Menu ×

CONSUMER GOODS & FOOD

Industrial Protective Footwear Market : Global Demand Analysis & Opportunity Outlook 2021

  • Report ID: 61
  • Text Size:

Extensive insights into the Growth of Industrial Protective Footwear Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More

Overview

Industrial protective footwear is specially designed footwear which provides safety from multiple on-site accidents. Protective footwear are designed specifically for labors helps protect their feet and ankles from injuries. These are offered in many designs and safety levels to facilitate the requirements of any workplace along with quality, durability industrial safety footwear.

The global industrial protective footwear market was valued at USD 6.9 Billion in the year 2015 and it is anticipated to reach at USD 9.8 Billion by the end of the year 2021, expanding at a compound annual growth rate (CAGR) of 6.2% over the forecast period i.e. 2015-2021.

Market Size and Forecast

North America accounted for over 30% of the entire market share in 2015 and is projected to grow at a significant rate over the forecasted period i.e. 2015-2021.Maintaining the same trend, Europe is expected to arise as a major region over the forecast period i.e. 2015-2021. Europe industrial protective footwear market is projected to rise from USD 2.4 Billion in the year 2015 to USD 2.7 Billion by 2021, registering a CAGR of 2.10 % over the forecasted period i.e. 2015-2021. In this region, France, Germany and Italy are forecasted to generate new growth opportunities for industrial protective footwear market during coming years.Asia-Pacific is expected to witness a significant growth in industrial protective footwear market over the forecast period. Asia-Pacific industrial footwear market will grow at a CAGR of over 7.9% from 2015 to 2021. Increasing health and security concerns could be a major reason to uplift the demand in this region over the forecast period. China and India are major market in the Asia Pacific region for industrial protective footwear market. CLICK TO DOWNLOAD FREE SAMPLE

Market Segmentation

By Type

On the bases of by type, global industrial protective footwear market is segmented are as follows:

  • Waterproof footwear
  • Leather footwear
  • Plastic footwear
  • Rubber footwear

By Application

On the bases of by application, global industrial protective footwear market is segmented are as follows:

  • Construction
  • Mining
  • Chemicals
  • Oil and Gas
  • Manufacturing
  •  Pharmaceuticals
  • Food
  • Transportation

By Region

On the basis of region, the global industrial protective footwear market is segmented into:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers and challenges

Spiked growth in construction and oil & gas industry, strict rules concerning workers safety and protection and rising concerns towards workplace safety across the globe is expected to propel the global industrial protective footwear market in the upcoming years.

The lack of technological awareness and high sale quantity of fake and low-priced footwear in the industry is intended to restrain the global industrial protective footwear market in the near future.

Key Players

The major key players of global industrial protective footwear market are as follows:

  • Dunlop Boots
  • Honeywell Safety Products
  • Uvex Safety Group
  • Rock Fall
  • Wolverine
  • Anbu Safety

 


Related Reports


Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2020 Research Nester. All Rights Reserved