Industrial Protective Footwear Market - Industry Shares, Market Strategies And Key Players

The implementation of stringent regulations for workplace safety, growing concerns among organizations regarding the benefits of safety gears, and development of global manufacturing industry are few of the factors providing momentum to the global market for industrial protective footwear. Industrial protective footwear improves the safety of workplace. Several industries such as mining, food, manufacturing, pharmaceuticals, transportation, construction, oil and gas, and chemicals are employing advanced protective footwear at their workplaces.

On the basis of product type, the overall market for industry protective footwear can be bifurcated into waterproof footwear, leather footwear, rubber footwear, and plastic footwear. Of these, the leather footwear segment dominated the global market and contributed over US$1.8 bn to the overall market in 2013. Nonetheless, the plastic footwear segment is envisioned to showcase the fastest growth among the product segments in the upcoming years. The segment is projected to expand with and impressive CAGR of 7.80% over the forecast period. 

Region-wise, the global market for industrial protective footwear can be classified into North America, Europe, Asia Pacific, and Rest of the World. In 2013, Europe held the leading share in the global industrial protective footwear market due to developed industrial sector. Furthermore, the Europe industrial footwear market is expected to grow over the forthcoming years due to the presence of several shoe manufacturing firms in countries such as the U.K., Spain, Italy, France, and Germany. 

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