Industrial Protective Footwear Market is Likely to Garner Revenue of US$ 10.87 billion at a Steady CAGR of 4.84% by the Year 2031-end: Transparency Market Research, Inc.
Increasing demand for lightweight protective footwear in various industries such as construction, manufacturing, mining, oil & gas, and the chemical sector is driving the market growth
Wilmington, Delaware, United States, July 28, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The global industrial protective footwear market is projected to flourish at a CAGR of 4.84% from 2022 to 2031. As per the report published by TMR, a valuation of US$ 10.87 billion is anticipated for the market in 2031. In 2021, the market for industrial protective footwear was valued at US$ 6.78 billion
Increasing awareness of workplace safety, and the growing demand from industries such as construction, manufacturing, oil and gas, and healthcare, driving the market for industrial protective footwear. The increasing emphasis on worker comfort and the availability of advanced technologies for footwear design have further fueled market growth.
There is a growing trend toward the use of lightweight materials that maintain the required safety standards while enhancing worker mobility and reducing fatigue. Increasing use of innovative materials and manufacturing techniques to create durable, yet lightweight protective footwear, also boost the market demand.
The integration of smart technologies into protective footwear is emerging as a significant trend. These technologies include features like embedded sensors for monitoring environmental conditions, foot pressure distribution, and fatigue levels. The data collected from these sensors can help enhance worker safety, improve ergonomics, and prevent workplace injuries.
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|Market Revenue||US$ 6.78 Bn|
|Estimated Value||US$ 10.87 Bn|
|Growth Rate – CAGR||4.84%|
|No. of Pages||475 Pages|
|Market Segmentation||By Product Type, Density, Material, Gender, Application, End-user, Distribution Channel|
|Regions Covered||North America, Europe, Asia Pacific, Middle East & Africa, South America|
|Companies Covered||Honeywell International Inc., Dunlop Protective Footwear, VF Corporation, Bata Industrial, UVEX WINTER HOLDING GmbH & Co. KG, Elten GmbH, Rock Fall (UK) Ltd, Simon Corporation, Wolverine, Rahman Industries Ltd.|
Key Takeaways from the Market Report
- As of 2023, the industrial protective footwear market is forecast to reach US$ 7.37 billion
- By product type, demand for boots is rising significantly as boots protect from falling objects and any kind of compression
- Based on material, the rubber and PU segment is expected to account for a significant market share during the forecast period
- Based on application, the construction segment is expected to generate high revenue during the forecast period.
Industrial Protective Footwear Market: Prominent Drivers and Trends
- Increased awareness of workplace safety and the importance of providing protective equipment to workers creating opportunities for industrial protective footwear market growth. Industrial protective footwear are gaining traction due to the increasing workplace injuries
- Increased industrialization and infrastructural development in emerging economies driving the demand for industrial protective footwear. With increasing safety regulations employers are investing in preventive measures.
- Manufacturers are focusing on developing innovative products to cater to different customer requirements.
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Industrial Protective Footwear Market – Regional Analysis
- North America expected to dominate the industrial protective footwear market during the forecast period. Stringent safety regulations, high awareness of workplace safety, and the presence of various industries such as manufacturing, construction, and oil and gas in the region drives the market growth. The United States and Canada are the major contributors to the market in this region. The emphasis on worker safety and the adoption of advanced technologies in footwear design are key trends in North America.
- Asia Pacific is a rapidly growing market for industrial protective footwear. Factors driving market growth include rapid industrialization, infrastructure development, increasing awareness of workplace safety, and the implementation of safety regulations. The rising manufacturing sector and expanding industries such as construction, mining, and healthcare contribute to market expansion in Asia Pacific.
Transparency Market Research has profiled the following players in its global \ industrial protective footwear market report:
- Honeywell International Inc.
- Dunlop Protective Footwear
- VF Corporation
- Bata Industrial
- UVEX WINTER HOLDING GmbH & Co. KG
- Elten GmbH
- Rock Fall (UK) Ltd
- Simon Corporation
- Rahman Industries Ltd.
- Honeywell is a prominent player in the industrial protective footwear market. They have been focusing on product innovations to enhance worker safety. In recent years, they introduced the “Honeywell Rig Dog” line of industrial footwear, which provides protection against impact, punctures, and electrical hazards. The footwear is designed for oil and gas workers operating in rugged environments.
- UVEX Safety Group is a leading manufacturer of personal protective equipment, including industrial footwear. They have been investing in research and development to introduce advanced features in their footwear products. One of their recent developments is the integration of the BOA Closure System, a technology that allows for quick and precise adjustment of the footwear fit, enhancing comfort and convenience for workers.
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Industrial Protective Footwear Market – Segmentation
- Single Density
- Double Density
- Oil & Gas
- Corporate/ Industry
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
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