Industrial Protective Footwear Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Industrial Safety Footwear Market Size and Trends. The Market is Segmented by Material (Leather, Rubber, and Plastic); End User (Construction, Manufacturing, Mining, Oil and Gas, Chemical, Pharmaceutical, Transportation, and Other End Users); and Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa). The Report Offers Market Size and Values in (USD) During the Forecasted Years for the Above Segments.

Industrial Protective Footwear Market Size

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Industrial Protective Footwear Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.96 %
Fastest Growing Market Asia
Largest Market Europe
Market Concentration Low

Major Players

Industrial Protective Footwear Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Industrial Protective Footwear Market Analysis

The industrial protective footwear market is valued at USD 9.07 billion for the current year and is projected to register a CAGR of 4.96% over the forecast period.

  • The global industrial protective footwear industry is projected to grow significantly shortly due to increased awareness regarding employee safety in industrial facilities. Manufacturers are focused on the type of material used in making industrial footwear as end-users are keen on the material's efficiency. Thus, players are focused on offering products with multi-functional benefits and standard quality as per government regulations.
  • For instance, in October 2022, Xena Workwear launched the Valence SD shoe that was claimed to be dissipative and came with elastic side panels on both sides. One variant was asserted to be made from LWG Certified leather in a chestnut shade, and the second material used for Valence SD shoes was vegan leather in the onyx shade.
  • Asia-Pacific holds a significant share of the market. The growth in this region is mainly driven by the introduction of regulations that mandate the usage of safety shoes in the work environment and occupational safety standards. Similarly, Europe is the fastest-growing market in various industries like construction, manufacturing, and pharmaceutical. For instance, according to the Office for National Statistics (UK), in the 2nd quarter of 2022, 2,206 thousand employees were working in the construction industry in the United Kingdom, which increased from 2,113 thousand employees to the previous year's 2nd quarter.
  • The market is fragmented, with players offering various industrial footwear products. Product launches and expansions were a few of the competitive strategies adopted by the players in the market. Major players in the market include VF Corporation, Wolverine World Wide, and Honeywell International, among others.

Industrial Protective Footwear Market Trends

Strict Government Regulations Regarding Workers' Safety

  • Governments of various countries worldwide are focusing on their workers' safety. They are outfitting employees with appropriate footwear to reduce injuries. Protecting employees with standard industrial footwear cuts lost work hours and improves productivity. For instance, in the United States, federal regulations adopted and enforced by the Occupational Safety & Health Administration (OSHA) protective footwear are mandatory for industrial workers. OSHA has various rules and regulations regarding workplace safety, including section 29 CFR 1910.136 on occupational foot protection.
  • Moreover, safety, innovation, comfort, and aesthetic value are the chief attributes of industrial safety footwear. Over the years, shoe producers worldwide have focused on incorporating these attributes in their products to provide workers with a safe workplace and comfort. Also, the average cost per work injury for fracture or dislocation will be approximately USD 60,934 in 2023 in the United States, as per National Safety Council (NSC) reports.
Industrial Protective Footwear Market: Occupational Injuries and Illnesses Industry Data in United States, 2018-2021

Asia-Pacific Holds the Singificant Share

  • The growth in this region is mainly driven by the introduction of regulations that mandate the usage of safety shoes in the work environment along with occupational safety standards. High expenditure on infrastructure growth and rising product demand from the growing construction sector are expected to boost the industrial protective footwear market. The significant expansion of the construction industry in developing economies such as India and China supports market growth. 
  • The regulatory authorities in China are implementing standards to prioritize workforce security, further leading to the increased demand for safety footwear across industries to provide organizational safety to the workforce. India is one of the fastest-growing markets in the Asia-Pacific (APAC) region. Increased awareness regarding the protection of workers in the industrial sector, followed by rapid industrialization, fuelled the growth of the industrial protective footwear market in India. 
  • The manufacturing industry has led the Japanese economy and is responsible for 90% of Japan's exports. Growing adaptation of health and safety practices to reduce workplace fatalities is expected to surge the product demand for protective footwear over the forecast period.
Industrial Protective Footwear Market - Market Size (%), by Region, Global, 2022

Industrial Protective Footwear Industry Overview

The industrial safety footwear market is fragmented in nature due to the presence of a large number of players in the market. Honeywell International Inc., Wolverine World Wide Inc., VF Corporation, Bata Corporation, and Dunlop Protective Footwear are prominent players with a strong geographical presence and diversified product offerings.

Expansion is one of the significant strategies companies adopt to strengthen their footprints worldwide. Manufacturers mainly focus on new technology and innovations to exploit the growing demand. For instance, in April 2022, HYTEST Safety Footwear introduced a unique style - the Apex 2 Pike Waterproof Nano Toe Collection. These boots are puncture resistant and available in 6', 8', and a shoe.

Industrial Protective Footwear Market Leaders

  1. Honeywell International Inc.

  2. Wolverine World Wide Inc.

  3. VF Corporation

  4. Bata Corporation

  5. Dunlop Protective Footwear

*Disclaimer: Major Players sorted in no particular order

Industrial Protective Footwear Market Concentration
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Industrial Protective Footwear Market News

  • September 2023: Cat Footwear introduced the Invader Mid Vent, showcasing a range of innovative features. The Invader Mid Vent is equipped with a ReViveTech Engineered Comfort footbed, a 100% Post Industrial Recycled Lining featuring an NXT footbed cover, a durable EVA midsole, a robust nylon shank, a composite toe for added protection, and a rugged industrial-grade rubber outsole.
  • October 2022: Xena Workwear unveiled the Valence SD shoe, a Chelsea boot designed for dissipative purposes. This shoe comes with elastic side panels on both sides for ease of wear. It is available in two variants: one crafted from LWG Certified leather in a rich chestnut shade, and the other using vegan leather in a stylish onyx hue.
  • August 2022: Mallcom India, a leading integrated manufacturer of head-to-toe personal protection equipment based in India, expanded its product range by introducing aesthetically designed safety shoes under the brand name FREDDIE. Mallcom India's FREDDIE shoe collection is dedicated to safeguarding workers in various hazardous work environments.

Industrial Protective Footwear Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

      1. 4.1.1 Stringent Government Regulations Regarding Worker's Safety

      2. 4.1.2 Importance Of Occupational Safety

    2. 4.2 Market Restraints

      1. 4.2.1 Impact of Counterfeit Products Coupled With Large Unorganized Labor Population Across Various Industries

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Material

      1. 5.1.1 Leather

      2. 5.1.2 Rubber

      3. 5.1.3 Plastic

      4. 5.1.4 Other Materials

    2. 5.2 End-User

      1. 5.2.1 Construction

      2. 5.2.2 Manufacturing

      3. 5.2.3 Mining

      4. 5.2.4 Oil and Gas

      5. 5.2.5 Chemical

      6. 5.2.6 Pharmaceutical

      7. 5.2.7 Transportation

      8. 5.2.8 Other End Users

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Spain

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Honeywell International Inc.

      2. 6.3.2 Wolverine World Wide Inc.

      3. 6.3.3 VF Corporation

      4. 6.3.4 Bata Corporation

      5. 6.3.5 Dunlop Protective Footwear

      6. 6.3.6 Rock Fall (UK) LTD

      7. 6.3.7 Hilson Footwear Pvt. Ltd

      8. 6.3.8 U-power Group Spa

      9. 6.3.9 Cofra SRL

      10. 6.3.10 Uvex Group

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Industrial Protective Footwear Industry Segmentation

Industrial footwear is specifically designed to safeguard workers from physical harm and injuries at the workplace. 

The global industrial protective footwear market is segmented by material, end user, and geography. Based on material, the market is segmented into leather, rubber, and plastic. By end user, the market is segmented into construction, manufacturing, mining, oil and gas, chemical, pharmaceutical, transportation, and other end users. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. 

The report offers market size and values in (USD) during the forecasted years for the above segments.

Material
Leather
Rubber
Plastic
Other Materials
End-User
Construction
Manufacturing
Mining
Oil and Gas
Chemical
Pharmaceutical
Transportation
Other End Users
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Italy
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
Saudi Arabia
Rest of Middle East and Africa
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Industrial Protective Footwear Market Research FAQs

The Industrial Protective Footwear Market is projected to register a CAGR of 4.96% during the forecast period (2024-2029)

Honeywell International Inc., Wolverine World Wide Inc., VF Corporation, Bata Corporation and Dunlop Protective Footwear are the major companies operating in the Industrial Protective Footwear Market.

Asia is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Europe accounts for the largest market share in Industrial Protective Footwear Market.

The report covers the Industrial Protective Footwear Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Industrial Protective Footwear Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Industrial Protective Footwear Industry Report

Statistics for the 2024 Industrial Protective Footwear market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Industrial Protective Footwear analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Industrial Protective Footwear Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)