Industrial Protective Footwear Market

Industrial Protective Footwear Market Research, 2031

The global industrial protective footwear market was valued at $4,217.30 million in 2020, and is projected to reach $11,027.00 million by 2031, growing at a CAGR of 7.9% from 2022 to 2031.

A wide variety of industrial protective footwear such as rubber, leather, and plastic footwear are used by consumers to protect themselves from injuries due to falling objects, electrical contacts, moving machinery, and others during industrial work. Rapid industrial development, rise in health concerns, and increase in awareness toward workers’ safety in industrial sector fuel the growth of the industrial protective footwear market.

The impact of COVID-19 pandemic on industrial protective footwear market was quite negative. The supply chain disruption caused negative impact on the market. The shutdown of manufacturing units due to lockdown restrictions also had adverse effects on the industrial protective footwear market growth.

Protective footwear is designed to provide protection & comfort and avoid foot fatigue, thereby ensuring safety of workers and improving their working efficiency. Features such as improved slip resistance, reduction of foot fatigue, and increased support for the arch & heel are being incorporated in the industrial protective footwear, by the players operating in the market.

According to industrial protective footwear market analysis, the global industrial protective footwear market is segmented on the basis of type, application, distribution channel and region. On the basis of type, the market includes leather footwear, waterproof footwear, rubber footwear, and plastic footwear. By application, the market is categorized into construction, manufacturing, mining, oil & gas, chemicals, food, pharmaceuticals, and transportation. On the basis of distribution channel, it is bifurcated into offline and online. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Although leather footwear segment accounted for the highest market share in 2020, the plastic footwear segment is expected to witness the fastest growth during the industrial protective footwear market forecast. This is attributed to its resistance against low temperature, crack, UV radiation, and waterproof nature.

In 2020, the construction segment held the majority industrial protective footwear market share and is expected to hold a significant share in the global market during the forecast period. This is mainly due to rising number of construction and development projects.

In 2020, the offline distribution channel segment dominated the industrial protective footwear market owing to offline distribution channel being a preferred choice by consumers and industrial workers as this footwear protect feet while doing risky and heavy tasks.

In 2020, in terms of region, North America dominated the market share and is expected to grow at a steady pace in the industrial protective footwear market followed by Europe, mainly because of growing industrialization in the UK and Germany. Asia-Pacific region is expected to emerge as a leading market over the forecast period. The growth in this region is mainly driven by the introduction of regulations that mandate the usage of safety shoes in the work environment along with occupational safety standards. Growing adaptation of health and safety practices to reduce workplace fatalities, are expected to surge the product demand for protective footwear over the forecast period. The significant growth of the construction industry in developing economies such as India and China, are supporting the market growth in the region. In North America, the rising demand for industrial safety shoes in the region can be attributed to growth of markets coupled with stringent legislations in the U.S.

Rapid development in various industries has increased the workforce globally. However, factory workers face extended work hours, poor working conditions, and job instability. This has a high impact on the growth of the market. Stringent government regulations regarding workplace safety have resulted in increased demand for protective shoes.

Key market players have implemented various strategies such as product launch, partnership & agreement, business expansion, and product innovation. Product launches accounted for 60% of the overall key strategies, whereas partnerships, business expansion, and product innovation together accounted for around 40%.

Key market players such as Rahman Group, Honeywell Safety Products, Oftenrich Holdings Co. Ltd., COFRA Holding AG, Saina Corporation Co. Ltd., Jal Group, ELTEN GmbH, UVEX Safety Group, VF Corporation, and Rock Fall Ltd., enhance their product portfolios by launching industrial protective footwear with higher quality for different applications. For instance, in 2016, Rock Fall Ltd. launched Melanite, which is designed for uniform services, facility management, and security & patrol services.

The companies profiled for the industrial protective footwear industry are Rahman Group, Honeywell Safety Products, Oftenrich Holdings Co. Ltd., COFRA Holding AG, Saina Corporation Co. Ltd., Jal Group, ELTEN GmbH, UVEX Safety Group, VF Corporation, and Rock Fall Ltd.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the industrial protective footwear market analysis from 2020 to 2031 to identify the prevailing industrial protective footwear market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the industrial protective footwear market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global industrial protective footwear market trends, key players, market segments, application areas, and market growth strategies.

 Industrial Protective Footwear Market Report Highlights