Industrial Safety Footwear Market - By Product (Shoes, Boots), By Material (Leather, Rubber, PVC, PU) & Forecast, 2022-2030
Published on: 2024-07-30 | No of Pages : 240 | Industry : Industrial-Machinery
Publisher : MIR | Format : PDF&Excel
Industrial Safety Footwear Market - By Product (Shoes, Boots), By Material (Leather, Rubber, PVC, PU) & Forecast, 2022-2030
Industrial Safety Footwear Market Size
Industrial Safety Footwear Market size recorded revenue worth more than USD 9 billion in 2021. Driven by increasing work-related hazards, the industry is projected to depict a CAGR of more than 2.5% from 2022 to 2030. Global personal protective equipment (PPE) market is expected to register over 7.5% CAGR in the forecast period driven by growing safety and security compliances at the workplace.
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Safety footwear is vital for workers across the industrial environment to protect them from serious injuries and extreme weather, among other hazards. The escalating cases of work-related injuries will bolster the demand for industrial safety footwear worldwide. According to data from the Centers for Disease Control and Prevention, in 2020, 18% of the 1,176,340 non-fatal work injuries were related to falls, slips, and trips, contributing to the popularity of protective equipment across industries.
In the oil and gas industry, there are risks of seemingly endless hazards. As per the United States Bureau of Labor Statistics, quarrying, mining, and oil and gas extraction accounted for a considerable share of fatal injuries worldwide, with over 130 death cases recorded in 2018. These factors will likely boost awareness about the benefits of safety shoes among industrial workers and consequently provide lucrative opportunities for the industrial safety footwear market expansion over the forthcoming years.
Report Attribute | Details |
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Base Year | 2021 |
Industrial Safety Footwear Market Size in 2021 | 9.13 Billion (USD) |
Forecast Period | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR | 2.5% |
2030 Value Projection | 11.50 Billion (USD) |
Historical Data for | 2017 to 2021 |
No. of Pages | 400 |
Tables, Charts & Figures | 130 |
Segments covered | Product, Application, Material |
Growth Drivers |
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Pitfalls & Challenges |
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Presence of duplicates and low-quality products may hinder industrial safety footwear industry development
Despite the favorable business landscape, growing concerns regarding the availability of duplicates may create a hindrance to the steady development of the industrial safety footwear market. Several regulatory standards and norms associated with the use of quality protective equipment have been introduced. For example, under the Uvex Safety, footwear is intended to protect the wearer against extreme heat or cold, falling objects, and crushing. However, the production of inferior-quality products may assert a negative impact on the industry size over the forecast period.
Industrial Safety Footwear Market Analysis
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Based on the product, the industrial safety footwear market is bifurcated into shoes and boots. Of these, the shoes segment registered sales of more than 200 million pairs in 2021 and is anticipated to register an appreciable valuation by 2030. The segment is further poised to depict a CAGR of 2% through 2030. This growth is driven by the burgeoning production and demand for safety shoes for construction sites. The robust demand for this product type is also observed across the mining industry, due to the increased risk of fatal injuries.
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With regards to the application spectrum, the industrial safety footwear market is segregated into construction, fishery, mining, oil & gas, and agriculture. The demand for construction work shoes remained strong in recent years, mainly due to the rising emphasis on reducing casualties during operations. Based on data from the Occupational Safety and Health Administration, 1 in every 10 construction workers is injured every year. These accelerating cases of workplace injuries will augment the growth of the construction segment, which will generate revenue of more than USD 3 billion by 2030.
The report further states that the agriculture segment will also contribute to the overall industry size. The segment accounted for over 50 million pairs of industrial safety footwear sales in 2021 and is expected to reach more than 57 million pairs by 2030. The constant requirement for safety footwear during the cultivation period and the adoption of advanced harvesting practices will positively influence the industry expansion from the agriculture application segment.
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In terms of material, the industry is segmented into PVC, PU, rubber, and leather categories. Of these, the industrial leather safety footwear market is expected to be valued at over USD 9 billion by 2030. The use of leather in manufacturing safety boots is increasingly popular among manufacturers. This popularity is due to numerous benefits the material brings to such safety footwear, including high strength and shock resistance. It is also breathable and water resistant, thus encouraging consumers to use steel-toe leather boots.
From a regional perspective, the Asia Pacific industrial safety footwear market will depict a CAGR of over 3% through 2030. The regional industry growth is driven by the rising application scope of innovative, lightweight safety shoes in the manufacturing, fishery, agriculture, and food industries. In addition, North America is also set to emerge as a prominent revenue pocket for the industry over the forecast period, due to the rapid introduction of labor safety programs.
Industrial Safety Footwear Market Share
- Bata Industrials
- Delta Plus
- Dunlop Protective Footwear
- Pezzol
- JAL Group
- Uvex Safety Group
- Seiviare
are some of the key industrial safety footwear market participants. These companies are mainly focusing on strategies such as mergers and acquisitions to expand their product reach and strengthen their presence in the global market.
Impact of COVID-19 Pandemic
The COVID-19 pandemic has created unprecedented challenges across varied industrial sectors, including manufacturing, due to the implementation of strict movement restrictions. According to a March 2020 study conducted by the National Association of Manufacturers, over 35% expected disruption in the supply chain, which may result in a decline in demand for industrial safety footwear. However, rapid digital transformation and technological innovations have aided businesses in boosting operations. Furthermore, with the gradual ease of COVID-19 restrictions, the industry size is projected to witness a recovery over the forthcoming years.
Industrial Safety Footwear Market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in million pairs and revenue in USD Thousand from 2018 to 2030, for the following segments
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By Product
- Shoes
- Boots
By Material
- Leather
- Rubber
- PVC
- PU
By Application
- Construction
- Oil & Gas
- Transport
- Mining
- Food
- Pharmaceuticals
- Agriculture
- Fishery
- Others
The above information is provided on a regional and country basis for the following
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Poland
- Asia Pacific
- China
- India
- Japan
- Indonesia
- Malaysia
- Australia
- Latin America
- Brazil
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
Table of Content
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )