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Industrial Protective Footwear Market Poised to Grow at a CAGR of 6.1% by 2024


Infinium Global Research has added a new report on Industrial Protective Footwear Market. The report presents analysis of global as well as regional markets of industrial protective footwear market over the period of 2016 to 2024. 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. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global industrial protective footwear market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global industrial protective footwear market report by clicking the following link, Use code IGRD15 to request the discount in the given form

https://www.infiniumglobalresearch.com/reports/request-discount/1861

 

 

The recent report identified that North America dominated the global industrial protective footwear market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the industrial protective footwear market worldwide.

 

The report segments the global industrial protective footwear market on the basis of Type and Application.

 

Global Industrial Protective Footwear Market by Type

·         Leather Footwear

·         Waterproof Footwear

·         Rubber Footwear

·         Plastic Footwear

 

Global Industrial Protective Footwear Market by Application

·         Construction

·         Manufacturing

·         Mining

·         Oil And Gas

·         Chemical

·         Food

·         Pharmaceuticals

·         Transport

 

Companies Profiled in the Report

·         JAL Group

·         COFRA

·         Dunlop Boots

·         Hewats Edinburgh

·         Honeywell Safety Products

·         Rahman Group

·         Rock Fall Ltd.

·         Uvex Safety Group

·         VF Corporation

·         Wolverine

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.




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