During the forecast period, the market for industrial safety footwear is anticipated to grow at a consistent CAGR of 7.4%. The market is expected to reach a value of US$ 23.6 billion by 2033, up from its current share of US$ 11.6 billion in 2023.
The industrial safety footwear market will grow as a result of rapid industrialization, expanding end-user industries like construction, mining, food, pharmaceuticals, and oil & gas, as well as increased government initiatives to increase worker safety.
Additionally, the safety equipment gadget will be improved over the projected period thanks to great training programmes combined with new strict safety standards.
As technology advances and the improvement of existing safety rules and standards, the worldwide industrial safety footwear market is booming. BSI, ILO, and OSHA are just a few of the national agencies following a set of safety recommendations.
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According to the agencies, employers must offer certified safety gear to their employees during working hours.
Moreover, due to the COVID-19 pandemic, throughout the lockdown time, customers delayed or postponed spending on non-essential products and services, such as footwear, apparel, and home appliances, resulting in a decrease in demand for footwear.
In addition, temporary shutdowns of manufacturing units and the closure of manufacturing industries also affected demand for industrial safety footwear.
However, after gaining a better grasp of the problem, the government has enacted several regulations to prevent duplication and maintain product quality. As a result, safety products must pass a rigorous quality check without jeopardizing the safety criteria.
For example, the American National Standards Institute (ANSI) develops and oversees industry safety footwear standards, assisting in removing the aforementioned impediment.
There is a slight chance that low-quality products will be prevalent, which will indirectly increase workplace dangers due to poor product quality.
Key Takeaways:
- With a market size of over USD 8.50 billion and a CAGR of over 6.5% over the forecast period, the leather industrial safety footwear market is expected to hold the largest share in 2020.
- In 2027, the construction industry’s industrial safety footwear market is estimated to exceed USD 4.95 billion.
- By 2027, the North American market is estimated to reach USD 5.40 billion, with a CAGR of over 6% during the forecast period. In North America, manufacturing is the fastest expanding application segment for industrial safety footwear.
- Over the forecast period, the rising adoption of health and safety standards to prevent workplace fatalities is predicted to boost the demand for safety footwear.
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Competitive Landscape:
Manufacturers are investing in innovative technology and product development to capitalize on the increased demand for industrial safety footwear in the coming years.
Honeywell International, Inc, JAL Group France SAS, COFRA S.r.l, Rock Fall Ltd, Uvex Group, Anbu Safety Industrial Co., Ltd, Hillson Footwear Pvt. Ltd, Bata Industrials, and Williamson-Dickie Manufacturing Co. are all significant players in the industrial safety footwear market.
- At a safety show in Dubai in February 2020, Rock Fall Ltd introduced new safety footwear designs from its firefighting, electrical hazard, and extreme heat protection boots. This release has the world’s first arc-rated electrical hazard boot. As a result, the company’s launch supports them in improving their portfolio and raising more revenue in the following years.
- Major market competitors are working on lightweight composites to reduce the pain associated with typical PVC, such as heaviness and difficulties walking. In addition, expansion is one of the most common tactics businesses use to expand their global reach.
Prominent Contributors of the Industrial Safety footwear Market
- Honeywell International, Inc
- JAL Group France SAS
- COFRA S.r.l
- Rock Fall Ltd
- Uvex Group
- Anbu Safety Industrial Co., Ltd
- Hillson Footwear Pvt. Ltd
- Bata Industrials
- Williamson-Dickie Manufacturing Co.
Key Segments
By Material:
- Leather
- Rubber
- Plastic
- Waterproof
By Application:
- Construction
- Manufacturing
- Oil & Gas
- Chemicals
- Transport
- Mining
- Food
- Pharmaceuticals
By Product:
- Shoes
- Boots
By Region:
- North America
- Latin America
- Europe
- Asia Pacific (APAC)
- The Middle East & Africa (MEA)
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