“Industrial Protective Footwear
Market: Global Demand Analysis & Opportunity Outlook 2021”
The
global industrial protective footwear market is segmented into raw material such as leather, plastic and rubber. Among these
segments, leather segment accounted for the largest segment in overall industrial
protective footwear market and is projected to seize a remarkable CAGR by the
end of 2021. Likely, global
demand is increasing for protective footwear as every nation is looking forward
to increasing the export value based on manufacturing and mining activities. In
addition to that, spiked demand of chemicals used for industrial purpose is on
a continuous rise and having a safety in such working conditions, the demand
for protective clothes and shoes is a pre-requisite.
Global industrial protective footwear market is anticipated to post a noteworthy
CAGR of 6.2 % during the forecast period i.e. 2015-2021. Moreover, the global Industrial Protective Footwear Market is projected
to account exponential sales of USD 9.8 Billion by the end of 2021. Additionally, the market is riding on the back of spiked growth in
construction and oil & gas industry. Moreover, strict rules concerning
workers safety and protection and rising concerns towards workplace safety all over the globe.
The
construction segment by application captured the biggest market of global
industrial protective footwear. In terms of regional platform, North America
and Europe region are the prominent regional markets of industrial protective footwear.
Moreover, rising construction activity and safety guidelines during work hours
would escalate the demand for industrial protective footwear in these regions.
Apart from this, Asia-Pacific region is believed to be the most lucrative
market of industrial protective footwear owing to emerging economies such as
India and China. Asia-Pacific construction market is expanding at a higher pace
when compared to North America and Europe. Countries like China, India, South
Korea are boosting the demand for employment in construction sector.
Spiked Construction Activity
U.S.
Bureau of Labor Statistics reported employers added 2.8 million jobs from
September 2014 to September 2015, with 1.8 million created in the first nine months
of 2015. This factor is envisioned to foster the growth of
industrial
protective footwear market.
Rapid
Urbanization
Rising
development of smart infrastructure in developing and developed nations such as
U.S., China, Japan, India and others is the key factor behind the positive
growth of industrial protective footwear market. Furthermore, expansion in
manufacturing capabilities would further increase the demand of safety
equipment including protective footwear. On the contrary, presence of un-organized
manufacturers and lack of government standards are believed to hamper the
growth of industrial protective footwear market across the globe.
The report titled “Industrial
Protective Footwear Market: Global Demand Analysis & Opportunity Outlook
2021” delivers detailed overview
of the global industrial protective footwear
market in terms of market segmentation by raw material, by type, by application
and by region. Further, for the in-depth
analysis, the report encompasses the industry growth drivers, restraints,
supply and demand risk, market attractiveness, BPS analysis and Porter’s five
force model.
This report also provides the
existing competitive scenario of some of the key players of the global industrial protective footwear market
which includes company profiling of Dunlop
Boots, Honeywell Safety Products, Uvex Safety Group, Rock Fall, Wolverine, Anbu
Safety, Rahman Group, Oftenrich
Holdings Co. Ltd., VF Corporation. The profiling enfolds key
information of the companies which encompasses business overview, products and
services, key financials and recent news and developments. On the whole, the
report depicts detailed overview of the global industrial protective footwear market that will help industry
consultants, equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Contact for more Info:
Name:-
Ajay Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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