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., Germany, UK, France, Italy, Spain, Netherlands, Portugal, Belgium, Poland, Austria, Czech Republic, Slovakia, Slovenia, Switzerland, Sweden, Norway, Finland, Denmark, China, India, Japan, Indonesia, Malaysia, Australia, Thailand, Brazil, Saudi Arabia, UAE, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2024
Published Date: January 2017 | 320 Pages | Report ID: GMI1101 Report Format: PDF
Industrial Safety Footwear Market size generated over USD 4.8 billion business in 2015 and expects over 5% gains.
U.S. Industrial Safety Footwear Market size, by application, 2015 & 2024 (Million Pairs)
Shift in focus towards growing worker safety importance manufacturing, oil & gas, chemical, and construction should drive global industrial safety footwear market demand. Wearing safety shoes reduces the risk of leg injury, and other fatalities, making it an effective industrial injury prevention programs.
The number of workplace fatalities in the U.S. was estimated at over 5,000 in 2008. According to implementation of stringent safety standards, number of fatal workplace injuries was reduced closed to 4,400 by 2013. Rising instances of fatal injuries at the workplace has highlighted the importance of safety which should help drive Personal Protective Equipment (PPE) market size. PPE market size should grow at over 7% CAGR due to product usage across various industries, including safety gears for foot, eye, head, face, and hand.
Global construction spending was over USD 7 trillion in 2013 and may register close to USD 15.5 trillion by 2024. Construction industry requires equipment to prevent possible hazards associated with workplace such as falling objects and pointed nails. Usage of protective shoes reduces severe impact from falling objects and cut by sharp objects, which may further stimulate industrial protective footwear market size.
Economic growth across the globe, mainly in China and India has improved public infrastructure demand such as rail transports, airports, roadways, and harbors. Asia Pacific construction industry was valued at over USD 1.5 trillion in 2015 and expects 5% gains.
Strict regulations by ILO, U.S. Department of Labor, British Standards Institution (BSI) and OSHA are implemented across different regions in order to reduce workplace hazards that adversly impact the productivity and business efficiency. This factor should promote industrial protective footwear market.
Industrial safety footwear market size is hindered by product substitute threat from inferior quality and duplicate products. These products undergo vigorous and strict quality check. For example, American National Standards Institute (ANSI) direct and formulates product guidelines. These substandard products are available mainly due to unorganized market existence.
Industrial Safety Footwear Market, By Material
Global leather industrial safety footwear market size was valued at over USD 4 billion in 2015. Leather is preferred material of use for making uppers for industrial protective footwear market owing to its key performance properties which includes durability and insulation.
Key raw materials include leather, natural rubber, and polyvinyl chloride (PVC). Leather, a major raw material used for shoe production as it may be used in different applications such as luggage, bags and wallets, causing supply demand gap and pressurizing industrial safety footwear market price trend.
Waterproof industrial safety footwear market size should witness highest gains at over 5.5% over the foreseeable period. These shoes or boots are designed with waterproof membrane tape creating a water tight barrier which prevents foot from getting wet in water working environments.
Rubber industrial safety footwear market size may witness over 5% gains. Shoes with rubber soles are the correct choice in different application areas where hazardous work is done. Rubber soles offers good resistance against chemicals, acids, and alkalis.
Industrial Safety Footwear Market, By Product
Global industrial safety shoes market size should generate over USD 6 billion sales by 2024. These are used in various industries to protect foot from hazards or injuries and should be comfortable to wear.
Industrial safety boots market size should witness gains at over 4.5%. They are specialized to protect leg or feet from various industrial works.
Industrial Safety Footwear Market, By Application
Industrial safety footwear market size witnessed highest consumption from construction applications and may register over 110 million pairs by 2024. These protective shoes used in construction industry must be resistance to oils, concrete & fuels, and other industrial hazards. In addition, these must be with slip-resistant and puncture-resistant soles to avoid shocks.
Industrial protective footwear market growth from manufacturing application should witness gains at over 5%. These used in this application must be water-resistant, protect against chemicals, and absorbing shocks. In addition, these shoes should ensure high level of adhesion on wet, slippery, greasy and steeply sloping floors and surfaces.
Industrial safety footwear market size from oil & gas may witness significant gains over the foreseeable period. A large portion of the workforce is employed in oil & gas extraction activities which demand important specifications for industrial protective shoes to be lightweight and slip resistant
Industrial Safety Footwear Market, By Region
For the Europe industrial safety footwear market size, Germany should register close to 20 million pairs by 2024. Implementation of worker’s safety standards along with growth in automobile and chemical industry should drive regional growth.
China industrial protective footwear market size should witness over 5.5% growth. Strong indicators for growth in infrastructure spending along with presence of large scale industries should drive regional industry as regulatory authorities are implementing standards to take workforce security on priority.
Brazil industrial protective footwear market size expects gains at over 5%. Rapid industrialization along with growing worker safety importance in Brazil, Columbia and Venezuela should drive regional demand. Development of shale gas market in Brazil should pave new opportunities for Latin America industry growth.
Saudi Arabia, Qatar and UAE expects rapid growth and capacity expansion over the coming years. This factor would increase the personal protective equipment demand and boot industrial safety footwear market size. Oil resistant safety shoes, pipeline construction shoes and anti-impact oilfield shoes should exhibit high product demand in the region.
Competitive Market Share
Global industrial safety footwear market share is highly competitive with major industry players include Bata Industrials, Dunlop Boots, Honeywell International, V.F. Corporation, W.L. Gore, Uvex Group, and JAL Group France.
Many companies are focusing on product differentiation and quality as a part of marketing strategy. These strategies play an important role in increasing production penetration and establishing long term contracts with agents, resellers and end-use industries.
Other important industrial participants include COFRA, Hewats Edinburgh, Rahman Group, Rock Fall, Wolverine, Simon Corporation, Liberty Group, and Pezzol Industries.
Industrial Safety Footwear Industry Background
Industrial safety footwear market includes products worn at the workplace to avoid occupational hazards and injuries such as cutting objects or falling, contact with rolling, stepping on sharp objects, electrical hazards, chemical spill, and wet surfaces. These shoes are fitted with toecaps, which is mainly designed to safeguard against thermal impact.
Industrial safety footwear market production needs to be in compliance with shoe standards such as ANSI. In addition, strong governing bodies in South Africa, India, China, Japan, U.S., and UK are enforcing strict rules and regulations to make it mandatory for industries to protect workers’ safety.
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