Industrial Protective Footwear Market is Expected to Reach USD 4,330 Million Globally by 2019: Transparency Market Research

According to a new market report published by Transparency Market Research (www.transparencymarketresearch.com) “Global Industrial Protective Footwear Market – Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 – 2019”, the global industrial protective footwear market was worth USD 2,370 million in 2012 and is expected to reach USD 4,330 billion in 2019, growing at a CAGR of 8.5% from 2013 to 2019. Due to strict government regulations for worker safety, Europe held the largest market share in 2012 followed by North America.

The market includes safety footwear used to improve the worker safety across different industries such as chemicals, oil and gas, construction, transportation, pharmaceuticals, manufacturing, food and mining among others. End users in this market purchase different safety boots depending on the requirement and the needs of a specific industry.

Among different end-use industries, construction is the largest followed by manufacturing in 2012, and is expected to maintain its position throughout the estimated period. The demand from construction sector is mainly supported by large number of construction activities in emerging regions such as Asia Pacific and Rest of the World (RoW). In manufacturing sector, growing awareness for worker safety has increased the demand for personal protective equipments. However, Oil & gas represents the fastest growing segment which is primarily supported by the market in the Middle East.

Geographically, Europe held the largest share in the industrial protective footwear market in 2012. The demand for safety footwear in Europe is primarily driven by the enforcement of strict regulations for the mandatory use of safety shoes in work environment. North America followed Europe in terms of geographical market share. The growth in the region is attributed to the high rate of wear and tear, growth of niche markets and increasing demand for women’s safety footwears. The market in this region is mainly supported by construction and manufacturing sector. Additionally, strict regulations related to the use of Personal Protective Equipments (PPE) are also supporting the growth of safety footwear.

Jal Group, Rahman Group, Oftenrich Holdings Co. Ltd. (Golden Chang), Honeywell Safety Products, Saina Corporation Co. Ltd., VF Corporation, UVEX Safety Group, Rock Fall Ltd., ELTEN GmbH and COFRA Holding AG among others are some of the key players in the industrial protective footwear market where, Jal Group dominated the market in 2012.

The industrial protective footwear market has been segmented as follows for better understanding and to formulate winning strategies for the market players