ReportsnReports - Brazilian Industrial Protective Footwear Market

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Nov 08, 2011, 04:04 ET

DALLAS, Texas, November 8, 2011 /PRNewswire/ --

ReportsnReports adds new research report 'Brazilian Industrial Protective Footwear Market' to its store. The market for industrial protective footwear in Brazil is estimated to be much bigger than official numbers show. Most market participants are focused on developing market with large end-user companies, and they do not cover the entire market, that has lots of small end-user companies. There is still a large untapped market and a greater chance for market development.

Brazil's industrial protective footwear market is highly competitive, largely due to the high number of market participants. With the implementation of legislation and increased surveillance, the number of companies just grows and tends to grow in coming years, making increase competitiveness of the market. To deal with the high level of competition, it is essential that a company attains success and remains competitive in this market. The factor most valued by end users is the competitive price, which takes priority over comfort and quality.

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Industries are expected to grow in the coming years, and the demand for personal protective footwear is also likely to increase. Events such as the World Cup and the Olympics are expected to bring investment opportunities in the country, and market participants should utilize such opportunities to capture market share.

Report Scope
This market research report analyses the Brazilian industrial protective footwear market. The total industrial protective footwear market is in the growth stage, and it is simultaneously witnessing innovation.

This market is highly competitive and is anticipated to witness growth due to the rise in the number of end-user industries, such as Oil and Gas, Mining and Petrochemicals industries. Growth in this market is also likely to be driven by the Brazilian regulation which is becoming stricter about personal protective equipment. Finally, it is important to consider the increasing awareness of the product's benefits by industrial workers.

Data Samples:

The total Industrial Protective Footwear Market in Brazil generated revenues of ${__} million in 2010, which corresponded to a growth of {__} percent when compared to the previous year; this can be attributed to the significant growth of industries during this period. In 2017, the market is expected to be valued at ${__} million and is likely to witness a CAGR of {__} percent from 2010 to 2017.

The total Brazilian Industrial Protective Footwear Market is expected to grow at an increasing rate throughout the forecast period.

In 2010, Brazilian Industrial Protective Footwear Market growth was higher than the gross domestic product (GDP) growth ({__}percent) in the country, for the same year.

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