Global Industrial Protective Footwear Market Worth Over USD 5,960.34 Million By 2024: Zion Market Research

According to the report, the global industrial protective footwear market was valued at around USD 3,690.54 million in 2017 and is expected to reach approximately USD 5,960.34 million by 2024, growing at a CAGR of around 7.77% between 2018 and 2024.


New York, NY, Oct. 04, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Industrial Protective Footwear Market By Material (Leather Footwear, Waterproof Footwear, Rubber Footwear, and Plastic Footwear) - By Type (Shoes and Boots)  - By Application (Manufacturing, Construction, Mining, Oil & Gas, Chemicals, Food, Pharmaceuticals, and Transportation): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024”. According to the report, the global industrial protective footwear market was valued at around USD 3,690.54 million in 2017 and is expected to reach approximately USD 5,960.34 million by 2024, growing at a CAGR of around 7.77% between 2018 and 2024.  

Protective footwear represents a wide range of foot protection. The rise in the use of industrial protective footwear over regular footwear may help in growth for the industrial protective footwear industry. Industrial workers are mainly choosing protective footwear due to its several benefits. Majority of the products are made from materials such as rubber, plastic, leather, etc. which are more comfortable and durable. The demand for the industrial protective footwear is growing rapidly due to its positive impact and the market is expected to grow at a rapid rate in the coming years.

Browse through 107 Tables & 42 Figures spread over 110 Pages and in-depth TOC on “Global Industrial Protective Footwear Market: By Industry Type, Size, Share, Growth, Trends Analysis, and Forecast, 2017 – 2024”.

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The industrial protective footwear market is largely driven by increasing demand for products which are usually accepted by workers over the years. Growing concern about safety and security among industrial working people is prompting manufacturers to develop new products. The industrial protective footwear industry has grown extensively from a smaller base. Innovation and development in the products with more attractive and stylish forms are also driving the industrial protective footwear market. Government rules on the quality and the price of the products may hamper the global industrial protective footwear market growth over the forecast period. 

The global industrial protective footwear market can be segmented on the basis of type, material, and application. The material segment includes rubber footwear, waterproof footwear, leather footwear, and plastic footwear. The leather footwear held the largest share among all others. It contributed 45% of the market share of the total industrial protective footwear market revenue in 2016. Plastic footwear segment is the second most growing segment with growing CAGR. Based on the application, the industrial protective footwear market is classified into construction, mining, chemicals, oil & gas food, manufacturing, pharmaceuticals, and transportation. Growing awareness about the benefits of using protective footwear in industry sets a notable impact on the market. 

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Europe is projected to be the largest regional market for industrial protective footwear in terms of revenue in the coming years. The growing use of waterproof boots among workers is likely to witness extensive growth. The market for industrial protective footwear is expected to grow at the highest CAGR over the forecast period. Increasing awareness about safety and security issues, changing lifestyle, online marketing, and increasing spending on the raw material is projected to fuel the industrial protective footwear market. 

The Asia Pacific is anticipated to show the fastest growth in the industrial protective footwear market during the forecast period. Increasing safety and health issues is expected to surge the product demand over the forecast period. The rising construction industry in emerging economies such as China and India is assumed to drive the market in the near future.

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Rapid expansion in the industries such as construction, mining, oil & gas, chemicals, food, manufacturing, pharmaceuticals, and transportation has increased the demand for the industrial protective footwear market in North America. Strict government regulations concerning protection in place of work have resulted in an improved demand for protective footwear. Due to these factors, North America will lead industrial protective footwear market.  Manufactures like Oftenrich Holdings Co. Ltd. and Honeywell Safety Products are focusing on introducing more attractive and harmless products to the consumers which are anticipated to boost the industrial protective footwear market during the forecast period.

The Middle East & Africa and Latin America are anticipated to show moderate growth during the forecast period. The market for industrial protective footwear in the Middle East and Africa will remain competitive in the coming years due to its rapid growth in fast moving consumer goods. This is greatly due to accelerating new product launch and promotion of industrial products in the region.

Browse the full "Industrial Protective Footwear Market By Material (Leather Footwear, Waterproof Footwear, Rubber Footwear, and Plastic Footwear) - By Type (Shoes and Boots)  - By Application (Manufacturing, Construction, Mining, Oil & Gas, Chemicals, Food, Pharmaceuticals, and Transportation): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024" report at https://www.zionmarketresearch.com/report/industrial-protective-footwear-market

The report includes comprehensive profiles of important key companies that work in the global industrial protective footwear market such as Oftenrich Holdings Co. Ltd., Honeywell Safety Products, Saina Corporation Co. Ltd., ELTEN GmbH, Jal Group, COFRA Holding AG, VF Corporation, UVEX Safety Group, Rahman Group, Rock Fall Ltd. The in-depth description of key players includes parameters such as company overview, key developments, business strategy, and financial overview of the company.

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This report segments the Global Industrial protective footwear Market as follows:

Global Industrial Protective Footwear Market: Material Segment Analysis

  • Leather footwear
  • Waterproof footwear
  • Rubber footwear
  • Plastic footwear

Global Industrial Protective Footwear Market: Type Segment Analysis

  • Shoes 
  • Boots

Global Industrial Protective Footwear Market: Application Segment Analysis

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

Global Industrial Protective Footwear Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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