Industrial Footwear Market, By Type of Product (Waterproof Footwear, Leather Footwear, Rubber Footwear, and Plastic Footwear), By Application (Construction, Mining, Manufacturing, Oil And Gas, Chemical, Food, Pharmaceuticals, Food, and Transportation), By Region Analysis - Global Analysis And Industry Forecast Report Till 2030.

The Industrial Footwear Market is projected to grow from $10.06 billion to $17.88 billion, at a CAGR of 6.6% during the forecast period 2021-2030.

Industrial footwear are designed to provide protection and comfort, prevent foot fatigue, ensure worker safety, and improve work efficiency. Improved anti-slip, reduced foot fatigue, enhanced arch and heel support are the issues taken into consideration while, making of an industrial protective shoe. Leather is widely preferred not only because it is popular for fashionable footwear, but also because it is a non-conductive material that is widely used in industrial footwear to protect against harmful electrical shocks.

A variety of industrial safety boots made of materials such as rubber, leather, and plastic are available. Rapid industrial development, growing health concerns, and increasing worker safety awareness in the industrial sector are driving the growth of the industrial footwear market.

Market Dynamics:

Drivers:

There is a trend of moving manufacturing facilities from developed countries to developing countries. Various favorable conditions such as low raw material and labor costs and lower capital investment requirements than developed countries have greatly benefited countries such as India and China. In addition, governments in these countries are providing financial incentives such as preferential tax rates to encourage the establishment of various manufacturing sites, including protective footwear. These are the major propelling factors of the market.

Restraints:

Several private label key players are targeting low-cost protective footwear manufacturing using low-quality and counterfeit materials which slows the growth of the industrial footwear market. Growing user demand for locally made, low-cost footwear has created challenges in the market.

Opportunities:

Manufacturers have developed a number of foot safety programs for machine maintenance, training, inspection, selection, and fit testing to protect workers from these foot injuries in a variety of industrial environments. These foot safety programs save workers’ lives and employers’ money by requiring manufacturers to adhere to the rigorous safety standards outlined in the programs. It also reduces or eliminates lost production time, medical bills, and workers' compensation incurred in these situations. These benefits are likely to broaden the scope for growth of the global industrial footwear market in the near future and create many opportunities in the industry.

Key Players:

• Bata

• Honeywell International Inc.

• Wolverine

• Rahman Group

• Dunlop Protective Footwear

• VF Corporation

• Uvex group

• Hewat's Edinburgh

• ELTEN GmbH

• COFRA Holding

• Rock Fall Ltd.

• Oftenrich Holdings Co. Ltd.

Market Segmentation:

Industrial Footwear Market, By Application

• Construction 

• Manufacturing

• Mining

• Oil And Gas

• Chemical

• Food

• Pharmaceuticals 

• Transportation 

 Industrial Footwear Market, By Type of Product

• Leather Footwear

• Waterproof Footwear

• Rubber Footwear

• Plastic Footwear

Industrial Footwear Market, By Region Type

• North America 

• Europe 

• Asia-Pacific 

• LAMEA 

Regional Analysis:

Europe dominated the market and accounted for XX% of the global revenue share in 2021. The European manufacturing and oil and gas sectors are increasing the number of injuries and highly effective, wear-resistant, and highly efficient protective equipment. Population and demographic trends in Germany are expected to stimulate the demand for housing construction. Consequently, the aforementioned factors are expected to propel the expansion of the construction sector, boosting the industrial footwear market growth.

The Asia Pacific is the fastest-growing region and is expected to witness a CAGR of XX% from 2021 to 2030. Awareness of the rising number of industrial fatalities in Asia Pacific due to lack of proper protective equipment and lack of safety of employees is expected to drive market expansion. Additionally, technological advancements and changing customer preferences towards protective footwear combining safety and fashion are expected to fuel the market growth.

Scope of the report:

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