Industrial Protective Footwear Market Analysis

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.

Our in-depth analysis of the global market includes the following segments: