The global industrial protective footwear market was valued at $4,217.30 million in 2020, and is projected to reach $11,027.00 million by 2031, growing at a CAGR of 7.9% from 2022 to 2031. Industrial protective footwear includes safety footwear used for worker’s safety across different industries such as construction, manufacturing, chemical, pharmaceuticals, oil & gas, food, transportation, and mining among others. The concerns for workplace safety are rising due to stringent regulations mandating a high standard of occupational and worker safety norms across the organizations. A variety of safety footwear is used at present, namely, waterproof footwear, rubber footwear, leather footwear, and plastic footwear among others.
Rapid industrial development has led to rise in the number of worker accidents along with the implication of strict regulations, thus driving the market growth. The impact of these regulations is expected to increase in the coming years. Rise in health concerns and occupational safety in many countries increases the use of safety shoes in various industries. Worker safety issues are being addressed and industrialists are focusing on improving the safety standards, owing to which there is an increase in the demand for safety footwear globally. Lack of industrial awareness related to personal protection restrains the market growth. However, the introduction of technologically advanced footwear and untapped regions offer ample of opportunities for the development of industrial personal protection products including footwear. The demand for safety shoes is expected to increase in the emerging markets of China, India, Japan, and South Africa among others, due to surge in regulatory actions supported by the International Labor Organization (ILO).
According to industrial protective footwear market analysis, the global industrial protective footwear market is segmented on the basis of type, application, distribution channel, and region. On the basis of type, the market includes leather footwear, waterproof footwear, rubber footwear, and plastic footwear. By application, the market is categorized into construction, manufacturing, mining, oil & gas, chemicals, food, pharmaceuticals, and transportation. On the basis of distribution channel, it is bifurcated into offline and online. Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (France, Germany, Italy, UK, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). The penetration of industrial protective footwear is higher in Europe, followed by North America.
Key players operating in the market are Rahman Group, Honeywell Safety Products, Oftenrich Holdings Co. Ltd., COFRA Holding AG, Saina Corporation Co. Ltd., Jal Group, ELTEN GmbH, UVEX Safety Group, VF Corporation, and Rock Fall Ltd.
Rapid industrial development has led to rise in the number of worker accidents along with the implication of strict regulations, thus driving the market growth. The impact of these regulations is expected to increase in the coming years. Rise in health concerns and occupational safety in many countries increases the use of safety shoes in various industries. Worker safety issues are being addressed and industrialists are focusing on improving the safety standards, owing to which there is an increase in the demand for safety footwear globally. Lack of industrial awareness related to personal protection restrains the market growth. However, the introduction of technologically advanced footwear and untapped regions offer ample of opportunities for the development of industrial personal protection products including footwear. The demand for safety shoes is expected to increase in the emerging markets of China, India, Japan, and South Africa among others, due to surge in regulatory actions supported by the International Labor Organization (ILO).
According to industrial protective footwear market analysis, the global industrial protective footwear market is segmented on the basis of type, application, distribution channel, and region. On the basis of type, the market includes leather footwear, waterproof footwear, rubber footwear, and plastic footwear. By application, the market is categorized into construction, manufacturing, mining, oil & gas, chemicals, food, pharmaceuticals, and transportation. On the basis of distribution channel, it is bifurcated into offline and online. Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (France, Germany, Italy, UK, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). The penetration of industrial protective footwear is higher in Europe, followed by North America.
Key players operating in the market are Rahman Group, Honeywell Safety Products, Oftenrich Holdings Co. Ltd., COFRA Holding AG, Saina Corporation Co. Ltd., Jal Group, ELTEN GmbH, UVEX Safety Group, VF Corporation, and Rock Fall Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the current industrial protective footwear market trends, estimations, and dynamics from 2020 to 2031, which assist to identify the prevailing industrial protective footwear market opportunities.
- Major countries in each region have been mapped based on revenue contribution to the global market.
- Market player positioning of the industry has been provided to provide a clear understanding of their competitive strengths.
- Porter's five forces analysis is used to illustrate the potential of suppliers and buyers in the industry.
- Comprehensive analysis of factors that drive and restrict the growth of industrial protective footwear is provided.
- The report focuses on the regional & global market, the key players, and market segments apart from a detailed study on the divisions and application areas.
Key Market Segments
By Type
- Leather Footwear
- Waterproof Footwear
- Rubber Footwear
- Plastic Footwear
By Application
- Construction
- Manufacturing
- Mining
- Oil And Gas
- Chemical
- Food
- Pharmaceuticals
- Transportation
By Distribution Channel
- Offline
- Online
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Italy
- U.K.
- Germany
- France
- Rest of Europe
- Asia-Pacific
- Japan
- Australia
- China
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Rahman Group
- Honeywell Safety Products
- Oftenrich Holdings Co. Ltd.
- COFRA Holding AG
- Saina Corporation Co. Ltd.
