Industrial Protective Footwear Market Expected to Reach $5,981 Million, Globally, by 2022

Industrial Protective Footwear Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $$5,981 Million by 2022, registering a CAGR of 7.5% during the forecast period 2016-2022. The leather industrial protective footwear segment accounted for more than four-fifths of the total industrial protective footwear market revenue in 2015.

View Detail Summary of this report: https://www.alliedmarketresearch.com/industrial-protective-footwear-market

The market includes footwear designed to assure workers safety in industries such as construction, manufacturing, chemical, and others. Rise in health concerns and occupational safety issues have increased the use of industrial protective footwear. Industrialists focus on improving the safety standards owing to increased worker safety issues, thus fueling the demand for safety footwear globally.
The growth of global industrial protective footwear market is driven by rapid industrial development, rise in the number of workplace accidents, and stringent government regulations regarding workers safety. In addition, introduction of innovative products and expansion in untapped geographies offer new opportunities for the market players. However, lack of awareness toward safety and security of workers in small- and mid-sized industries, majorly in developing economies, restrains the market growth.

Leather footwear is expected to dominate the market throughout the analysis period. The segment constituted over 80% of the industrial protective footwear market size in 2015 and is anticipated to maintain this share till 2022. From a growth perspective, plastic footwear segment would witness the highest CAGR of around 9% from 2016 2022.
The construction industry dominated the application segment with over one-third of the total market revenue in 2015, and is expected to grow at a CAGR of 6.8% during the forecast period. The growth is driven by rising number of accidents at construction sites.

KEY FINDINGS OF THE INDUSTRIAL PROTECTIVE FOOTWEAR MARKET STUDY

• Rubber footwear segment is projected to show highest growth rate during the forecast period.

• Europe is projected to maintain its lead, growing at a CAGR of 6.8% from 2016 - 2022.

• The leather footwear segment accounted for more than four-fifths of the total industrial protective footwear market revenue in 2015.

• Construction dominated the application segment of the market in 2015.

• LAMEA is expected to grow at the fastest rate, during the forecast period.

In 2015, Europe and North America collectively accounted for more than half of the total industrial protective footwear market size, and are expected to continue this trend during the forecast period, primarily due to increasing government regulations toward workers safety.
The major companies profiled in the report include 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.

Allied Market Research is a global market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Our market research department starts with the research task considering specific concerns and ambitions of the client. We understand that every market is driven by certain key factors locally as well as globally. Our analysts dig out those factors, helping clients understand the importance and impact of every such driving force. Moreover, possible restraints of the market are discovered and suggestions to tackle those restraints are formulated after extensive research and analysis of the overall market conditions. Making an even deeper insight, we analyze the market trend including both qualitative and quantitative present market scenario in every geographical region segmented as per the business domain concerned and overall performance in different regions throughout the globe.

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