Industrial Safety Footwear Market Analysis

Industrial Safety Footwear Market Analysis

Based on the product, the industrial safety footwear market is bifurcated into shoes and boots. Of these, the shoes segment registered sales of more than 200 million pairs in 2021 and is anticipated to register an appreciable valuation by 2030. The segment is further poised to depict a CAGR of 2% through 2030. This growth is driven by the burgeoning production and demand for safety shoes for construction sites. The robust demand for this product type is also observed across the mining industry, due to the increased risk of fatal injuries.
 

With regards to the application spectrum, the industrial safety footwear market is segregated into construction, fishery, mining, oil & gas, and agriculture. The demand for construction work shoes remained strong in recent years, mainly due to the rising emphasis on reducing casualties during operations. Based on data from the Occupational Safety and Health Administration, 1 in every 10 construction workers is injured every year. These accelerating cases of workplace injuries will augment the growth of the construction segment, which will generate revenue of more than USD 3 billion by 2030.
 

The report further states that the agriculture segment will also contribute to the overall industry size. The segment accounted for over 50 million pairs of industrial safety footwear sales in 2021 and is expected to reach more than 57 million pairs by 2030. The constant requirement for safety footwear during the cultivation period and the adoption of advanced harvesting practices will positively influence the industry expansion from the agriculture application segment.
 

In terms of material, the industry is segmented into PVC, PU, rubber, and leather categories. Of these, the industrial leather safety footwear market is expected to be valued at over USD 9 billion by 2030. The use of leather in manufacturing safety boots is increasingly popular among manufacturers. This popularity is due to numerous benefits the material brings to such safety footwear, including high strength and shock resistance. It is also breathable and water resistant, thus encouraging consumers to use steel-toe leather boots.
 

From a regional perspective, the Asia Pacific industrial safety footwear market will depict a CAGR of over 3% through 2030. The regional industry growth is driven by the rising application scope of innovative, lightweight safety shoes in the manufacturing, fishery, agriculture, and food industries. In addition, North America is also set to emerge as a prominent revenue pocket for the industry over the forecast period, due to the rapid introduction of labor safety programs.