Frost & Sullivan: Expanding Labor Industry in Southeast Asian Countries Vitalizes the Above the Neck PPE Market

Description

Frost & Sullivan: Expanding LaborFrost & Sullivan: Expanding Labor Industry in Southeast Asian Countries Vitalizes the Above the Neck PPE Market PR Newswire KUALA LUMPUR, Malaysia, March 6, 2014 -- Strategic partnerships with local participants vital to gain a foothold in the market The Asia-Pacific market for above the neck personal protection equipment (PPE) is expected to grow faster than its more mature counterparts in Western Europe and North America. This is mostly due to the breakneck growth of the construction sector and manufacturing industry across the emerging economies of Southeast Asia. The market in Australia and New Zealand (ANZ), although saturated, is also forecast to grow, thanks to replacements, increasing technical specifications, and end users' preference for premium quality products. New analysis from Frost & Sullivan, Analysis of the Asia-Pacific Above the Neck PPE Market, finds that the market earned revenues of US$270.4 million in 2012 and estimates this to reach US$334.1 million in 2017. Governments in Southeast Asia are focusing on the expansion of public infrastructure such as roads, railways, hospitals, bridges, harbors, and airports. The residential sector, which accounts for a significant percent of construction activities, is also expected to grow fast owing to rising domestic incomes and rapid urbanization.

Informations

• Publié par: frost-sullivan
• Publié le: 06 mars 2014
• Nombre de lectures: 9
• Langue: English

Extrait

Frost & Sullivan: Expanding Labor Industry in Southeast Asian Countries Vitalizes the Above the Neck PPE Market

PR Newswire

KUALA LUMPUR, Malaysia, March 6, 2014

-- Strategic partnerships with local participants vital to gain a foothold in the market

The Asia-Pacific market for above the neck personal protection equipment (PPE) is expected to grow faster than its more mature counterparts in Western Europe and North America. This is mostly due to the breakneck growth of the construction sector and manufacturing industry across the emerging economies of Southeast Asia. The market in Australia and New Zealand (ANZ), although saturated, is also forecast to grow, thanks to replacements, increasing technical specifications, and end users' preference for premium quality products.