San Francisco, 16 January, Industrial
Protective Footwear Market Analysis By Product (Leather, Waterproof, Rubber,
Plastic), By Application (Construction, Manufacturing, Mining, Oil and Gas, Chemicals,
Food, Pharmaceuticals, Transportation) And Segment Forecasts To 2024
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.
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Report On Industrial Protective Footwear Market Analysis:
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.
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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
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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.
For more information: www.grandviewresearch.com/
