The Industrial Safety Footwear Market is set to thrive at a steady CAGR of 7.4% during the forecast period. The market holds a share of USD 11.6 billion in 2023 while it is anticipated to cross a value of USD 23.6 billion by 2033.
The restoration of industrial spaces is the key factor that pulls the industry to a halt. The industry worker’s rights are also likely to fuel the demand for industrial safety footwear. Furthermore, advanced insulation and protective layer technologies are leading in the market. Companies and their higher capital investment for the worker’s benefits are also improving industrial safety equipment, including industrial safety footwear. More complex and hazardous industries, such as chemical-based products, construction materials, and their industries that involve fatal work, require a good range of safety equipment, such as gloves, footwear, and masks. The construction and agricultural industry operations are likely to flourish the demand for industrial safety footwear.
The industrial safety footwear market outlook states that rapid shift in the industrial working measures, along with the advent of advanced safety measures and enhanced harvesting practices. These practices push end users to adopt the latest safety measures to prevent any mishappening. Along with these factors, the rising sensitivity toward employees and their welfare schemes is increasing the sales of industrial safety footwear.
| Attributes | Details |
|---|---|
| Industrial Safety Footwear Market CAGR (2023 to 2033) | 7.4% |
| Industrial Safety Footwear Market Size (2023) | USD 11.6 billion |
| Industrial Safety Footwear Market Size (2033) | USD 23.6 billion |
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From 2017 to 2022, the global industrial safety footwear market registered a comparatively higher CAGR of 12.1%.
During the COVID-19 pandemic, customers delayed or postponed spending on non-essential products and services, such as footwear, apparel, and home appliances, resulting in a decrease in demand for footwear. Furthermore, temporary shutdowns of manufacturing units and the closure of manufacturing industries affected demand for industrial safety footwear
In recent years, one of the primary factors driving industrial safety footwear market expansion has been the increased acceptance of ergonomically designed protective footwear from various sectors. Furthermore, a key benefit of work industrial safety footwear is that it reduces strain and provides sufficient foot support. The market is likely to recover partially between 2023 and 2028.
Due to key players' increased development of innovative products, the global industrial safety footwear industry is expected to grow significantly. In addition, electric shocks are becoming more common as the popularity of hybrid and completely electric vehicles grows, affecting the demand for standard-quality safety shoes. The industrial safety footwear market is anticipated to thrive at a CAGR of 7.4% between 2023 and 2033.
Rapid expansion in various industries led to an increase in the global workforce. On the other hand, factory workers suffer long hours, terribAle working conditions, and job insecurity. This has a significant impact on the growth of the industrial protective footwear industry.
Protective shoes like chemical-resistant work shoes, anti-static steel toe shoes, and non-slip steel toe work shoes are in higher demand due to government rules addressing job safety.
Principal Consultant
Risks generated from poor or cheap quality protective footwear may hinder the global industrial safety footwear market. There is a fair chance that cheap safety shoes will become common, thus increasing workplace hazards and affecting the safety footwear market.
However, after gaining a better grasp of the problem, the government has enacted several regulations to prevent duplication and maintain standard quality in protective footwear. As a result, safety footwear products must pass a rigorous quality check without jeopardizing the safety criteria.
For example, the American National Standards Institute (ANSI) develops and oversees industry safety footwear standards, assisting in removing the aforementioned impediment.
The increasing rate of ergonomically designed safety shoes is one of the latest protective shoe market trends. Ergonomically designed footwear has a more significant influence on body weight and movement, which if not implemented can lead to several health issues accompanied by comfort and fitness issues.
Additionally, ergonomically designed industrial safety shoes for men help reduce strain and provide sufficient support to the feet. Such an ergonomic approach toward designing and manufacturing safety shoes may increase customer base and loyalty, contributing to industrial safety footwear market growth.
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| Region | Absolute Market Growth |
|---|---|
| United States | USD 4.2 billion |
| United Kingdom | USD 461.2 million |
| China | USD 813.1 million |
| Japan | USD 602.4 million |
| South Korea | USD 320.6 million |
Expanding Industries, along with Government Providing Aid to Businesses, help the United States Market be at the Top
| Region | Attributes |
|---|---|
| United States Market CAGR (2023 to 2033) | 7.2% |
| United States Market Absolute Doller Growth (USD million/billion) | USD 4.2 billion |
Due to the developing oil and gas industry in Central and South America, as well as increased investments in agriculture, defense, and healthcare, North America is expected to see an increase in demand for industrial protective footwear. The United States is anticipated to maintain its leadership due to the presence of well-established producers in the region. The regional market is likely to thrive at a CAGR of 7.2% between 2023 and 2033, while crossing a value of USD 8.4 billion by 2033.
