Industrial Protective Footwear Market Analysis

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• Coherent Market Insights
• Market Research and Business Consulting Services
• https//www.coherentmarketinsights.com/
• COVID-19 Impact Tracker

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INDUSTRIAL PROTECTIVE FOOTWEAR MARKET ANALYSIS

• Industrial Protective Footwear Market, By Type
  (Leather footwear, Waterproof footwear, Rubber
  footwear, Plastic footwear), By Application
  (Construction, Manufacturing, Mining, Oil Gas,
  Chemicals, Food, Pharmaceuticals,
  Transportation), and By Region (North America,
  Europe, Asia Pacific, Latin America, Middle East
  Africa) - Size, Share, Outlook, and Opportunity
  Analysis, 2020 - 2027

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• Industrial protective footwear is a form of
  protective footwear that is intended to wear at
  the workplace in order to safeguard feet against
  foot injuries. This safety footwear reduce the
  impact of hazards by acting as a protective
  barrier between the individual wearing it and
  working environment. Industrial protective
  footwear can be classified into waterproof,
  rubber, leather, and plastic footwear. They are
  available in shoes and boot form.
• The global industrial protective footwear market
  is projected to reach around US 8,316.2 million
  by the end of 2027, in terms of revenue, growing
  at CAGR of 8.5 during the forecast period
  (2020-2027).
• Drivers
• A growing number of various manufacturing
  industries and rising awareness regarding the
  benefits of protective footwear is projected to
  fuel the market growth. Favorable conditions such
  as low capital, low labor cost, and easy
  availability of the raw materials are also
  expected to foster the market growth of
  industrial protective footwear. All these factors
  are projected to propel the market growth of
  industrial protective footwear.Europe region
  dominated the global industrial protective
  footwear market in 2019, accounting for 34.6
  share in terms of value, followed by North
  America and Asia Pacific, respectively.

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Figure 1. Global Industrial Protective Footwear
Market Share () in terms of Value, By Region, in
2019
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• Market Restraints
• Availability of low-quality product in the market
  due to the increasing number of local
  manufacturers is expected to hinder the market
  growth of industrial protective footwear. Due to
  the availability of low-quality product premium
  brands are facing stiff competitions and thus
  cannot compete with these local players. This is
  expected to hamper the market growth.

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• Market Opportunities
• The advent of advanced protective footwear due to
  technological advancement is expected to bring
  new market opportunities to the market of
  industrial protective footwear. For instance, in
  September 2019, Coats, the industrial thread
  company, has launched a new product targeting the
  personal protection sector called FlamePro Splash
  Protect. The new product is lightweight, soft,
  and flexible while maintaining durability for
  long-lasting wear.
• Growth in the fatal accidents in the construction
  industry is driving demand for personal care
  protection equipment and this is expected to open
  new doors of opportunities for the market. This
  is also attributed to growth in the construction
  industry due to increasing construction of new
  and remodeling of infrastructure across
  developing region. Thus growing demand for
  personal care protective equipment in the
  construction industry is expected to foster the
  market growth of industrial protective footwear.

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Figure 2. Global Industrial Protective Footwear
Market Opportunity Analysis
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• Market Trends
• Introduction of the online retail has enabled
  options for consumers to purchase products at
  their convenience. This is expected to be a major
  trend in the market. VF Corporation and Honeywell
  are two key players that offer products online.
  The growing trend of online shopping coupled with
  the growing awareness regarding safety shoes is
  projected to foster the market growth of
  industrial protective footwear over the forecast
  period. On the basis of application in 2019, the
  construction segment has accounted the largest
  market share of 35.5 in terms of value, followed
  by manufacturing and mining segment respectively.

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Figure 3. Global Industrial Protective Footwear
Market Share () in terms of Value, By
Application, in 2019
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• Global Industrial Protective Footwear Market -
  Impact of Coronavirus (Covid-19) Pandemic
• Coronavirus is expected to have a significant
  impact on construction sector. Construction
  sector is expected to vulnerable to delays due to
  supply chain disruptions and unavailability or
  shortage of workers. Many countries have slowed
  or shut down their production sectors which has
  led to a sharp decrease in production of a wide
  range of materials ranging from steel to cement.
  The slowdown in construction sector is expected
  to decrease the demand for industrial protective
  footwear from this sector. The coronavirus is
  expected to have a short term impact on
  industrial protective footwear market. According
  to Coherent Market Insights, industrial
  protective footwear market is expected to grow at
  a lower CAGR between 2020 and 2021.
• Competitive Section
• Company Names
• JAL Group
• COFRA Holding AG
• ELTEN GmbH
• Oftenrich Holdings Company Limited (Golden Chang)
• Honeywell Safety Products
• Rahman Group
• Rock Fall Ltd.

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• Reference https//www.coherentmarketinsights.com/
  market-insight/industrial-protective-footwear-mark
  et-3966

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