The Industrial Protective Footwear Market 2019 research report would be to present the accurate and tactical analysis of the market assets, growing factors, supply, industry size, regional segmentation, dynamics as well as prices variant for its forecast year 2024.
The report study provides key statistics on the market status of the Industrial Protective Footwear manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The Global Industrial Protective Footwear Market is forecast to reach USD 3.2 billion by 2024 growing at a CAGR of 3.54% during the forecast period (2019 – 2024).
The global industrial protective footwear industry is projected to grow at the significant growth rate in the near future due to the rise in the introduction of innovative products from key players. The risk of electric shocks are increasing as the importance of hybrid and fully electric vehicles continue to grow which is influencing the demand for high-quality safety shoes.
The growing acceptance of ergonomically designed protective footwear from various industries is one of the major factors driving the market growth from the last few years. Additionally, industrial protective footwear helps to reduce strain and lead to sufficient support for the feet. This is driving the industrial approach toward designing and manufacturing safety footwear, which is influencing the market growth.
Industrial footwear specialized in the protection of the worker from feet injuries (fingers, sole, ankles, etc.), produced by chemical products splatter, burns, electrical and mechanic risks, explosions, crushing, entrapment and stings, as well as water, humidity, heat, among others. By material, the market is divided into leather, rubber, plastic, and other materials, by end user the market is segmented into construction, manufacturing, pharmaceutical, oil and gas, chemical, mining, transportation, and other end users. The most preferred type of footwear is standard safety boots with protective 200-joule toe caps and midsole protection, which secure and support the ankle of the worker. The rising construction industry in the emerging economies, like China and India, is expected to drive the industrial protective footwear market in the forecast period.
Asia-Pacific region is expected to emerge as a leading market over the forecast period. The growth in this region is mainly driven by the introduction of regulations that mandate the usage of safety shoes in the work environment along with occupational safety standards. Growing adaptation of health and safety practices, in order to reduce workplace fatalities, are expected to surge the product demand for protective footwear over the forecast period. The significant growth of the construction industry in developing economies such as India and China is supporting the market growth in the region. In North America, the rising demand for industrial safety shoes in the region can be attributed to the growth of markets coupled with stringent legislation in the US. Additionally, North America will also witness the demand for womens safety shoes, which is influencing the sales of safety shoes in the region.
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