In addition, several factors drive the region's industries, including favorable raw material prices, increased awareness of safety issues, lower transportation costs, and increased innovation from safety footwear makers.
Huge Government Investments in Industrial Spaces by Emerging Asian Economies like China and India are Transforming the Regional Market Dynamics
| Region | Attributes |
|---|---|
| Chinese Market CAGR (2023 to 2033) | 6.8% |
| Chinese Market Absolute Doller Growth (USD million/billion) | USD 813.1 million |
Chinese industrial safety footwear market is another significant market space, with a CAGR of 6.8% during the forecast period, while the regional revenue reaches a value of USD 1.7 billion by 2033. Over the projection period, the Asia Pacific is expected to experience substantial expansion, owing to increased adoption of health and safety initiatives to reduce workplace deaths. In addition, the construction industry's notable expansion in rising economies such as China and India is boosting industrial safety footwear market growth in the area.
| Attribute | Details |
|---|---|
| Segment | Top Material |
| Top Sub-segment | Leather |
| CAGR (2017 to 2022) | 12% |
| CAGR (2023 to 2033) | 7.2% |
| Attribute | Details |
|---|---|
| Segment | Top Application |
| Top Sub-segment | Construction |
| CAGR (2017 to 2022) | 11.8% |
| CAGR (2023 to 2033) | 6.9% |
By material, leather material is estimated to have the highest share, with a CAGR of over 7.2% between 2023 and 2033. For work shoes and boots, leather is the recommended upper shoe material.
Although, depending on the features required by the maker, such as insulation, traction, or durability, different materials are utilized to construct shoe bottoms. Due to its non-conductivity or anti-static properties, leather is also widely used in manufacturing safety shoes, which protect against lethal electric shocks.
Genuine leather is also resistant to punctures, falling items, burns, cutting dangers, and extreme weather conditions. Moreover, the increased demand for organic leather products may propel the industrial safety footwear market throughout the forecast period.
By application, the construction industry is estimated to thrive at a CAGR of 6.9% between 2023 and 2033. In the construction industry, protective shoes and boots protect workers from various hazards, including foot injury, becoming caught in running machinery, and overturning.
Industrial safety shoes must be impenetrable to casting oils, concrete, and fuels, with no loss, water, or chemical resistance. They also require a particular sole for anti-slip and shock absorption, as well as excellent adhesion on wet, oily, slippery, and steeply sloping floors and surfaces.
According to OSHA, construction workers must also wear safety work shoes or boots with slip-resistant and puncture-resistant bottoms. In addition, to avoid crushing toes while working around heavy equipment or falling objects, wear safety-toed footwear.
As a result of the government's tough regulations aimed at preventing employees from becoming injured on building sites, the industrial safety footwear industry is expected to develop in the coming years.
The industrial safety footwear market is fragmented. As a result, manufacturers are investing in innovative technology and product development to capitalize on the increased demand for industrial safety footwear in the coming years.
key market players are working on lightweight composites to reduce the pain associated with traditional PVC, such as heaviness and difficulties walking. In addition, the demand for safety footwear in a hazardous work environment has increased significantly due to a paradigm change in manufacturing facilities that prioritize worker safety over profit maximization, resulting in industrial safety footwear market growth.
Recent Market Developments
The market is valued at USD 11.6 billion in 2023.
The market will hold a 7.4% CAGR by 2033.
The market will expand at 6.8% CAGR during the forecast.
A 7.2% CAGR is projected for the leather segment until 2033.
A CAGR of 11.8% was recorded from 2017 to 2022.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Material 5.1. Leather 5.2. Rubber 5.3. Plastic 5.4. Waterproof 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Application 6.1. Construction 6.2. Manufacturing 6.3. Oil & Gas 6.4. Chemicals 6.5. Transport 6.6. Mining 6.7. Food 6.8. Pharmaceuticals 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product 7.1. Shoes 7.2. Boots 8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. Middle East and Africa 9. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. JAL Group France SAS 16.2. Dunlop Boots 16.3. COFRA S.r.l. 16.4. Honeywell International, Inc 16.5. Hewats Edinburgh 16.6. Rahman Group 16.7. Rock Fall Ltd. 16.8. Uvex Group 16.9. V.F. Corporation 16.10. Wolverine 17. Assumptions & Acronyms Used 18. Research Methodology
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Industrial Safety Footwear Market
