Global Industrial Protective Footwear Market by Product (Rubber, Leather, PVC), by Application (Oil & Gas, Manufacturing, Construction, Chemicals, Mining) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global industrial protective footwear market was valued at USD 8.02 million in 2015. It is projected to grow 6.9% during the forecast period. The growth is expected to be driven by increased awareness about stringent regulations and the imposition of higher standards for worker safety and workplace safety within organizations. The growth is expected to be driven by rising concerns and awareness about workplace safety.

The favorable conditions, including low-cost labor and capital as well as low interest loans and tax incentives have led to the shift of industrial production from developing countries in North America and Europe to Asia Pacific. The Chinese government offers various incentives to footwear producers and works to shift footwear production from the coast regions to the internal territories.

Due to the large number of European safety shoe manufacturers, the Europe industrial protective footwear market will experience significant growth during the forecast period. The forecast period will see a significant increase in regional product demand due to the implementation of strict regulations and compliance with them.

Products that improve occupational safety are included in the market. These products are in high demand in many industries that have high rates of occupational deaths, including manufacturing, pharmaceuticals and transportation.

A new trend in the footwear industry is lighter composite materials. Manufacturers are developing materials and products that combine style, protection, and comfort in one shoe. These innovations are expected to convince both men and women to wear proper footwear at work.

Many local producers are involved in making cheap safety shoes using low-quality and spurious materials. This has led to an increase in the sales of lower-quality, low-quality products. Due to rising demand for these shoes, premium brands will be facing stiff competition. This is expected to limit market growth in the future.

Product Insights

The report analyzes leather, rubber, polyurethane and other footwear types. In 2015, leather boots and shoes dominated the market. This trend is expected to continue over the forecast period. Because leather is nonconductive, it is often used in protective footwear to protect against electric shocks.

Safety footwear for industrial use is characterized by comfort, innovation, safety, aesthetic value, and safety. Global shoe manufacturers have worked hard to incorporate these features in their products over the years to improve workplace safety and comfort for workers. Many industries have been requesting industrial protective shoes to prevent workplace accidents and fatalities.

Rubber boots and shoes are expected to grow at 7.5% CAGR over the forecast period. Bright-colored rubber materials are being used to make safety shoes. This is an emerging trend in the industry. Rubber safety shoes can be cleaned easily and are resistant to water.

Due to the strict regulations enforced by regulatory agencies on employers to protect workers, the PVC protective footwear market in Asia Pacific is expected to grow at 7.7% CAGR. Market growth will also be aided by technological innovation and consumer demand for footwear that is fashionable and durable.

Application Insights

The forecast period will see construction emerge as the largest segment. In 2015, it accounted for 18% of overall market share. It accounted for close to 18% of the overall market share in 2015.

In 2015, the manufacturing industry was valued at nearly USD 1.92 trillion. It is expected to grow at a substantial CAGR over the next few years. This growth can be attributed primarily to the extensive use of flammable fluids, significant fire hazards, and widespread use of assembling machines in the manufacturing industries. These factors increase the risk of workplace accidents.

Due to the existence of corrosive and hazardous workplace environments, the oil and gas segment will see a 6.8% CAGR between 2016 and 2024. This product protects against oil spillages and explosive substances. It also helps to boost the demand for oil and gas products.

Protective footwear for industrial use is used in the mining sector to protect workers from injury from electric shocks, falling objects and chemical spill. It also serves to prevent slip, trip, fall, cutting hazards and punctures. Because of the frequent occurrences of moshing, steel-toed boots are most commonly used as protective footwear.

Regional Insights

Europe will be the dominant region in the future. Regional growth has been largely driven by strict regulations and the introduction of occupational safety standards. These manufacturers are a significant part of the region.

North America was responsible for more than 28% of the global market share in 2015. It is expected to see a significant CAGR over the forecast period. The growth of niche markets and strict legislation in the U.S. can explain the growing demand for safety footwear. The region also has a growing demand for safety shoes for women, which is expected to drive the growth.

The growth in the oil and gas industries in Central and South America is expected to increase the demand for industrial protective shoes over the forecast period. Additionally, increasing investments in the healthcare, defense and agriculture industries will play a crucial role in the economic growth of several countries like Chile and Colombia and contribute significantly to product demand.

Asia Pacific will see a significant CAGR of more than 7.5% between 2016 and 2024. Over the forecast period, the region's product demand will be driven by the increasing use of safety and health practices to reduce workplace deaths. In the near future, the market will be driven by India and China's growing construction industries.

Market Share Insights & Key Companies

To reduce the discomfort of traditional PVC, major market players are developing lightweight composites. Market growth has seen significant growth in the demand for safety footwear in hazardous work environments. This is due to the shift in mindset towards worker safety and not maximising profits at the manufacturing facilities.

Honeywell Safety Products and Dunlop Boots are key players in this industry. Manufacturers are working hard to develop low-cost, comfortable and slip-resistant safety shoes that are lightweight, durable, lightweight, and static-dissipative.

Industrial Protective Footwear Market Report Scope

These are the most frequently asked questions about this report

b. Global industrial protective footwear market was valued at USD 10.3 Billion in 2019, and is forecast to grow to USD 11.03 Billion by 2020.

b. Global industrial protective footwear market will grow at 8.3% compound annual growth rate from 2016 to 2024, reaching USD 16.95 billion in 2024.

b. With a market share of 8.6%, North America was the dominant country in industrial protective footwear. The growth of niche markets and strict legislation in the U.S. can explain the growing demand for safety footwear.

b. Dunlop Boots and Honeywell Safety Products are some of the key players in the industrial protective shoe market.

b. The key factors driving the industrial protective shoe market are increasing awareness about stringent regulations and imposing higher standards of worker safety and workplace safety across organizations.

Up Market Research published a new report titled “Industrial Protective Footwear Market research report which is segmented by Product (Rubber, Leather, PVC), by Application (Oil & Gas, Manufacturing, Construction, Chemicals, Mining), By Players/Companies Hewats Edinburgh, Honeywell Safety Products, Anbu Safety, Uvex Safety Group, VF Corporation, Wolverine, JAL Group, Rock Fall, Dunlop Boots”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Industrial Protective Footwear Market Report Segments:

The market is segmented by Product (Rubber, Leather, PVC), by Application (Oil & Gas, Manufacturing, Construction, Chemicals, Mining).

Industrial Protective Footwear Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Industrial Protective Footwear Market

Overview of the regional outlook of the Industrial Protective Footwear Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Industrial Protective Footwear Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Industrial Protective Footwear Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Rubber

                2. Leather

                3. PVC

                1. Oil & Gas

                2. Manufacturing

                3. Construction

                4. Chemicals

                5. Mining

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Industrial Protective Footwear Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Industrial Protective Footwear Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.