Industrial Protective Footwear Market Scope
Industrial Protective Footwear is the need for the safety of individuals and developing the confidence of working with the surety of minimal loss in case of an accident. Demand for industrial protective footwear has increased, due to the government initiative to implement protection equipment for the worker. Market players are ensuring safety by providing the appropriate footwear for the working environment. Industrial protective footwear is increasing the productivity of industries by providing a lucrative work environment to the employees.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | JAL Group France SAS (France), COFRA S.r.l. (Italy), ELTEN GmbH (Germany), Dunlop Boots Netherlands), Honeywell International, Inc. (United States), Bata Industrials (Netherlands), Red Wing Shoes (United States), Jallatte (France), Rahman Group (India), Rock Fall Ltd. (United Kingdom), Saina Group Co. Ltd. (China), Uvex Group (Germany), V.F. Corporation (United States) and Vibram S.p.A. (Italy) |
CAGR | 7.4% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that Global Vendors will contribute to the maximum growth of Global Industrial Protective Footwear market throughout the predicted period.
JAL Group France SAS (France), COFRA S.r.l. (Italy), ELTEN GmbH (Germany), Dunlop Boots Netherlands), Honeywell International, Inc. (United States), Bata Industrials (Netherlands), Red Wing Shoes (United States), Jallatte (France), Rahman Group (India), Rock Fall Ltd. (United Kingdom), Saina Group Co. Ltd. (China), Uvex Group (Germany), V.F. Corporation (United States) and Vibram S.p.A. (Italy) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Gabri Safety Shoes (Italy), Simon Corporation (Japan) and Anbu Safety Industrial Co., Ltd. (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Industrial Protective Footwear market by Type , by Application (Manufacturing, Construction, Oil & Gas, Chemicals, Food, Mining, Pharmaceuticals and Transportation) and Region with country level break-up.
On the basis of geography, the market of Industrial Protective Footwear has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In April 2020, Dunlop established a partnership with LineDrive to be Dunlop's sales agency in the industry sector, providing the best product alternatives for workers’ safety footwear.
In October 2022, Xena Workwear unveiled the Valence SD shoe, a Chelsea boot designed for dissipative purposes.
United States – As per Occupational Safety and Health Administration (OSHA) 29 CFR 1910.136(a), when working in areas where there is a danger of foot injuries due to falling or rolling objects, or objects piercing the sole, and where such employee’s feet are exposed to electrical hazards, each affected employee shall wear protective footwear. 29 CFR 1910.136(b) – Provides the criteria for protective footwear and Canada - The Canadian Standards Association (CSA) engaged in standards development and certification activities. CAN/CSA-Z195 covers the design and performance of protective footwear which includes electric-shock resistant soles, toe protection, sole puncture protection and other requirements and overall stability relating to footwear.
Influencing Trend:
Stringent Regulatory Requirement and Higher Concentration in Safety
Market Growth Drivers:
Adoption of Stringent Regulatory Framework and High Growth in Developing Economies and Growing Awareness about the Importance of Workplace Safety
Challenges:
High Cost of Raw Material
Restraints:
Increased Automation in End-User Industry
Opportunities:
Rapid Industrial Development in Developing Countries and Technology Advancement regarding body protection equipment
Key Target Audience
Industrial Protective Footwear Manufacturers, Industrial Protective Footwear Suppliers, Industrial Protective Footwear Wholesalers, Distributors and Retailers, Raw Material Providers, Regulatory Bodies, End-User Industry, Research Firm and Others