Global Industrial Protective Footwear Market Size is estimated to expand rapidly in coming years, at a CAGR of 7.5 % from 2018 to 2025. In 2017, the global market valuation was USD 10.8 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. This growth is expected to be driven by increased consciousness of stringent legislation and mandate high labor standards and safety at work across organizations. Growth is expected by increasing concern and consciousness about workplace safety.
The growing requirement of well designed protective footwear from various industries such as oil & gas, automotive is one of the key reasons behind the growth of industrial protective footwear market. Moreover, industrial protective footwear assists in decreasing stress and provide adequate feet assistance. This drives the industrial strategy to security footwear design and production, which influence the development of the industry. The use of lightweight composite materials for the production of boots is an evolving phenomenon in the sector. Key companies develop fabrics and items in the same footwear that contain security, convenience and design. This industry evolution is intended to convince both males and females to use the right footwear on the job.
Global Market Growth Opportunities (Revenue, Growth) By 2017-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global industrial protective footwear market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global industrial protective footwear market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Product Insights: On the basis of product, global industrial protective footwear market has been segmented into leather, PVC, and rubber. Among which leather footwear held the highest share in the global market of industrial protective footwear market. Leather is a non-conductive material, which is heat resistive, and provides safety against electric shocks, which will dominate the global growth of leather footwear used in industries. The main elements in industrial safety footwear are comfort, creativity, safety and esthetic importance. Over the years, worldwide shoe manufacturers have sought to incorporate this feature into their products to provide better security in the workforce and convenience for employees. In order to prevent deaths and incidents in the workforce, industrial boots have been experiencing significant requests from the different sectors.
By Application Insights: On the basis of application, global industrial protective footwear market has been segmented into construction, manufacturing, mining, oil & gas, chemicals. Among which construction segment will be emerged as leading segment in the global market of industrial protective footwear market. The development can be ascribed to a rise in the amount of deadly injuries leading to an rise in adoption of workers ' protection shoes.
The industrial protective footwear market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
Over the forecast period, Europe is expected to rise as the dominant region. Regional development is motivated mainly by the establishment of safety standards for employment and by accordance with strict legislation mandating the use of safety boots in the working atmosphere. The region has a broad existence in numerous nations of such producers.
North America was the largest in 2018, with a significant CAGR expected to occur during the forecast period. The development of niche markets and strict US legislation can be attributable to increased supply for safety boots. Furthermore, the region is in supply for safety clothing for women, which is expected to boost development. From 2018 to 2025, Asia Pacific is projected to be a significant CAGR. More and more practice in the field of health and safety to decrease employee deaths should boost national supply for products over the forecast period. In China and India, the increasing construction industry is expected to push the market in the nearby future.
Global Industrial Protective Footwear Market Size, Share Analysis by Region 2017
Global Industrial Protective Footwear Market Study Objective
1. To forecast the market size of industrial protective footwear market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of industrial protective footwear market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of industrial protective footwear market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of industrial protective footwear market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the industrial protective footwear market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Dunlop Boots, Honeywell Safety Products, JAL Group, Uvex Safety Group, Rock Fall, VF Corporation, Wolverine, Anbu Safety, and Hewats Edinburgh are some of the key players in the market of industrial protective footwear. Manufacturers are developing cheap, convenient, static, slip-resistant, lightweight and reliable security boots progressively.
Global Industrial Protective Footwear Market Study Report Offer You!
The global industrial protective footwear market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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