Protective Footwear Market to Witness Exponential Growth Due to Rising Concerns Towards Worker Safety in the Mines & Construction Sector Till 2022 | Million Insights
FELTON, California, January 15, 2019 /PRNewswire/ --
Global Protective Footwear Market is anticipated to witness an exponential growth in the forecast period. Protective Footwear, also termed as "safety shoe" or "boot", is a defensive equipment that helps to defend foot from direct compression threats and falling objects. The factors that propel the growth of the market include rapid industrial development, increase in the number of accidents, increasing consciousness among people, government rules and regulations regarding workers safety, and introduction to innovative products. On the other hand, there are factors that may hamper the growth of the market including lack of awareness among workers in emerging countries and cheaper alternatives to safety shoes. Protective footwear market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
Emerging trend in the market is the usage of lighter compound material in the protective footwear manufacturing. For e.g. Uvex i-genomics are innovative in their way. Properties such as light weight, optimum fit, and exceptional temperature regulation define Uvex I-genomics shoes. This product offers every type of safety and comes in diverse styles. Key players are working in the production of light composite materials and planning to come with new style, comfort, and protection all in one shoe. Protective footwear market could be explored by product type, application, end user, and geography. Market could be explored by product type as Rubber Footwear, PVC Footwear, Pu Footwear, and Other. The key applications that could be explored in this market include Metallurgical, Building, Port, Mines and other. Market could be explored by end user as chemical industry, construction industry, manufacturing industry, and oil and gas industry and mining industry. The "Construction Industry" segment led the protective footwear market in 2017 and will continue to lead in the forecast period. The key factors that may be attributed to the growth of the sector include increasing number of workplace coincidences and growing acceptance of safety shoes in order to develop work-related safety.
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North America accounted for the major share of the protective footwear market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include rising demand for construction, oil & gas, mining, and pharmaceutical companies and growing demand for women's safety footwear. North America is followed by Europe and Asia-Pacific. Some of the key players that fuel the growth of the protective footwear industry comprise Rocky Honeywell, Lehigh Safety Shoes, Georgia Boot, Ariat, Durango, Black Diamond, Baffin, Dan Post, Blundstone, Florsheim, Dr Martens, Kodiak, Impacto, Reebok, Puma, Thorogood, Royer, Xtratuf, Terra, and Tingley. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Market Segment:
- The reports help answer the following questions:
- What is the current size of the protective footwear market in the world and in the top 10 global countries?
- How is the protective footwear market divided into different product segments?
- How are the overall market and different product segments growing?
- How is the market predicted to develop in the future?
- What is the market potential compared to other countries?
- The latest industry data included in the reports:
- Overall protective footwear market size, 2011-2022
- Protective footwear market size by product segment, 2011-2022
- Growth rates of the overall protective footwear market and different product segments, 2011-2022
- Shares of different product segments of the overall protective footwear market, 2011, 2017 and 2022
- The market data is given for the following product segments:
- Protective footwear of plastics or rubber
- Protective footwear of leather
- Among the key reasons to purchase include the following:
- Gain an outlook of the historic development, current market situation, and future outlook of the protective footwear market in the world and in the top 10 global countries to 2022
- Track industry developments and identify market opportunities
- Plan and develop marketing, market-entry, market expansion, and other business strategies by identifying the key market opportunities and prospects
- Save time and money with the readily accessible key market data included in the reports. The data is clearly presented and can be easily incorporated into presentations and internal reports.
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