Industrial Safety Footwear Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Industrial Safety Footwear Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : February, 2020 | Chemical & Materials | PPT format

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Global Industrial Safety Footwear Market: Snapshot

Growing awareness regarding safety in industries such as manufacturing, food and beverages, oil and gas, construction, pharmaceuticals, and chemicals is demanding for advanced industrial safety footwear, driving its global market. Workers in various industries are exposed to hazardous incidences as chemical and electrical contacts, moving machinery, heated objects, share edges, and falling objects. Safety boots are designed to prevent legs from hazardous effects of any accidents caused at workplaces. Industrial safety footwear offer industries to maintain consistent production as they offer superior surface grip and build confidence in the employees. The government regulations regarding safety of workers motivate the organizations to opt for superior qualities of safety apparels.

Waterproof footwear segment is expected to grow at a high rate owing to the escalating demand from chemical and automobile industry. Leather material type segment is anticipated to gain a dominant share in the market due to fine insulation and durability properties. However, demand for rubber is also foreseen to be escalated in the future. Considering the applications, the construction industry segment is predicted to gain higher demand for industrial safety footwear than other segments.

Geographically, Europe is forecasted to show a health growth of market owing to shoe manufacturing organizations in the U.K., France, Spain, Germany, and Italy. However, it is expected that Asia Pacific will show an impressive growth in the market owing to the presence of large number of manufacturing plants. Liberty Group, Rock Fall, Hewats Edinburgh, JAL Group France, Simon Corporation, COFRA, V.F. Corporation, Uvex Group, Bata Industrials, Honeywell International, and Dunlop Boots are constantly focusing on product innovation, fueling the growth of the market.

Global Industrial Safety Footwear Market: Overview

In order to maintain safety across various industries, specifically designed footwear are essential, especially in the sectors such as chemicals, pharmaceuticals, construction, oil and gas, food and beverages, and manufacturing. These safety boots come with additional protection for the toe, made up of steel or similar composite material. The composite material include aluminum and polyurethane. Depending on the requirement of end use industries, these safety footwear are of varied types. As these industries aspire to increase productivity and governments across the world penalizing those who don’t abide by optimum safety at their workplace, the demand in the global industrial safety footwear market is expected to escalate at a rapid rate during the forecast period of 2017 to 2025.

Global Industrial Safety Footwear Market: Key Trends

Industrial processes require workers to expose themselves to various hazardous occurrences such as falling object, electrical and chemical contact, share edges, heat, and moving machinery. Industrial safety footwear also offer superior surface grip, and altogether, helps the industries to maintain consistent production while installing confidence into their workforce. This is the primary factor that is augmenting the demand in the global market for industrial safety footwear. Equal thrust to the market is exerted by the stringent government regulatory such as BSI, OSHA, and ILO to maintain the workplace safety and repercussion of past mistakes.  However, the availability of cheaper substitute of inferior quality, made of spurious materials from domestic vendors, is expected to eat into the shares of branded products with optimum quality.

The segment of waterproof footwear is expanding at a rapid rate, gaining added demand particularly from the automobile and chemical industries. With fine durability and insulation properties, leather remains the most in-demand material segment, while rubber is another important market segment by type. By application, the construction industry serves maximum demand, followed by oil and gas. Both these end-use industries are flourishing and are expected to sustain the demand throughout the forecast period.

Global Industrial Safety Footwear Market: Market Potential

Safety being the paramount feature, usefulness, comfort, and aesthetic values are some of the other attributes that differentiates similar products from different vendors. As a result, companies involved in the market for industrial safety footwear actively research and develop innovative products to gain shares. For examples, footwear made of lightweight composites that come with reduced discomfort and aid in walking are gaining popularity.

Global Industrial Safety Footwear Market: Regional Outlook

Geographically, Europe serves the maximum demand for industrial safety footwear, primarily gaining from the shoe manufacturing organizations in Italy, Germany, Spain, France, and the U.K. Asia Pacific, being the manufacturing hub for many industries including automotive and electrical, is another important region for the players in the global industrial protective footwear market. Governments in India and China have stiffened the regulations for workplace safety in the past decade, which is further fueling the demand from the region. North America makes for a matured market with the presence of several prominent names and stringent regulations. In the U.S. and Canada, the demand for women’s safety shoes is favoring the uptake.

Global Industrial Safety Footwear Market: Competitive Landscape

Competition in this market is stiff, with the presence of a number of global and local vendors. Some of the prominent players in the global industrial safety footwear market are Dunlop Boots, Honeywell International, Bata Industrials, Uvex Group, V.F. Corporation, COFRA, Simon Corporation, JAL Group France, Hewats Edinburgh, Rock Fall, and Liberty Group. Several leading players often indulge in merger with or acquire smaller regional vendors with potential in order to expand their geographical presence as well as increase production capacity. 

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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