Industrial Protective Footwear market

revenue will reach 7.01 billion by 2024,

says Esticast Research and Consulting
 Industrial Protective Footwear Market was valued at $3.93
billion in 2016, and is projected to reach $7.01 billion by
2024, growing at a CAGR of 7.6% from 2017 to 2024. In
2016, the leather type protective footwear market
generated the highest revenue share in the global industrial
protective footwear. Among major regions, the North
American market was the highest revenue generating
market which was valued at $1.206 billion in 2016.

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Leather based industrial protective footwear segment lead the
market in 2016 and growing with a CAGR of 7.1% during the
forecast period

Although the global industrial protective footwear market was led by the
leather type footwear segment generating a revenue of $3.45 billion, the
highest growth is witnessed by the Plastic based protective footwear with a
CAGR of 9.6% during the forecast period. This is because of the high
resistance against low temperature, crack, UV radiation, and waterproof
nature of plastic composites. Leather is less heat resistant and wears & tear
resistant as compared to plastic based materials, which are much durable
and flexible.

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By application, Construction industry protective
footwear market, hold more than 35% market of the
global industrial protective footwear market and
growing with a CAGR of 6.4% throughout the
forecast period

The global construction industry is rapidly growing with the

increasing requirement of buildings and structures. For the
smooth running, construction industry requires equipment to
prevent possible hazards associated with workplaces such as
falling objects and moving machines. Usage of protective shoes
reduces serious impact from falling objects and cut by sharp
objects.

Increasing population, businesses and
power requirements have led to the rapid
growth of construction, automobile and
manufacturing industries. For the sake of
health and safety concerns of workers,
stringent safety standards have been set by
the authorities, giving a hike to the growth
of industrial protective footwear market.
Highly populated and emerging countries
like China and India will witness a
tremendous growth in terms of protective
footwear market.

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 North American region lead the global industrial protective
footwear market generating a revenue of $1.31 in 2016

North America consists some of the most developed and

advanced countries in the world. Countries such as US and
Canada are rapidly investing in the construction sector due to
concentration of business activities and increasing population in
the region. According to US census bureau, total dollar value of
construction work done in the U.S is approx. $1.205 Trillion.
However, Europe is expected to witness the highest CAGR of 9%
during the forecast period. This is because of the stringent
health and occupational safety mandates in countries such as
the UK and Germany.

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GLOBAL INDUSTRIAL PROTECTIVE FOOTWEAR MARKET
REVENUE, BY APPLICATION, 2016

The construction industry

footwear market garnered
$1.426 billion in 2016.
However, the Oil and Gas
industry footwear market is
supposed to witness the
highest CAGR of 8.7%
throughout the forecast
period as a result of the steep
growth of E&P industries,
influenced by the increasing
energy demand.
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 Industrial Protective Footwear Market Key Insights

North America leads the protective footwear market in

2016, generating a revenue of $1.13 in 2016.
Construction industry protective footwear segment leads
the market, generating a revenue of $1.426 billion in 2016
having a CAGR of 6.4% during the forecast period.
Leather based industrial protective footwear segment lead
the market, generating a revenue of $3.45 billion in 2016
and growing with a CAGR of 7.1% during the forecast
period.
Plastic based protective footwear market will witness the
highest CAGR of 9.6% throughout the forecast period.

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 Key Vendor Profiles

COFRA Holding AG
Saina Corporation Co. Ltd.
Jal Group
UVEX Safety Group
Oftenrich Holdings Co. Ltd.
Honeywell Safety Products

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 Market By Geography

North America Europe

Asia-Pacific

Africa

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