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Industrial Safety Footwear Market growing at 5% CAGR up to 2024 | Bata Industrials, Dunlop Boots, Honeywell International, V.F. Corporation, W.L. Gore, Uvex Group, and JAL Group France.

10-09-2018 07:56 AM CET | Health & Medicine

Press release from: Industrial Safety Footwear Market

Industrial Safety Footwear Market

Industrial Safety Footwear Market

GMI presents a most up-to-date research on “Industrial safety footwear market – Global Industry Analysis, Size, Share, By Product (Shoes, Boots), By Application (Construction, Manufacturing, Oil & Gas, Chemicals, Transport, Mining, Food, Pharmaceutical) Growth Potential, Trends Statistics, Regional Outlook (U.S., Germany, UK, France, Italy, Spain, Netherlands, Portugal, Belgium, Poland, Austria, Czech Republic, Slovakia, Slovenia, Switzerland, Sweden, Norway, Finland, Denmark, China, India, Japan, Indonesia, Malaysia, Australia, Thailand, Brazil, Saudi Arabia, UAE, South Africa) and Forecast 2017 – 2024”.

Industrial safety footwear market growth faces a challenge due to cheaper substitute from availability of duplicate and inferior quality products from local manufacturers. Premium or established brands in the industrial safety footwear industry face competition from inexpensive products manufactured by local companies by using low quality or spurious materials.

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Industrial safety footwear market price is influenced by factors which include raw material quality, purchasing volume, product diversity and established brand equity. These factors have led to differential pricing of individual products across the industry in various countries.

Global industrial safety footwear market size is slated to surpass 300 million pairs by 2024. Growing workplace hazards along with strong regulatory framework by OSHA, ILO and BSI to ensure employee safety should drive product demand. Industrial shoes can bear impact of approximately 200 joules and offers electricity and heat resistant characteristics.

Worker exposure to hazards which involve falling objects, chemicals, electrical contact and moving machinery, may risk foot injury. Falls, trips and slips altogether accounted for over 15% of the total incidents which can be prevented by protective wear and industrial safety footwear market products with superior surface grips. They significantly reduce the risk of cut from sharp edges and impact of falling objects, thereby boosting demand.

China industrial safety footwear market from construction applications should witness significant gains, to surpass 30 million pairs by 2024. Strong infrastructure spending along with growing awareness for worker safety should drive regional industry demand.

Germany industrial safety footwear market size from transportation applications should generate close to USD 30 million in sales by 2024. Presence of automobile manufacturing base along with presence of norms to ensure worker safety should boost regional demand.

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Waterproof materials are set to gain at over 6% through 2024; with water & slip resistance being key performance metrics for automobile and chemical applications. Leather remains the preferred material for manufacturing uppers of protective shoes owing to its durability and insulation properties which provide protection against electric shocks.

Brazil industrial safety footwear market size from food processing industry should witness strong growth by 2024. Food & processing industry is a significant part of the national economy and is witnessing technical development by acquiring modern machinery.

MEA, led by South Africa, Saudi Arabia and UAE, may witness significant growth. Favorable government policies to increase construction spending along with expected capacity addition in petrochemical industry should industrial protective shoes market to ensure employee protection against workplace hazards.

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Global industrial safety footwear market share is competitive. Some of the companies operating in the market include V.F. Corporation, Dunlop Boots, Bata Industrials, Uvex Group, Honeywell International, JAL Group France, COFRA, Simon Corporation, Hewats Edinburgh, Liberty Group, and Rock Fall.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688

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