The global industrial protective footwear market size is expected to reach USD 6.56
billion by 2024, according to a new report by Grand View Research, Inc. The
substantial growth prospects of the market can be attributed to the rising
number of worker accidents across global organizations.
Comfort, innovation, safety, and aesthetic
value are the key characteristics of the industrial safety footwear. The global
shoe manufacturers over the years have been striving to integrate these
features into their products in order to offer improved safety in the workplace
as well as provide comfort to workers. Industrial protective shoes have been
facing a substantial demand from various industries to avoid fatalities and
accidents in the workplace.
With a paradigm shift towards worker safety
instead of maximizing profits, a huge demand has been created for protective
footwear in hazardous work environments and is anticipated to drive the
industry over the forecast period.
In the recent years, safety wear has
emerged as an increasingly preferred choice for many companies. These safety
products are essential for the prevention and protection against occupational
fatalities to workers as well as for the prevention of legal action towards
organizations.
However, the high sale volume of spurious
and cheap products in the industry is envisioned to challenge the industry
growth in the near future. Furthermore, due to the increasing popularity and
rising demand for premium branded safety shoes, these products become the sole
target for counterfeiting. Thus, high sales volume of counterfeit and
low-quality products are expected to challenge the industry growth.
Full research report on industrial protective
footwear market analysis:
http://www.grandviewresearch.com/industry-analysis/industrial-protective-footwear-market
Further key findings from the report suggest:
·
Leather footwear is presumed to emerge as a
predominant product over the forecast period. Leather is increasingly used in
safety shoes to provide protection against fatal electric shocks due to its
non-conductivity. Moreover, a genuine leather provides protection against
falling objects, punctures, cutting hazards, burns, and extreme weather.
·
The rubber safety shoe market was valued at
over USD 120 million in 2015 and is expected to grow at a considerable rate
over the forecast period. With the emerging use of intense colored rubber
materials, safety shoes have now become ergonomically enhanced, water
resistant, and lightweight, thereby making them a good choice for various
industries.
·
Construction is expected to emerge as a
predominant application segment over the next eight years. Growth in this
segment is primarily driven by the rising number of workplace accidents, which
has, in turn, fueled the adoption of industrial shoes among infrastructure
developers to improve occupation safety.
·
Europe led the industry in terms of market
share in 2015 and is expected to retain its dominance over the forecast period.
The demand in this region is mainly driven by the implementation of standards
and compliance with stringent regulations that mandate the use of safety shoes
at the workplace. The widespread presence of safety shoe manufacturers in the
region is anticipated to drive the industry growth in the region.
·
Low-cost labor, capital, and raw materials,
as well as low-interest loans and tax incentives, have forced footwear
manufacturers to migrate from North America, UK, and Italy to Asia, especially
China. Moreover, the Chinese government is presently attracting footwear
manufacturers with various incentives and is working to shift the footwear
production sites from the coastal regions to internal territories.
View
more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/smart-textiles
Grand View Research has segmented the global industrial protective
footwear market on the basis of product, application, and region.
Industrial Protective Footwear Product
Outlook (Revenue, USD Million, 2012 - 2024)
·
Leather Footwear
·
Waterproof Footwear
·
Rubber Footwear
·
Plastic Footwear
Industrial Protective Footwear Application
Outlook (Revenue, USD Million, 2012 - 2024)
·
Construction
·
Manufacturing
·
Mining
·
Oil and gas
·
Chemicals
·
Food
·
Pharmaceuticals
·
Transportation
Industrial Protective Footwear Regional
Outlook (Revenue, USD Million, 2012 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
RoW
Access press release by Grand View
Research:
https://www.grandviewresearch.com/press-release/global-industrial-protective-footwear-market
https://www.grandviewresearch.com/press-release/global-industrial-protective-footwear-market
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
