Wilmington, DE/AccessWire/December 20, 2022/ according to Industrial Protective Footwear Market Report By Transparency Market Research (TMR), the global market was valued at US$6.78 billion in 2021. The industrial protective footwear market is estimated to expand at a CAGR of 4.84% between 2022 and 2031.
Rapid industrialization and increasing government initiatives to improve employee safety at workplaces are driving the global market. The current Industrial Protective Footwear market trend is the incorporation of digital technology into Personal Protective Equipment (PPE). Additionally, digital technology is being used to develop industrial electrical safety shoes for worker safety. Safety shoes can interpret data sent by sensors and actuators and take appropriate action to prevent slipping or loss of control. Work Boots Electrical safety shoes are used in industries such as mining and construction to protect workers from potential hazards such as falling objects and sharp nails. Protective footwear reduces the force of falling objects and cuts from sharp objects, which is anticipated to fuel the growth of the industrial protective footwear market.
Companies in the industrial protective footwear market are also focusing on high growth applications such as manufacturing, construction, mining, and chemical industries to register huge business growth. Furthermore, the implementation of labor protection regulations in developing countries has increased the demand for industrial safety shoes. Therefore, companies in the market for industrial safety shoes are constantly focusing on the research and development of industrial safety shoes and electrical safety shoes, which are used in most industries. Manufacturers are looking to capitalize on the incremental opportunities in slip-resistant and puncture-resistant soles for industrial footwear to expand their revenue streams. Thus, the growth of the industrial protective footwear market is expected to be exponential during the forecast period of 2022-2031.
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Industrial Protective Footwear Market: Growth Drivers
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Leather is used in the manufacture of safety shoes because of its electrical conductivity. Apart from this, it also protects against electric shock. The genuine leather protects against abrasions, punctures, falling objects and burns. This factor is expected to drive the demand for leather shoes in the industrial protective footwear market.
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A variety of occupational hazards can injure workers while operating heavy machinery. Protective shoes and boots are widely used in the construction industry to ensure the safety of workers. According to OSHA (Occupational Safety and Health Administration), it is mandatory for construction workers to wear protective work shoes or boots with slip- and puncture-resistant soles. Concurrently, governments around the world have put in place stricter regulations to reduce workplace accidents. It is anticipated to increase the demand for industrial protective footwear during the forecast period.
Key Findings of the Industrial Protective Footwear Market
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Footwear is expected to be a lucrative segment of the global market during the forecast period as they protect the toes from heavy objects or compression. Safety boots have adequate cushioning and arch support. This relieves muscle tension, so workers feel less fatigued. Wearing proper work shoes can also help prevent lower back pain caused by muscle strain. These aspects increase employee productivity, which has made protective footwear popular among consumers.
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Rubber and PU is likely to emerge as the most lucrative segment during the forecast period. Shoes made from these materials are lightweight and slip resistant; Thus, PU is considered to be the best material for boot soles, which may ultimately increase the sales of the market.
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Industrial Protective Footwear Market: Regional Dynamics
Increase in awareness about workplace safety and expansion of industrial safety regulations in the Asia Pacific region is anticipated to expand the market value. The industrial protective footwear market is anticipated to hold significant growth opportunities due to the extensive use of contract labor. Furthermore, the number of fatal workplace accidents is highest in the Asia Pacific region, which may prove to be a growth driver for the global market.
Industrial Safety Shoes Market: Major Companies
Major players in the global market are:
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UVX Winter Holding GmbH & Co. KG
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VF Corporation
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Elten GmbH
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Honeywell International Inc.
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Bata Industrial
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Rock Fall (UK) Ltd
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dunlop protective boots
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Wolverine
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Simon Corporation
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Rahman Industries Limited
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Industrial Protective Footwear Market: Segmentation
product type
density
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single density
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double density
material
gender
Application
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Construction
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Production
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digging
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oil Gas
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chemicals
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food
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medicines
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transportation
end user
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person
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Corporate / Industry
distribution channel
areas
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North America
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Asia Pacific
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latin america
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Europe
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middle east and africa
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About Transparency Market Research
Registered in Wilmington, Delaware, United States, Transparency Market Research is a global market research firm providing custom research and advisory services. TMR provides a deeper insight into the factors governing demand in the market. It reveals opportunities in various regions on the basis of source, application, sales channel and end-use that will favor market growth over the next 9 years.
Our data repository is constantly updated and revised by a team of research experts, so that it always reflects the latest trends and information. With comprehensive research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing specific data sets and research materials for business reports.
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