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Global Protective Footwear Market – Industry Trends and Forecast to 2029

  • FMCG
  • Upcoming Report
  • Jul 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Protective Footwear Market, By Material (Waterproof, Rubber, Leather, Plastic, and Polyurethane), Type (Shoes, Boots), Applications (Manufacturing, Construction, Mining, Oil &Gas, Chemicals, Food, Pharmaceutical, and Transportation), – Industry Trends and Forecast to 2029

 

Protective Footwear Market

Market Analysis and Size

The primary characteristics of industrial safety footwear are safety, innovation, comfort, and aesthetic value. Over the years, global shoe manufacturers have focused on incorporating these features into their products to provide workers a safe workplace and comfort.

Data Bridge Market Research analyses that the protective footwear market was valued at USD 4419.73 million in 2021 and is expected to reach the value of USD 6431.11 million by 2029, at a CAGR of 4.80% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Material (Waterproof, Rubber, Leather, Plastic, and Polyurethane), Type (Shoes, Boots), Applications (Manufacturing, Construction, Mining, Oil and Gas, Chemicals, Food, Pharmaceutical, and Transportation)

Countries Covered

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

Market Players Covered

Bata Brand (India), Honeywell International Inc. (U.S.), Wolverine World Wide Inc.  (U.S.), Rahman Group (India), Dunlop Protective Footwear (Portugal), VF Corporation (U.S.), Uvex group (Germany), Hewat's Edinburgh (U.K.), ELTEN GmbH (Germany), COFRA Holding (Switzerland), Rock Fall Ltd. (U.K.), Oftenrich Holdings Co. Ltd. (U.S.)

Opportunities

  • Manufacturers have developed various foot safety protection programmes
  • The increasing number of mergers and acquisitions to increase production capacity

Market Definition

Protective footwear is a type of protective industrial gear designed to protect the feet from a wide range of construction related injuries. Protective footwear combines safety shoes and safety boots in a variety of furniture based on the functions or protective criteria. Compression, impact, and puncture are the most common types of workplace foot casualties. Protective footwear reduces the impact of casualties by providing a barrier between the customer and the working environment.

Drivers

  • Improvement of safety regulations and the rapid technological advancement

An industrial accident is always an unexpected, unwelcome, and sudden event in an industrial setting that disrupts the orderly progression of any work. It has the potential to cause harm to people while they are employed. The global protective footwear market is expected to grow shortly due to technological advancements and improved safety regulations and standards. Protective footwear is required to ensure the safety of one's feet and legs in such situations, which is expected to drive growth in the global protective footwear market in the near future.

  • Growing manufacturing facilities in developing economies

There has been a trend of shifting manufacturing facilities from developed countries to developing countries. Various favourable conditions, such as low raw material and labour costs and lower capital investment requirements than developed regions, have spelled boon for countries such as India and China. Furthermore, governments in these countries are providing financial incentives, such as preferential tax rates, to encourage the establishment of various manufacturing sites, including protective footwear. Such thriving business in the developing region is expected to contribute to the growth of the global protective footwear market in the coming years.

Opportunity

Manufacturers have developed various foot safety protection programmes for machine maintenance, training, inspection, selection, and fit testing to protect workers from such foot injuries in various industrial settings. These foot-related safety programmes require manufacturers to adhere to the stringent safety standards outlined in the programmes, thereby saving workers' lives and employers' money. It also reduces or eliminates lost production time, medical expenses, and worker compensation resulting from such situations. These advantages are likely to broaden the scope of the global industrial protective footwear market's growth in the near future.

Restraints

Several private label key players are aiming to manufacture low-cost protective shoes using low-quality and counterfeit materials, which is slowing the growth of the protective footwear market. The growing demand among users for locally made low-cost shoes has created a difficult challenge in the protective footwear market.

This 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 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.

COVID-19 Impact on Protective Footwear Market

The footwear industry has experienced a slight decline in the five years leading up to 2020. The COVID-19 pandemic has placed significant strain on the protective footwear industry, with factories strictly adhering to the nationwide lockdown. As a result of the crisis, the market is experiencing a supply and demand gap. Nonetheless, manufacturers are actively supporting the COVID-19 infrastructure during the crisis by producing masks out of the fabric used in shoe linings. Bata recently donated washable footwear to hospitals across the country, and the company expects long-term sales to increase.

Recent Development

  • Canada Goose will release Boots for head-to-toe weather protection in September 2021, which are waterproof and feature a variety of high-tech features.
  • Singer Safety launched its first ESD protective footwear in September 2020, which can limit electrostatic discharges to protect ESD-sensitive devices.
  • Dunlop announced a partnership with LineDrive in April 2020 to be Dunlop's sales agency in the industry sector, thereby expanding their best product options for workers.

Global Protective Footwear Market Scope

The protective footwear market is segmented on the basis of material, type and applications. 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

  • Externally Threaded
  • Internally Threaded
  • Non Threaded
  • Aerospace Grade

Material

Type

Application

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

Protective Footwear Market Regional Analysis/Insights

The protective footwear market is analysed and market size insights and trends are provided by country, material, type and applications as referenced above.

The countries covered in the 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.

Europe dominates the protective footwear market because of the region's widespread presence of key security shoe players. The application of standards and compliance with strict administrations accepting the use of protective shoes at the workplace is expected to drive regional product demand growth during the forecast period.

Asia-Pacific is expected to see significant growth in the protective footwear market as a result of the introduction of administrations that help in the utilisation of security shoes in work conditions, in conjunction with occupational safety standards. Increasing acceptance of health and safety practises in order to reduce workplace casualties is expected to drive an increase in product demand for safety footwear during the forecast period.

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 Protective Footwear Market Share Analysis

The 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 protective footwear market.

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

  • Bata Brand (India)
  • Honeywell International Inc. (U.S.)
  • Wolverine World Wide Inc.  (U.S.)
  • Rahman Group (India)
  • Dunlop Protective Footwear (Portugal)
  • VF Corporation (U.S.)
  • Uvex group (Germany)
  • Hewat's Edinburgh (U.K.)
  • ELTEN GmbH (Germany)
  • COFRA Holding (Switzerland)
  • Rock Fall Ltd. (U.K.)
  • Oftenrich Holdings Co. Ltd. (U.S.)

Research Methodology: Global Protective Footwear Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

An industrial accident is always an unexpected, unwelcome, and sudden event in an industrial setting that disrupts the orderly progression of any work. It has the potential to cause harm to people while they are employed. The global protective footwear market is expected to grow in the near future due to technological advancements and the improvement of safety regulations and standards. To ensure the safety of one's feet and legs in such situations, protective footwear is required, which is expected to drive growth in the global protective footwear market in the near future
The Protective Footwear Market is to grow at a CAGR of 4.80% during the forecast by 2029.
On the basis of application, the Protective Footwear Market is segmented into Manufacturing, Construction, Mining, Oil &Gas, Chemicals, Food, Pharmaceutical, and Transportation.
The Protective Footwear Market value is expected USD 6431.11 million by 2029.