacturers, Beier Safety Footwear, Bagshaw Footwear, United Frams, Bronx Safety, and Wayne.
Dunlop Protective Footwear
Dunlop Protective Footwear was founded in 1905 and is headquartered in Raalte, the Netherlands. The company designs, develops, manufactures, and markets a wide assortment of protective footwear for various industries and multiple applications globally. They have operations in the Netherlands, the US, France, the UK, and Scandinavia.
Honeywell was incorporated in 1985 and is headquartered in New Jersey, US. Honeywell is a diversified technology and manufacturing company that provides aerospace products and services; turbochargers, control, sensing, and security technologies; electronic and advanced materials; and energy-efficient products and solutions for homes, businesses, and the transportation industry worldwide.
As of December 2014, the company had around 127,000 employees. The company reported net revenue of USD 39.06 billion in FY2013 and USD 40.31 billion in FY2014. The company's R&D activities are conducted mainly in the US, India, Europe, and China. They spent USD 1.89 billion on R&D activities in FY2014.
Jonsson Workwear was established in 1925 and is headquartered in Durban, South Africa. The company designs, manufactures, and markets a wide range of personal protective equipment worldwide. The company designs, manufactures, and markets a wide range of personal protective equipment mainly in Africa but also worldwide.
The company focuses on developing new products from time-to-time to gain an edge over its competitors and also to expand its business operations worldwide. In February 2015, the company launched a new range of high-visibility jackets for mining operations and a new range of corporate workwear for men and women.
Liberty was established in 1986 and is headquartered in Gurgaon, India. The company offers various kinds of footwear for men, women, boys, and girls. The company operates through 10 brands: Footfun, Gliders, Force 10, Fortune, Perfect, Senorita, Tip Top, Coolers, Warrior, and Windsor. As of March 2015, the company generated revenue of USD 86.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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