Press Release

Industrial Safety Footwear Market to Grow with a CAGR of 6.6% Globally through to 2028

Increasing awareness of workplace safety, growing demand for durable and comfortable footwear are factors driving the global industrial safety footwear market in the forecast period 2024-2028.

 

According to TechSci Research report, “Global Industrial Safety Footwear Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Industrial Safety Footwear Market stood at USD 5.2 billion in 2022 and is anticipated to grow with a CAGR of 6.6% in the forecast period, 2024-2028. This growth is primarily attributed to increased awareness of occupational safety, stringent regulations, and technological advancements.

The global industrial protective footwear industry is projected to grow significantly shortly due to increased awareness regarding employee safety in industrial facilities. Manufacturers are focused on the type of material used in making industrial footwear as end-users are keen on the material’s efficiency. Thus, players are focused on offering products with multi-functional benefits and standard quality as per government regulations.

 

Browse over 26 market data Figures spread through 182 Pages and an in-depth TOC on "Global Industrial Safety Footwear Market

 

The Industrial Safety Footwear market is expected to continue its growth trajectory due to regulatory mandates, technological innovations, and changing consumer preferences. Manufacturers emphasizing sustainability, user comfort, and collaborative approaches are likely to succeed in this dynamic market. The Industrial Safety Footwear market plays a crucial role in ensuring workplace safety across various industries on a global scale. The Industrial Safety Footwear market is a critical segment within the broader Personal Protective Equipment (PPE) market, encompassing a wide range of footwear designed to protect workers from various occupational hazards. As industries worldwide prioritize worker safety and regulatory bodies enforce stringent standards, the Industrial Safety Footwear market has experienced significant growth and transformation.

The global Industrial Safety Footwear market has witnessed substantial growth in recent years, driven by a confluence of factors such as increased awareness of occupational safety, stringent regulatory frameworks, and advancements in technology. The market size is influenced by the demand from diverse industries, including manufacturing, construction, oil and gas, healthcare, and transportation.

For the duration of the forecast period, it is anticipated that strict mining safety regulations and raised employee awareness of personal safety in the majority of industries will drive regional product demand. The need for safety footwear in the area has also been fueled by regulatory bodies like OSHA, the National Institute for Occupational Safety and Health (NIOSH), and the Environmental Protection Agency (EPA) issuing rules for monitoring activities related to asbestos exposure. A recent development in the business is the use of lighter composite materials in shoe manufacturing. Prominent producers are creating materials and solutions that fit together to provide safety, comfort, and style in a single shoe. The goal of these industry modifications is to persuade both men and women to wear appropriate footwear to work.

The Global Industrial Safety Footwear Market is segmented into type, application, distribution channel, regional distribution, and company.

Based on type, with the major share in global revenue in 2022, the leather protective footwear category led the industry. Because of the attractive look of leather boots, the suppleness of leather, and the superior quality that leather shoes provide, it is anticipated that the market for leather protective footwear items will grow.

Based on application, in 2022 the manufacturing sector held a dominant position in the market, of the global revenue share. The market for protective footwear is expected to be driven by the manufacturing sector since this industry's expanding workforce is expected to increase product demand for worker protection and lower overhead costs like compensation

Based on region, In 2022, Europe held a dominating share of the worldwide revenue market. Due to an increase in injuries and a demand for highly efficient, high-utility protective gear that is resistant to wear and tear, the European manufacturing and oil and gas industries drove the protective footwear market's growth. It is anticipated that Germany's expanding population and demographic trends would increase demand for residential building.

 

Major companies operating in Global Industrial Safety Footwear Market are:

  • JAL Group
  • COFRA S.r.l
  •  Dunlop Boots
  • Hewats Edinburgh
  • Honeywell International Inc
  • RAHMAN Group
  • Rock Fall (UK) Ltd
  • Uvex Group
  • VF Corporation
  • Wolverine

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“The Industrial Safety Footwear market is experiencing robust growth driven by heightened global awareness of occupational safety, stringent regulatory compliance, and technological advancements. As industries prioritize the well-being of their workforce, there's an increasing demand for high-quality safety footwear across diverse sectors. The market's expansion is further fueled by the integration of smart technologies, sustainable practices, and a focus on ergonomic designs that enhance user comfort. With a compound annual growth rate (CAGR) reflecting sustained momentum, the Industrial Safety Footwear market continues to evolve, ensuring the safety and protection of workers worldwide.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Industrial Safety Footwear Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Leather, Rubber, Plastic, Others), By Application (Construction, Manufacturing, Mining, Oil And Gas, Chemical, Food, Pharmaceuticals, Transportation, Others), By Distribution Channel (Offline, Online), By Region, By Competition, 2018-2028”, has evaluated the future growth potential of Global Industrial Safety Footwear Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Industrial Safety Footwear Market.

 

 

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