Industrial Safety Footwear Market Will Cross $7.5 bn by 2024: Global Market Insights, Inc.

Industrial Safety Footwear Market Will Cross $7.5 bn by 2024: Global Market Insights, Inc.

PR Newswire

SELBYVILLE, Delaware, November 14, 2018

SELBYVILLE, Delaware, November 14, 2018 /PRNewswire/ --

Industrial Safety Footwear Market share is expected to hit US$7.5 billion by 2024, according to a forecast growth analysis by Global Market Insights, Inc. Increasing focus towards workers safety in manufacturing and construction sectors to avoid mishaps may stimulate industrial safety footwear market. Growing construction safety requirements which are driven by increasing number of workplace accidents may influence the adoption of these safety footwears, which may improve occupational protection.

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Footwear worn in the factory are chosen to avert injuries and hazards which includes contact with rolling objects, stepping on pointed objects, contact with chemical agents and exposure to thermal factors. Conventions and practices regarding worker health & safety concerns including total quality management (TQM) have driven industrial safety footwear demand making it mandatory for industries to fulfill rules regarding workers' security at workplace.

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Manufacturers in most of the industrial firms are now becoming proactive regarding workers safety at workplace. Strict regulatory guidelines in the U.S. and UK has been enhancing companies to follow the regulation and rules to evade occupational hazard. As these hazards involve huge losses in terms of work disturbance, costs, legal issues, infrastructure damage and reimbursement to family. Personal protective equipment's also play a major role in averting these hazards which may stimulate industrial protective footwear market.

Polyurethane based industrial safety footwear market size may surpass a consumption of 35 kilo tons by 2024. The shoes outsoles are manufactured from PU as they provide stability which in turn avoid mishaps at the workplace, thereby stimulating the industry demand.

Waterproof industrial protective footwear market size was estimated at over USD 390 million in 2017. These shoes are manufactured to protect foot from getting wet when in contact with water and are designed with membrane tape. These shoes are low in price, comfortable due to Gore-Tex patent expiration and improved technology in working with leathers, which may enhance the product growth.

Browse key industry insights spread across 350 pages with 416 market data tables and 48 figures & charts from the report, "Industrial Safety Footwear Market Size By Material (Leather, Rubber, Plastic, Waterproof, Polyurethane), By Product (Shoes, Boots), By Application (Construction, manufacturing, Oil & Gas, Chemicals, Transport, Mining, Food, Pharmaceutical), Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Netherlands, Portugal, Belgium, Poland, Austria, Czech Republic, Slovakia, Switzerland, Sweden, Norway, Finland Denmark, China, India, Japan, South Korea, Thailand, Malaysia, Australia, Brazil, Saudi Arabia, UAE, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 - 2024" in detail along with the table of contents:

Industrial protective footwear from manufacturing application may register substantial gains at over 5.5% by the end of predicted timeframe. The boots should be water and chemical resistant which need special anti-slip and absorbing shocks sole to evade industrial fatalities and its wide application usage in the manufacturing sector.

The U.S. industrial safety shoes market growth is anticipated to exceed USD 2 billion by 2024 owing to growing demand for oil & gas, construction, mining, and pharmaceutical industries. These shoes are manufactured in compliance with ANSI and increasing demand for women's safety shoes, are the driving factors for the market. Rising instances of fatal injuries at the workplace has highlighted the importance of PPE usage substantially in construction, oil & gas, food, transport, and pharmaceutical industries which may enhance product portfolio for industrial safety footwear market.

Germany industrial protective footwear market demand should register substantial growth at around 4.5% over the predicted timeframe. Germany is the biggest footwear market in the Western Europe as the country have various independent retailers. In addition, labeling rules are gaining importance in the region as if the material is from endangered plants or animals it must comply with rules of Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). Growing animal concern due to sustainability issues should drive textile and leather industries in the region, which in turn stimulate product demand.

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China industrial safety footwear market size may exceed USD 700 million by the end of foreseeable timeframe. Growing construction sector owing to increasing disposable income and government spending on infrastructural projects may stimulate material demand. Growing demand from European countries and increasing focus on importing to shift sourcing from China to other low-cost producing countries, may drive regional industrial protective footwear growth.

JAL group, COFRA, Simon, W.L Gore and Honeywell International are the key industrial players in the industrial protective footwear market. New product launches and intensive R&D may enhance product portfolio which may further boost industry growth. Most of the producers are now developing new products to increase safety shoes demand which may accelerate industrial safety footwear growth over the forecast timeframe.

Browse Related Reports: 

1. Industrial Safety Gloves Market Growth, 2018-2024 

Global Industrial Safety Gloves Market size was worth over USD 5 billion in 2017 and will witness CAGR over 7% up to 2024. APAC protective gloves industry is anticipated to grow at over 7.5%+ CAGR during 2018 to 2024.

2. Personal Protective Equipment (PPE) Market Analysis, 2017-2024 

Europe personal protective equipment market is driven by France, UK and Germany is anticipated to grow up to 6.5% over 2017-2024. Rising influence on workplace safety as a priority supported by stringent industrial employee protection norms by OSHA, NOISH and NFPA to improve working conditions mainly in the areas of potential hazards which is likely to drive personal protective equipment market size.

About Global Market Insights 

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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