Industrial Safety Footwear Market Size

Industrial Safety Footwear Market Size

Industrial Safety Footwear Market size recorded revenue worth more than USD 9 billion in 2021. Driven by increasing work-related hazards, the industry is projected to depict a CAGR of more than 2.5% from 2022 to 2030. Global personal protective equipment (PPE) market is expected to register over 7.5% CAGR in the forecast period driven by growing safety and security compliances at the workplace.

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Safety footwear is vital for workers across the industrial environment to protect them from serious injuries and extreme weather, among other hazards. The escalating cases of work-related injuries will bolster the demand for industrial safety footwear worldwide. According to data from the Centers for Disease Control and Prevention, in 2020, 18% of the 1,176,340 non-fatal work injuries were related to falls, slips, and trips, contributing to the popularity of protective equipment across industries.

In the oil and gas industry, there are risks of seemingly endless hazards. As per the United States Bureau of Labor Statistics, quarrying, mining, and oil and gas extraction accounted for a considerable share of fatal injuries worldwide, with over 130 death cases recorded in 2018. These factors will likely boost awareness about the benefits of safety shoes among industrial workers and consequently provide lucrative opportunities for the industrial safety footwear market expansion over the forthcoming years.