- Jal Group
- elten gmbh
- UVEX Safety Group
- VF Corporation
- Rock Fall Ltd.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: INDUSTRIAL PROTECTIVE FOOTWEAR MARKET, BY TYPE
CHAPTER 5: INDUSTRIAL PROTECTIVE FOOTWEAR MARKET, BY APPLICATION
CHAPTER 6: INDUSTRIAL PROTECTIVE FOOTWEAR MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: INDUSTRIAL PROTECTIVE FOOTWEAR MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Industrial Protective Footwear Market,' the industrial protective footwear market was valued at $4,217.30 million in 2020, and is estimated to reach $11.0 Billion by 2031, growing at a CAGR of 7.9% from 2022 to 2031. The leather industrial protective footwear segment accounted for more than four-fifths of the total industrial protective footwear market revenue in 2020.The industrial protective footwear market includes footwear designed to assure workers’ safety in industries such as construction, manufacturing, chemical, and others. Rise in health concerns and occupational safety issues have increased the use of industrial protective footwear. Industrialists focus on improving the safety standards owing to increased worker safety issues, thus fueling the demand for safety footwear globally.
The COVID-19 pandemic situation had a negative impact on the industrial protective footwear market due to supply chain disruption and shutdown of manufacturing units across the world.
The rapid industrial development coupled with rise in the number of worker accidents has increased the demand for safety footwear globally. The stringent government rules and regulations regarding worker safety have increased the demand for various types of innovative protective footwear to avoid worker accidents. Rise in health concerns regarding personal protection enforces footwear manufactures to make innovative safety footwear alternatives.
Owing to lack of industrial awareness regarding personal protection, it has impacted the sales in response to safety concerns for manufacturers to develop differentiated products. Untapped regions offer ample of opportunities for the development of industrial protective footwear.
Manufacturers of protective footwear are coming up with new ways to make the safety footwear more comfortable and lighter to avoid food fatigue, which improves working conditions. Protective footwear is available in various shapes and sizes, and maintains its durability as long as it’s built with quality material and innovative technology. The industrial protective footwear is selected for comfort, performance, and stability in work. Innovative technologies in footwear serve different functions such as slip resistant, reduction of foot fatigue and forefoot, and support for the arch and heel.
According to industrial protective footwear market analysis, the global industrial protective footwear market is segmented on the basis of type, application, distribution channel, and region. On the basis of type, the market includes leather footwear, waterproof footwear, rubber footwear, and plastic footwear. By application, the market is categorized into construction, manufacturing, mining, oil & gas, chemicals, food, pharmaceuticals, and transportation. On the basis of distribution channel, it is bifurcated into offline and online. Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (France, Germany, Italy, UK, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). The penetration of industrial protective footwear is higher in Europe, followed by North America.
Leather footwear is expected to dominate the market throughout the analysis period. The segment constituted over 80% of the industrial protective footwear market size in 2020 and is anticipated to maintain this share till 2031. From a growth perspective, plastic footwear segment is expected to witness the highest CAGR of around 9.3% from 2022 - 2031.
The construction industry dominated the application segment with over one-third of the total market revenue in 2020, and is expected to grow at a CAGR of 7.4% during the forecast period. The industrial protective footwear market growth is driven by rising number of accidents at construction sites.
There are numerous dominant players present in the industrial protective footwear market that occupy a major share. These market giants raise high barriers for the companies trying to enter the market. Rapid industrial development, legal barriers, stringent government regulations, increase in awareness, and high demand are the major factors that attract manufacturers to invest in this market. However, new entrants are attracted toward this market due to increasing demand, which moderates the threat of new entrants. Moreover, there is a low product differentiation of safety footwear in the market.
Owing to the presence of numerous players in the market, there is high rivalry within competitors to occupy a major industrial protective footwear market share. In such a competitive scenario, the companies exert pressure on each other and try to limit their competitor’s profitability. However, high economic base and high growth rate increase the competitive rivalry in the industrial protective footwear industry. High exit barriers in the industry and innovations in the product make the competition high among the companies.
KEY FINDINGS OF STUDY
- By type, the rubber footwear segment is projected to show highest growth rate during the forecast period.
- Europe is projected to maintain its lead, growing at a CAGR of 7.5% from 2022-2031.
- The leather footwear segment accounted for more than four-fifths of the total industrial protective footwear market revenue in 2020.
- By application, the construction segment dominated the market in 2020.
- Region wise, LAMEA is expected to grow at the fastest rate, during the forecast period.
The major companies profiled in the report include Rahman Group, Honeywell Safety Products, Oftenrich Holdings Co. Ltd., COFRA Holding AG, Saina Corporation Co. Ltd., Jal Group, ELTEN GmbH, UVEX Safety Group, VF Corporation, and Rock Fall Ltd.
Companies Mentioned
- Rahman Group
- Honeywell Safety Products
- Oftenrich Holdings Co. Ltd.
- COFRA Holding AG
- Saina Corporation Co. Ltd.
- Jal Group
- elten gmbh
- UVEX Safety Group
- VF Corporation
- Rock Fall Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 240 |
| Published | March 2022 |
| Forecast Period | 2020 - 2031 |
| Estimated Market Value ( USD | $ 4777.73 million |
| Forecasted Market Value ( USD | $ 11027 million |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
