Global Industrial Protective Footwear Market – Industry Trends and Forecast to 2029

Industrial Protective Footwear Market Analysis and Size

As per the analysis of Bureau of Labor Statistics, in the U.S. every year about 60,000-foot injuries ensued in lost manufacturing time which caused the average disbursement of around USD 9,600 per day. The increasing awareness about mandating elevated standards and stringent worker and workplace safety regulations across organizations are expected to drive the growth. Increasing concerns and awareness regarding the safety in workplace is expected to further drive the growth.

Data Bridge Market Research analyses that the industrial protective footwear market was valued at USD 8.29 billion in 2021 and is expected to reach USD 14.20 billion by 2029, registering a CAGR of 6.95% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Industrial Protective Footwear Market Scope and Segmentation

Market Definition

Industrial protective footwear is a secondary measure that is intended to reduce the injury severity and prevent injury in the event of an accident. Safety-toe footwear are those shoes that have a steel toe cap under the leather toe cap which protect the wearer's toe from falling or moving objects.

Global Industrial Protective Footwear Market Dynamics

Drivers

• High usage of industrial protective footwear due to multiple properties

The industrial protective footwear is high in demand due to their several features such as tear-resistant materials, lightweight, comfortable and multi-industrial protective footwear among end users. This is one of the major factor which is promoting the growth of the industrial protective footwear market during the forecast period of 2022-2029.

• Strict Rules and Regulations

The rise in requirements stringency and regulatory standards have largely accelerated the growth of the market during the forecast period. Governments of several countries of all over the globe are focusing on the safety of workers. Thus, protecting employees with standard industrial protective footwear, improving productivity and cutting lost work hours. For instance, federal regulations in the United States, enforced and adopted by the Occupational Safety & Health Administration (OSHA stated that industrial protective footwear is necessary for workers in Industrial settings. OSHA has an abundance of regulations and rules regarding workplace safety, such as section 29 CFR 1910.136 on occupational foot protection. The government rules and regulations are expected to drive the growth of the industrial protective footwear.

• Improvement of safety regulations

An industrial accident is always a sudden, unexpected and unwelcome event in an industrial setting that disturbs the progression of any work. It has the potential to cause injury to people while they are working. The global industrial protective footwear market is anticipated to grow shortly due to improved safety regulations and standards. Industrial protective footwear is necessary to ensure the safety of peoples legs and feet in such situations, which is anticipated to drive growth in the global industrial protective footwear market during the forecast period.

Opportunities

• Growing manufacturing facilities in developing countries

There has been an inclination of manufacturing facilities from developed countries to developing nations. Several favourable conditions, such as labour costs, low raw material, and lower capital investment increase the demand of industrial protective footwear in developing regions than developed regions. Moreover, governments are offering financial incentives, for instance preferential tax rates, to encourage the establishment of numerous manufacturing sites, including industrial protective footwear. Such flourishing business in the developing region is anticipated to create immense opportunities for the growth of the industrial protective footwear market in upcoming years.

Restraints/ Challenges

• Issue associated with industrial protective footwear

However, commercializing fake industrial protective footwear products is hindering the global growth rate of the industrial protective footwear market. However, high cost of the industrial protective footwear than normal footwear might impede the market growth during the forecast period. The negative impact of COVID-19 outbreak slowdown the supply chain which has significantly hindered the supply of raw materials pose as a challenge for the market will act as market restraint for the market growth rate.

This industrial protective footwear market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the industrial protective footwear market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Industrial Protective Footwear Market

The outbreak of COVID-19 had a huge impact on the industrial protective footwear market. This is due to the supply chain disruptions such as retail store closures, lockdowns and worker salary cutbacks. All of these factors brought the economy to a halt, and several factories were shut down during pandemic Also, temporary closure and shutdown of manufacturing units declined the demand for the industrial protective footwear. Furthermore, due to restrictions across the globe, the export orders have decreased significantly. For instance, as per the analysis of Central Leather Research Institute, COVID-19 resulted in a 35% drop in the export orders for the footwear, including industrial protective footwear.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Industrial Protective Footwear Market Scope

The industrial protective footwear market is segmented on the basis of product, material,  application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Shoes
• Boots

Material

• Leather
• Rubber
• Plastic
• Other

Application

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

Distribution Channel

• Online
• Offline

 Industrial Protective Footwear Market Regional Analysis/Insights

The industrial protective footwear market is analysed and market size insights and trends are provided by country, product, material, application and distribution channel as referenced above.

The countries covered in the industrial protective footwear market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the industrial protective footwear market in terms of market share. This is due to the introduction of guidelines and safety standards that mandate the use of safety shoes in the work and increasing adaptation of safety and health practice in this region.

Asia-Pacific is expected to be the fastest developing region during the forecast period of 2022-2029because of growing demand for the women's safety shoes in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Industrial protective footwear Market Share Analysis

The industrial protective footwear market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to industrial protective footwear market.

Some of the major players operating in the industrial protective footwear market are:

• Bata Brand (India)
• Honeywell International Inc. (U.S.)
• Rahman Group (India)
• COFRA Holding (Switzerland)
• Protective Industrial Products Inc (U.S.)
• Dunlop Protective Footwear (Portugal)
• ELTEN GmbH (Germany)
• Uvex group (Germany)
• Rock Fall Ltd. (U.K.)
• Oftenrich Holdings Co. Ltd. (U.S.)
• Wolverine World Wide Inc.  (U.S.)
• Hewat's Edinburgh (U.K.)
• W. L. Gore & Associates, Inc. (U.S.)
• Sunflower Industrial Group Co.,Ltd (China)
• HILLSON FOOTWEAR PVT. LTD (India)

SKU-55501