Press release
Industrial protective footwear market was valued at USD 4,217.30 million in 2020, and is projected to reach USD 11,027.00 million by 2031, growing at a CAGR of 7.9% from 2022 to 2031|Valuates Reports.
Industrial protective footwear includes safety footwear used for worker's safety across different industries such as construction, manufacturing, chemical, pharmaceuticals, oil & gas, food, transportation, and mining among others. The concerns for workplace safety are rising due to stringent regulations mandating a high standard of occupational and worker safety norms across the organizations. A variety of safety footwear is used at present, namely, waterproof footwear, rubber footwear, leather footwear, and plastic footwear among others.
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Rapid industrial development has led to rise in the number of worker accidents along with the implication of strict regulations, thus driving the market growth. The impact of these regulations is expected to increase in the coming years. Rise in health concerns and occupational safety in many countries increases the use of safety shoes in various industries. Worker safety issues are being addressed and industrialists are focusing on improving the safety standards, owing to which there is an increase in the demand for safety footwear globally. Lack of industrial awareness related to personal protection restrains the market growth. However, the introduction of technologically advanced footwear and untapped regions offer ample of opportunities for the development of industrial personal protection products including footwear. The demand for safety shoes is expected to increase in the emerging markets of China, India, Japan, and South Africa among others, due to surge in regulatory actions supported by the International Labor Organization (ILO).
According to industrial protective footwear market analysis, the global industrial protective footwear market is segmented on the basis of type, application, distribution channel, and region. On the basis of type, the market includes leather footwear, waterproof footwear, rubber footwear, and plastic footwear. By application, the market is categorized into construction, manufacturing, mining, oil & gas, chemicals, food, pharmaceuticals, and transportation. On the basis of distribution channel, it is bifurcated into offline and online. Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (France, Germany, Italy, UK, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). The penetration of industrial protective footwear is higher in Europe, followed by North America.
Key players operating in the market are Rahman Group, Honeywell Safety Products, Oftenrich Holdings Co. Ltd., COFRA Holding AG, Saina Corporation Co. Ltd., Jal Group, ELTEN GmbH, UVEX Safety Group, VF Corporation, and Rock Fall Ltd.
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KEY BENEFITS FOR STAKEHOLDERS
• This report provides a quantitative analysis of the current industrial protective footwear market trends, estimations, and dynamics from 2020 to 2031, which assist to identify the prevailing industrial protective footwear market opportunities.
• Major countries in each region have been mapped based on revenue contribution to the global market.
• Market player positioning of the industry has been provided to provide a clear understanding of their competitive strengths.
• Porter's five forces analysis is used to illustrate the potential of suppliers and buyers in the industry.
• Comprehensive analysis of factors that drive and restrict the growth of industrial protective footwear is provided.
• The report focuses on the regional & global market, the key players, and market segments apart from a detailed study on the divisions and application areas.
Industrial Protective Footwear Market Segmentation
By Type
• Leather Footwear
• Waterproof Footwear
• Rubber Footwear
• Plastic Footwear
By Application
• Construction
• Manufacturing
• Mining
• Oil And Gas
• Chemical
• Food
• Pharmaceuticals
• Transportation
By Distribution Channel
• Offline
• Online
By Region
• North America
• Europe
• Asia-Pacific
• LAMEA
Key Market Players
• Rahman Group
• Honeywell Safety Products
• Oftenrich Holdings Co. Ltd.
• COFRA Holding AG
• Saina Corporation Co. Ltd.
• Jal Group
• elten gmbh
• UVEX Safety Group
• VF Corporation
• Rock Fall Ltd
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2. Industrial Protective Footwear Sales Market: https://reports.valuates.com/market-reports/QYRE-Auto-14M11879/global-industrial-protective-footwear-sales
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