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Industrial Protective Footwear Market Segmentation by Material (Leather, Rubber, Waterproof, and Plastic); by Application (Manufacturing, Construction, Oil & Gas, Mining, Transportation, Chemical, Pharmaceutical, and Others) – Global Demand Analysis & Opportunity Outlook 2029

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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

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Industrial Protective Footwear Market Highlights 2020 – 2029

The industrial protective footwear market is estimated to grow at a modest CAGR over the forecast period, i.e., 2021 – 2029. The growth of the market can be attributed to factors such as rise in demand for premium quality safety shoes, increasing number of worker accidents and growing innovations by companies to develop effective protective shoes. On an average, more than 2 million people in the world succumb to workplace accidents every year. In addition to these, stringent government regulations to ensure the safety of workers in manufacturing units is also expected to steer the growth of the market in the near future. Modernization is another crucial aspect anticipated to offer profitable opportunities to key players over the forecast period.

The market is segmented by material into leather, rubber, waterproof, and plastic, out of which, the segment for leather footwear is anticipated to hold the largest share in the industrial protective footwear market on account of the increasing demand for leather from shoe manufacturers. The footwear market for leather is calculated to generate a sizeable amount of revenue by 2021, which is close to approximately USD 148 million. Leather, being an insulator provides safety against electric shocks and is capable of sustaining itself in higher temperatures, making it a good choice for footwear capable of ensuring safety of employees. On the basis of application, the construction segment is evaluated to garner the largest market share over the forecast period which can be credited to the huge number of fatal accidents that occur during construction activities and the growing adoption of protective shoes in this sector. However, the segment for oil & gas application is evaluated to grow by the highest CAGR till the end of 2029 owing to the presence of hazardous explosive substances in the workplace environment.

Industrial Protective Footwear Graph

Global Industrial Protective Footwear Market Regional Synopsis

Regionally, the industrial protective footwear market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in Europe is estimated to witness noteworthy growth over the forecast period on the back of introduction of standards and compliance by government to curb the risks associated with occupational dangers. The growing presence of protective footwear manufacturers is also anticipated to drive growth to the market in this region. Furthermore, the market in Asia Pacific is projected to occupy the largest share in the market during the forecast period owing to the rising demand for industrial safety shoes and the rapid expansion of construction sector, especially in developing nations. For instance, China is the largest market for construction in the world, amounting to more than $ 1 billion in 2020. Growing consciousness of employers to improve working conditions is another factor evaluated to fuel the progress of the market in this region. CLICK TO DOWNLOAD SAMPLE REPORT

Industrial Protective Footwear Market Image

The industrial protective footwear market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & 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 & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the industrial protective footwear market includes the following segments:

By Material

  • Leather
  • Rubber
  • Waterproof
  • Plastic

By Application

  • Manufacturing
  • Construction
  • Oil & Gas
  • Mining
  • Transportation
  • Chemical
  • Pharmaceutical
  • Others

Growth Drivers

  • Increasing Demand for High-Quality Safety Shoes to Boost Market Growth
  • Strict Government Rules and Protocols Regarding Safety of Workers in Manufacturing Sector to Expand Market

Challenges

  • Availability of Low Quality Products to Hinder Market Growth

Top Featured Companies Dominating the Market

  • Honeywell International Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Dunlopboots
  • VF Corporation
  • Rock Fall (UK) Ltd
  • UVEX WINTER HOLDING GmbH & Co. KG
  • Wolverine World Wide, Inc.
  • Elten GmbH
  • Anbu Safety Industrial Co.,Ltd.
  • COFRA Holding AG
  • Oftenrich Holdings Co., Ltd.

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