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

Published On : 09:40 AM, 14th September, 2017 REP-ID-61 Category: Miscellaneous

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 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
  • Latin America
  • Western And Eastern Europe
  • Asia-Pacific
  • Row (Rest Of World)

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.

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.

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

Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of Latin America)
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe)
  • Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia)
  • Middle East and North Africa (MENA)
  • Rest of World

Segmentation

  • By Product Type
  • By Application
  • By Region

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

                  Key Answers Captured in Report?

Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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