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Global Industrial Protective Footwear Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2027 | EMR Inc.

Global Industrial Protective Footwear Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2027 | EMR Inc.

July 02
19:48 2022
Global Industrial Protective Footwear Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2027 | EMR Inc.
Global Industrial Protective Footwear Market Report and Forecast 2022-2027
Global Industrial Protective Footwear Market to be Driven by the Increasing Awareness Regarding Stringent Regulations in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘Global Industrial Protective Footwear Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global industrial protective footwear market, assessing the market based on its segments like materials, end-uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 5.3%

Increased awareness of severe rules and enforced higher standards of worker and workplace safety across organisations are projected to propel the market growth. Rising concerns and awareness regarding workplace safety are anticipated to further drive the growth. Favourable conditions, such as low-cost labour, capital, and raw materials, along with low-interest loans and tax incentives, has resulted in the shifting of industrial production facilities from the developing economies of North America and Europe to the Asia Pacific, especially China. Rapid industrialisation, along with growing end-user industries, such as construction, mining, food, pharmaceutical, and oil and gas, and rising government initiatives to enhance employee safety in the workplace will support the industrial safety footwear market growth. Moreover, special training programs with the development of new strict safety standards would further increase the safety equipment demand over the forecast period.

Industry Definition and Major Segments

Worker safety is ensured using protective footwear in a variety of industries. Splinters, heavy falling or rolling things, slick surfaces, pinch points, rotational equipment, sharp piercing edges, hot objects, rope loops under strain, electricity, chemicals, severe weather, and other hazards protect the wearer’s foot. Safety footwear has seen various technological developments over the years, which has aided its growing demand.

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By material, the market is segmented into:

• Leather
• Rubber
• Plastic

The end uses of the market are as follows:

• Construction
• Manufacturing
• Mining
• Oil and Gas
• Chemical
• Pharmaceutical
• Transportation
• Others

On the basis of region, the market is segmented into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

The use of lighter composite materials for shoe manufacturing is an increasing trend in the industry. Key footwear manufacturers are concentrating on developing materials and solutions that combine protection, comfort, and style in a single shoe. These advancements in the industry are intended to urge both men and women to use appropriate footwear at work. This is expected to propel the market growth further. The risk of electric shocks is increasing as the importance of hybrid, and fully electric vehicles continue to grow, influencing the demand for high-quality safety shoes. Additionally, industrial protective footwear helps to reduce strain and lead to sufficient support for the feet. This is driving the industrial approach toward designing and manufacturing safety footwear, influencing the market growth.

Key Market Players

The major players in the market are Honeywell International Inc, Wolverine World Wide Inc., Cat Footwear (Caterpillar, Inc.), Dunlop® Protective Footwear, Rock Fall (UK) LTD, Bata Corporation, and Hilson Footwear Pvt. Ltd, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company’s expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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