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(MoneyNewsWire.Net, February 16, 2018 ) Industrial Protective Footwear Market has been estimated to garner a revenue of $3.9 billion in 2016 and is projected to reach $7.01 billion by 2024, growing at a CAGR of 7.6% from 2017 to 2024.leather type protective footwear market generated the highest revenue share in the global industrial protective footwear.
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In order to preserve the safety across diverse industries such as chemical industries, mechanical industries, pharmaceuticals, construction industries, oil and gas industries, manufacturing firms and food and beverage units, peculiarly designed footwear is a crucial element. A vast variety of industrial protective footwear such as rubber, leather, and plastic footwear is now being adopted by consumers to protect themselves from serious injuries which may occur during the industrial work because of falling of objects, slipping, electrical contacts and heavy vibrating machinery. Depending on the end use, the industrial shoes/boots come with additional protection for toes, made up of steel, leather and various composite materials. Apart from injury protection, these protective footwear ensures the comfort and avoid foot fatigue, hence, ensuring the safety of workers and enhancing their work efficiency.
Global Industrial Protective Safety Footwear Market Dynamics
Increasing needs of power and business utilities has sparked the rapid growth of construction and oil & gas industry. An outbreak in the number of worker accidents has led the various industries to mandate the use of safety footwear. Governments of various developing and developed countries have made stringent industry health and safety rules for the workers and engineers who deal with hazardous machinery. These factors are expected to propel the growth of global industrial protective footwear market in the near future. However, the lack of technological awareness and industrial safety guidelines can restrain the market growth. Moreover, the availability of cheaper substitutes and high sale of fake and low-priced footwear in the industry is expected to restrain the global industrial protective footwear market in the near future. Regions like North America, Europe and Asia Pacific are presenting new opportunities for the growth of protective footwear market.
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Global Industrial Protective Safety Footwear Market Segmentation
The segmentation of the industrial protective footwear market is done on the basis of type, application, and geography. On the basis of type, the market is segmented as Leather footwear, Waterproof footwear, Rubber footwear and Plastic footwear. By application, the market is categorized as construction, manufacturing, mining, oil & gas, chemicals, food, pharmaceuticals, and transportation. Geographically, the market is segmented as North America, Europe, Asia Pacific and Rest of World.
The key players of the protective footwear 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, Rock Fall Ltd.
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Industrial Protective Footwear Market Key Segmentation
BY TYPE
Waterproof Footwear
Leather Footwear
Rubber Footwear
Plastic Footwear
BY APPLICATION
Manufacturing
Construction
Oil & Gas
Chemicals
Food
Pharmaceuticals
Mining
Transportation
BY GEOGRAPHY
North America
U.S.
Canada
Mexico
Europe
Italy
UK
Germany
France
Rest of Europe
Asia-Pacific
Japan
Australia
China
Rest of Asia-Pacific
Rest of World
Latin America
Middle East
Africa
KEY 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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