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A recent report published by
Infinium Global Research on industrial protective footwear market provides in
depth analysis of segments and sub-segments in global as well as regional
industrial protective footwear market. The study also highlights the impact of
drivers, restraints and macro indicators on the global and regional industrial
protective footwear market over the short term as well as long term. The report
is a comprehensive presentation of trends, forecast and dollar values of global
industrial protective footwear market. According to report the global
industrial protective footwear market is projected to grow at a CAGR of 6.1%
over the forecast period of 2018-2024.
Market Insight
Industrial
protective footwear is a special type of footwear used in the industrial
premises. Industrial protective footwear
protects workers foot or leg while working, from falling object, electric shock, heated material and any
unwanted injury to foot or leg. This footwear
is effective in keeping the feet of
industrial workers safe from sharp and heavy objects while working in
factories. Industrial protective footwear is
available in many styles, including sneakers and clogs.
Protective footwear is
fitted with toecaps designed to ensure protection against impact when tested at
an energy level of at least 100 J and against compression when tested at a
compression load of at least 10 kN. The implementation of stringent regulations
for workplace safety, growing concerns among organizations regarding the
benefits of safety gears, and development of global manufacturing industry are
few of the factors helping to boost the growth of the industrial protective
footwear market. Industrial protective footwear improves the safety of the workplace. Additionally, several industries
such as mining, food, manufacturing, pharmaceuticals, transportation,
construction, oil and gas, and chemicals are employing advanced protective
footwear at their workplaces in a strict manner
to reduce the human injury and financial loss to the organization.
However,
factors such as lack of awareness about
protective footwear among workers in small and mid-sized industries in
developing countries and growing preference of substandard protective footwear
materials by several organizations are restraining the growth of this market in
short and medium term. North America and
Europe held the leading share in the global industrial protective footwear
market due to the developed industrial
sector, stringent government rules concerning the safety of human being and
provision of financial compensation in case of injury to workers. Additionally,
growth in demand for strong safety
measure in working place by labor unions and implementation of a government initiative
of workers safety measures in true spirit
is expected to boost the market in the medium and long-term.
North America and Europe held the leading share in
the global industrial protective footwear market due to the developed industrial sector, stringent government
rules concerning the safety of human being and provision of financial
compensation in case of injury to workers. Furthermore, the Europe industrial
footwear market is expected to grow over at a good CAGR in the coming years due to the presence of several
shoe manufacturing firms in countries such as the U.K., Spain, Italy, France,
and Germany. The increasing government
regulations in Asia Pacific region regarding workplace safety is most likely to boost the
demand for industrial protective
footwear in the Asia Pacific region, especially in China and India. These regions
are expected to boost the demand for
protective footwear due to growing industrialization, the growth of the construction
sector. Additionally, the growth of
several industries as chemical, pharmaceutical, iron, and steel industries are helping to boost the demand for industrial protective footwear products in
this region.
Segment Covered
The report on global industrial
protective footwear market covers segments such as, type and application. On the basis of type the global industrial
protective footwear market is categorized into leather footwear, waterproof
footwear, rubber footwear and plastic footwear. On the basis of application the
global industrial protective footwear market is categorized into construction,
manufacturing, mining, oil and gas, chemical, food, pharmaceuticals and
transport.
Geographic Coverage
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it
is the largest market in the region. The Asia-pacific region offers a
substantial potential for the market growth owing to rapid growth in markets
such as India and China. The APAC region is projected to experience a growth at
a CAGR of x.x% over the period of 2018-2024.
Companies Profiled:
The report provides profiles of
the companies in the global industrial protective footwear market such as, JAL
Group, COFRA, Dunlop Boots, Hewats Edinburgh, Honeywell Safety Products, Rahman
Group, Rock Fall Ltd., Uvex Safety Group, VF Corporation and Wolverine.
Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global industrial protective footwear market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of industrial protective footwear market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the industrial protective footwear market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the industrial protective footwear market to understand the present and future trends in this market and formulate their strategies accordingly.
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