Unbelievable globally growth of Industrial Protective Footwear Market in 2014 - 2020

Industrial protective footwear market encompasses safety footwear in order to improve workplace safety in different industries. These industrial utilities include chemicals, oil and gas, construction, transportation, pharmaceuticals, manufacturing, food and mining among others. Safety boots have a protective reinforcement in the toe, which is made from steel or a composite material such as polyurethane or aluminum among others. End users in this market purchase different safety boots depending on the requirement and the needs of a specific industry.

At present, safety footwear comes in many styles that include clogs and sneakers. Formal safety footwear is also available which is used by supervising engineers across different industries. Safety footwear come with safety symbol printed on them. Government regulatory bodies issue this safety symbol and it indicates the protection level of the footwear. In addition, these boots are produced in compliance with the safety shoe standards of different countries such as ANSI (American National Standard for Personal Protection-Protective Footwear) standard in the U.S.

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Occupational safety and health legislation in many countries mandate the use of safety boots in industries. At present, these regulations across regions such as North America, Europe and Asia Pacific are fueling the demand for safety footwear. In addition, with the increase in number of worker accidents, the adoption of protective footwear is increasing. Worker safety issues are being addressed and industrialists are focused on improving the safety standards owing to which there is an increase in the demand for safety footwear globally.

Construction is the largest application segment for industrial protective footwear in North America. The construction segment was valued at USD 668.6 million in 2013 and is expected to witness stable growth in the forecast period. However, oil and gas is the fastest growing application segment for industrial protective footwear in North America. The oil and gas application segment was valued at USD 158.4 million in 2013. The increasing number of automobiles and increasing usage in business utilities is one of the major factors boosting the growth in this segment.

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Europe dominated the industrial protective footwear market in 2013. North America followed Europe very closely with a significant market share. Leather footwear held the largest market share for industrial protective footwear in Europe. The leather footwear segment was valued at USD 1890.8 million in 2013 and is expected to see stable growth in the forecast period. However, plastic footwear is expected to be the fastest growing product segment growing at a CAGR of 7.8% from 2014 to 2020.

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Presence of large number of safety shoe manufacturers in countries such as Italy, Germany, France, Spain and UK among others is positively supporting the market in Europe. For example, Italy has a larger number of key market players such as Jal Group, Giasco, Safetal, Siili Safety and Sofra among others. In addition, stringent regulations related to the mandatory use of safety footwear are responsible for the growth. In North America, the demand is increasing due to strict legislations coupled with the growth of niche markets. Asia pacific and RoW is majorly supported by growth in countries such as China, India, Taiwan, Korea, Brazil, South America and Africa among others. These regions are expected to have high growth during the forecasted period.

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