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), Industry Outlook Report, Regional Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Industry Trends

Industrial Safety Footwear Market size exceeded $9 billion globally in 2019 and is estimated to grow at over 6% CAGR between 2020 and 2026. Technological advancements along with upgradation of safety standards & regulations will drive safety footwear business expansion.
 

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Industrial safety footwear is a type of protective gear designed to guard the feet against a wide variety of injuries at the workplace. Safety footwear includes safety shoes as well as safety boots that come in a variety of fittings as per the application or safety requirement. The most common types of workplace foot injuries include compression, impact, and puncture. Safety footwears minimize the impact of hazards by introducing a protective barrier between the user and the working environment.
 

Manufacturers are undertaking foot safety protection programs pertaining to fit testing, selection, inspection, training, and maintenance to protect employees from foot injuries at the workplace. These safety programs can mandate employers to adhere to stringent safety regulations and can also help to save surplus expenses on lost production time, worker's compensation, and medical expense. As per the Bureau of Labor Statistics, 60,000-foot injuries in the U.S. every year resulted in lost production time which caused the average expense of around USD 9,600 per day.
 

Stringent regulatory guidelines frame worked by authorities such as ILO, BSI, and OSHA have enforced employers to provide its employees with certified safety gear. This certified safety footwear earmarks the level of protection offered for electric shock, chemical hazards, penetration, and impact. Also, the marking on the product label indicates international or national standards the product was intended to meet.
 

Manufacturers are providing safety assessment programs to different industries to assess the work environment. As per the analysis of this program, requirements of footwears based on the hazard present are obtained. Products are marked with different symbols that translate the required criteria and application intended. For instance, a green triangle implies sole puncture protection with a grade 1 protective toecap intended for heavy industrial work environments.
 

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Superior durability, strength, and water resistance is supporting the leather safety footwear demand

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On the basic of material, the market is bifurcated into leather, rubber, plastic, waterproof, and polyurethane, on the basis of material type. Leather material occupied over 75% of the global industrial safety footwear market share in 2019. Key industry participants are extensively using leather material for manufacturing safety footwear as the material owing to non-conductive property offers safety against harmful electric shocks. An influx of leather suppliers across the globe has further prompted manufacturers to use leather materials due to enhanced value chain proposition.
 

Growing demand for safety shoes made from leather due to protective characteristics of the material against punctures, falling objects, burns, cutting hazards, and extreme weather conditions will support overall market advancement. However, numerous private label manufacturers are engaged in producing cheap safety shoes by using low-quality and spurious materials which is curtailing the demand for leather material. Rising preference among consumers for locally made inexpensive shoes has created stiff competition in the global industrial safety footwear market.
 

Cost effectiveness along with availability of wide range of products is supporting the safety shoes demand

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As per the study analysis, the product segment is categorized into shoes and boots. The industrial safety shoe segment is anticipated to grow at a rapid pace with a CAGR of over 6% from 2020 to 2026. Safety shoes are available in multiple styles, protective elements and price points to fit the expectations and needs of different industries. Safety shoes are available for mining, oil & gas, heavy metal, fabrication, construction & general industrial applications.
 

Work shoes from rubber are built for rugged durability and extreme protection and are available in several styles. Also, overshoes add traction and insulation in extreme working conditions which makes it suitable for heavy industrial applications. Key industry players are focusing on developing safety product line featuring shoes with durable and strong characteristics, and excellent forefoot torsion control for increased stability that will help to reduce leg and foot fatigue.
 

High risk along with implementation of HSE norms is driving safety footwear demand in Oil & Gas applications

On the basis of application, the global industrial safety footwear market is categorized into construction, manufacturing, oil & gas, chemicals, transport, mining, food, and pharmaceutical. An oil spill, explosive substances, cranes swinging heavy material through the air and severe weather conditions have necessitated the demand for protective footwear in the oil & gas industry. The oil & gas sector has witnessed exorbitant growth over the past few years and is anticipated to grow at a CAGR of over 5.5% from 2020 to 2026.
 

Oil & gas companies working in the arctic region face a high fatality rate due to difficult evacuation, emergency response, and rescue conditions. The EU and the Arctic Council introduced laws and guidelines concerning safety operations in the Arctic. This has regulated product sales across the oil & gas industry. Key industry players owing to the hazardous working environment present across the oil & gas sector has started developing products as per diverse task areas. For instance, safety boots for offshore operations are introduced with features such as SRC slip resistance, waterproof, lightweight and breathable properties.
 

Europe remains most attractive demand hub for protective gears

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Europe's safety footwear market may witness significant growth due to many favorable factors present such as growing industrial sector, significant regulatory pressures, and tax incentives & duty rationalization offered by regional governments. Some other factors that can be attributed to growing demand are increasing labor force, growing awareness regarding health safety at the workplace, improved technical support and awareness about the price-performance ratio of products.
 

A shift in paradigm towards sourcing safety footwear from low-cost countries is changing the overall industry dynamics of Europe safety footwear market. Companies are actively sourcing safety footwear products from China on a large scale. This trend of sourcing is largely affecting local production. Western, Central and Southern Europe are seeing a decline in production rate due to sourcing of cost-effective products form Africa & Asia.
 

New product launches, and strategic mergers & acquisition will remain key growth strategies

Some of the major companies operating in the industrial safety footwear market are Honeywell International, Inc, Hewats Edinburgh, Dunlop Boots, JAL Group France SAS, Uvex Group, Bova Safety Footwear, V.F. Corporation, Rock Fall Ltd, Liberty Group and Simon Corporation.
 

Key industry participants operating in the industrial safety footwear market are adopting strategies such as mergers & acquisitions, strategic partnerships & collaborations, new product development & launches, and supply chain agreements to enhance their market presence and share. For instance, in May 2016, Dunlop Protective Footwear acquired Onguard, a protective bootmaker company. This acquisition would let these two companies produce and market more than seven million pairs of safety boots globally. The manufacturers would cater to end-users, those working in agriculture, food processing, oil, gas & mining, and construction industries.
 

The industrial safety footwear market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in million pairs and revenue in USD million from 2015 to 2026, for the following segments:

By Material

• Leather
• Rubber
• Plastic
• Waterproof

By Product

• Shoes
• Boots

By Application

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

The above information has been provided for the following regions and countries:

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Netherlands
  • Portugal
  • Belgium
  • Poland
  • Austria
  • Czech Republic
  • Slovakia
  • Switzerland
  • Sweden
  • Norway
  • Finland
  • Denmark
• APAC
  • China
  • India
  • Japan
  • South Korea
  • Thailand
  • Malaysia
  • Australia
• LATAM
  • Brazil
• MEA
  • Saudi Arabia
  • UAE
  • South Africa