Industrial Protective Footwear Market Size, Share & Trends Analysis Report By Product (Leather), By Application (Construction), By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global industrial protective footwear market size was valued at USD 9.47 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2022 to 2030. The growth is expected to be driven by increased awareness of strict rules and mandated higher levels of worker and workplace safety across companies. Rising concerns and awareness about workplace safety are anticipated to drive future expansion. The COVID-19 pandemic boosted the expansion of the protective footwear industry by preventing the virus from spreading by droplets from sneezing and coughing. Throughout the forecast period, the expanding workforce, new factories, and new manufacturing plants are expected to increase the demand for the market.

Increasing onshore and offshore drilling operations, as well as expanding shale gas production in U.S., are expected to boost demand for protective footwear to safeguard people from industrial dangers. Large-scale investments in oil and gas production levels and overall production efficiency are expected to contribute to the expansion of the oil and gas sector in U.S. throughout the projection period.

The growing industries in the U.S., including oil & gas, healthcare, chemicals, and manufacturing, are anticipated to augment product demand to boost workforce capacities. Stringent norms laid by the Occupational Safety and Health Administration (OSHA) are enforcing employers in the region to adopt protective footwear to ensure their employee’s safety.

Strict mining safety laws and increased employee awareness of personal safety in the majority of industries are projected to fuel regional product demand throughout the forecast period. Furthermore, regulatory authorities such as OSHA, the National Institute for Occupational Safety and Health (NIOSH), and the Environmental Protection Agency (EPA) have issued guidelines for monitoring activities related to asbestos exposure, driving demand for safety footwear in the region.

The use of lighter composite materials in the manufacture of shoes is a new industry trend. Leading manufacturers are developing materials and solutions that combine protection, comfort, and style in a single pair of shoes. These changes in the sector are meant to convince both men and women to wear appropriate shoes at work.

Product Insights

The leather protective footwear segment led the industry and accounted for 35.6% of the global revenue share in 2021. The demand for leather protective footwear products is predicted to increase due to the appealing appearance of leather boots, the flexibility of leather material, and the quality that leather shoes offer.

The demand for rubber product segment is expected to witness a CAGR of 7.4% over the forecast period. Rubber protective footwear is in high demand due to factors such as reducing the danger of falls with specific slip-resistant soles, decreasing tiredness, and protecting against burns.

The demand for PVC product segment is expected to witness a CAGR of 7.1% over the forecast period. Technological innovation and changing consumer needs for protective equipment that combines protection with fashion and attractiveness are estimated to augment market growth.

The demand for polyurethane product segment is expected to witness a CAGR of 6.1% over the forecast period. Polyurethane offers various benefits such as low density & weight, offers high wear resistance, flexible, high mouldability, thereby driving up the demand over the forecast period.

Application Insights

The manufacturing segment dominated the market and accounted for 27.0% of the global revenue share in 2021. The manufacturing industry is predicted to drive the protective footwear market, as the manufacturing industry's growing workforce is likely to boost product demand in order to protect employees and reduce overhead expenditures such as compensations.

Industrial protective footwear gives protection to workers who are exposed to dangers such as falls, machine hazards, and spillage of chemicals and oil & gas products. In addition, over the forecast period, the rising prominence of natural gas and a major shale oil find are likely to propel the demand for industrial protective footwear.

The chemical application segment of protective footwear accounted for 11.7% of the global revenue share in 2021. The chemical industry is expected to boost the protective footwear market since it protects workers from accidents and burns. In addition, the market is predicted to rise due to rising chemical demand from emerging economies.

The mining application segment of protective footwear accounted for 8.7% of the global revenue share in 2021. The mining industry is expected to drive the protective footwear market, since mining is associated with a variety of risks, including chemical contact with the skin and inhalation of toxic gases, both of which can cause illnesses and put an employee’s life at risk.

Regional Insights

The Europe dominated the market and accounted for 33.1% of the global revenue share in 2021. The European manufacturing and oil and gas sectors fueled the expansion of the protective footwear market, due to rising injuries and a need for highly effective wear & tear resistant and high-utility protective equipment. The growing population and demographic trends in Germany are predicted to stimulate demand for residential construction. As a result, the aforementioned factors are projected to fuel the expansion of the construction sector, boosting the industrial safety footwear market growth.

North America market accounted for 28.9% of the global revenue share in 2021. Growing industries including healthcare, oil & gas, chemicals, and manufacturing are expected to increase product demand and increase labor capacity. The presence of stringent regulations in the region such as OSHA, ANSI, and the CSA Group, employers in the region are compelled to utilize safety footwear to safeguard the safety of their employees. Noncompliance with these restrictions is punishable by steep fines, which are expected to boost product demand in the region.

The Middle East’s expanding oil and gas industry is likely to increase protective footwear demand throughout the projection period. Rising concerns about occupational accidents and diseases, along with stringent rules, are expected to drive up demand for industrial protective footwear in a variety of industries, including agriculture, construction, fire services, and healthcare.

The Asia Pacific is the fastest growing and it is projected to witness growth at a CAGR of 7.9% from 2021 to 2030. A rising number of industrial fatalities in the Asia Pacific region due to a lack of proper protective gear and a lack of employee safety awareness is expected to drive market expansion. Furthermore, technological advancements and shifting customer preferences for protective footwear that combines safety and fashion are projected to boost the market growth.

Key Companies & Market Share Insights

The manufacturers use a variety of tactics, such as acquisitions, mergers, joint ventures, new product developments, and geographic expansions, to increase market penetration and meet the shifting technological demands from numerous applications industries such as construction, manufacturing, mining, food, pharmaceuticals, and others.

Protective footwear manufacturers have been compelled to expand online markets for services and spare part availability as a result of the Covid-19 pandemic. For instance, Dunlop announced in September 2019 that it would be working with Upstart Group USA to sell its protective footwear on Amazon.com. By taking this initiative, Dunlop will broaden its e-commerce distribution network and increase customer knowledge of its brand. Some of the prominent players in the global industrial protective footwear market include:

• JAL Group

• COFRA S.r.l

•  Dunlop Boots

• Hewats Edinburgh

• Honeywell International Inc

• RAHMAN Group

• Rock Fall (UK) Ltd

• Uvex Group

• VF Corporation

• Wolverine

Industrial Protective Footwear Market Report Scope

Global Industrial Protective Footwear Market Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the Industrial Protective Footwear market on the basis of product, application and region:

• Product Outlook (Revenue, USD Million; 2017 - 2030)

  • Leather

  • Rubber

  • PVC

  • Polyurethane

  • Others

• Application Outlook (Revenue, USD Million; 2017 - 2030)

  • Construction

  • Manufacturing

  • Oil & Gas

  • Chemicals

  • Food

  • Pharmaceuticals

  • Healthcare

  • Transportation

  • Mining

  • Others

• Regional Outlook (Revenue, USD Million; 2017 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • France

    • Germany

    • Italy

    • Russia

    • Spain

    • UK

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Indonesia

    • Australia

    • Thailand

    • Malaysia

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • UAE

    • South Africa