Press release
What's driving the Industrial Safety Footwear Market Share? JAL group, COFRA, Simon, W.L Gore and Honeywell International, Dunlop Boots, Bata Industrials, Uvex Group, Rockfall and WOLVERINE
Recycled Metal Market
The commercialization graph of global industrial safety footwear market has been touted to depict an exponential growth in the years ahead, driven by the rising concerns regarding employee safety. That said, the stringent regulatory landscape laid down by organizations such as ILO and OSHA for promoting safe working conditions will also add momentum to the industry growth. The emerging PPE market, that is currently witnessing quite an expansion, is also estimated to push the industrial safety footwear market over the coming years.
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According to a new research report by Global Market Insights, Inc. Industrial Safety Footwear Market size is set to surpass USD 7.5 billion by 2024
Growth drivers are
1. Asia Pacific: Intensifying product usage across various industries
2. North America: Rising concerns towards worker’s safety along with stringent legislations
3. Europe: Favorable regulatory standards ensuring high product quality
4. Threat from duplicate and inferior quality products
Increasing focus towards workers safety in manufacturing and construction sectors to avoid mishaps may stimulate industrial safety footwear market. Growing construction safety requirements which are driven by increasing number of workplace accidents may influence the adoption of these safety footwears, which may improve occupational protection.
Manufacturers in most of the industrial firms are now becoming proactive regarding workers safety at workplace. Strict regulatory guidelines in the U.S. and UK has been enhancing companies to follow the regulation and rules to evade occupational hazard. As these hazards involve huge losses in terms of work disturbance, costs, legal issues, infrastructure damage and reimbursement to family. Personal protective equipment’s also play a major role in averting these hazards which may stimulate industrial safety shoes market.
Polyurethane based industrial safety footwear market size may surpass a consumption of 35 kilo tons by 2024. The shoes outsoles are manufactured from PU as they provide stability which in turn avoid mishaps at the workplace, thereby stimulating the industry demand.
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Industrial safety footwear from manufacturing application may register substantial gains at over 5.5% by the end of predicted timeframe. The boots should be water and chemical resistant which need special anti-slip and absorbing shocks sole to evade industrial fatalities and its wide application usage in the manufacturing sector.
The U.S. industrial safety shoes market growth is anticipated to exceed USD 2 billion by 2024 owing to growing demand for oil & gas, construction, mining, and pharmaceutical industries. These shoes are manufactured in compliance with ANSI and increasing demand for women’s safety shoes, are the driving factors for the market. Rising instances of fatal injuries at the workplace has highlighted the importance of PPE usage substantially in construction, oil & gas, food, transport, and pharmaceutical industries which may enhance product portfolio for industrial safety footwear market.
Germany industrial safety shoes market demand should register substantial growth at around 4.5% over the predicted timeframe. Germany is the biggest footwear market in the Western Europe as the country have various independent retailers. In addition, labeling rules are gaining importance in the region as if the material is from endangered plants or animals it must comply with rules of Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). Growing animal concern due to sustainability issues should drive textile and leather industries in the region, which in turn stimulate product demand.
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JAL group, COFRA, Simon, W.L Gore and Honeywell International are the key industrial players in the industrial safety footwear market. New product launches and intensive R&D may enhance product portfolio which may further boost industry growth. Most of the producers are now developing new products to increase safety shoes demand which may accelerate industrial safety footwear growth over the forecast timeframe.
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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