Press release
What's driving the Industrial Safety Footwear Market Share? company names JAL group, COFRA, Simon, W.L Gore, Honeywell, Dunlop Boots, Bata Industrials, Uvex Group
Industrial Safety Footwear Market
Growing awareness towards workers health & safety accompanied by growing work fatalities in manufacturing sector will drive industrial safety footwear market. Increase in protective shoes & boots in the construction sectors driven by rising number of workplace accidents has influenced the infrastructure developers to improve occupational protection. Increasing safety shoes standards including OSHA for eliminating hazards at workplace will drive industrial safety footwear market.
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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
Industrial safety footwear market from leather may register significant gains at over 5% by 2024. It is a preferred shoe material in the industries as it offers protection against falling objects, punctures, cutting hazards, burns and extreme weather conditions.
Industrial safety boots market demand may observe significant growth at over 4.5% by the end of forecasted timeframe. These boots are produced from leather or rubber to protect workers against chemicals and electric shocks in workplace. Boots must possess characteristics such as impermeability, resistance to casting oils, concrete & fuels, and water resistance which may boost industrial safety footwear market.
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.
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Industrial safety footwear market from construction application may exceed USD 2.5 billion at the end of 2024. Safety shoes are developed to protect toes from getting crushed by falling objects or heavy equipment. Boots and shoes with anti-slip soles are used in the construction sites as these soles must have high level of adhesion for slippery, greasy and wet floors & surfaces, which might reduce the risk of accidents, thereby driving industry growth.
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.
Europe industrial safety footwear market demand led by Germany, UK and France is likely to register significant gains at over 4.5% by the end of forecasted timeframe. The regional growth is driven by the outline of occupational standards and obedience with strict regulations. The region includes a large existence of safety shoes producers in various countries across the region which includes Jal Group, Siili Group and Sofra, which will further boost industry growth.
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Global industrial safety footwear market share is fragmented with key companies including Hewats Edinburgh, Dunlop Boots, Rock Fall, Rahman Group, Bata Industrials and Liberty Group. The companies may expand its market share in the form of joint venture and mergers & acquisition which may brace product portfolio and strengthen global presence.
Read More @ https://www.marketwatch.com/press-release/Industrial-Safety-Footwear-Market-Growth-Overview-by-Construction-Manufacturing-And-Industrial-Sectors-2024-2019-05-06
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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Global Market Insights, Inc.
Phone: 1-302-846-7766
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