Industrial Protective Footwear Market Forecasts to 2028 – Global Analysis By Type (Leather Footwear, Plastic, Polyurethane (PU) and Polyvinyl Chloride (PVC)), By Product (Shoes and Boots), By Application (Oil and Gas, Healthcare, Construction and Other Ap

Industrial Protective Footwear Market Forecasts to 2028 – Global Analysis By Type (Leather Footwear, Plastic, Polyurethane (PU) and Polyvinyl Chloride (PVC)), By Product (Shoes and Boots), By Application (Oil and Gas, Healthcare, Construction and Other Applications) and Geography

According to Stratistics MRC, the Global Industrial Protective Footwear Market is accounted for $10 billion in 2022 and is expected to reach $17 billion by 2028 growing at a CAGR of 8.8% during the forecast period. Industrial protective footwear is functional footwear that is intended to protect industrial workers from injuries sustained while performing physically demanding tasks like working around moving machinery and electrical contacts. Industrial safety footwear's main features include comfort, safety, innovation, and aesthetic appeal. This type of footwear significantly incorporates cutting-edge features, such as improved slip resistance, increased arch and heel support, and a reduction in foot fatigue, to ensure worker safety and increase working efficiency. Some of the most popular types of materials used to make such footwear include rubber, leather, and plastic. Global sales of industrial protective footwear are significantly increasing as a result of the accessibility of affordable options provided by regional producers.

According to data from the Centers for Disease Control and Prevention, in 2020, 18% of the 1,176,340 non-fatal work injuries were related to falls, slips, and trips, contributing to the popularity of protective equipment across industries.

Market Dynamics:

Driver:

Increasing onshore and offshore drilling operations

Demand for protective footwear to protect people from industrial dangers is anticipated to increase with the expansion of onshore and offshore drilling operations as well as shale gas production in the United States. Throughout the projection period, significant investments in oil and gas production levels and overall production efficiency are anticipated to support the growth of the country's oil and gas industry. It is estimated that the expanding industries in the U.S., such as oil and gas, healthcare, chemicals, and manufacturing, will increase product demand and expand workforce capacities. A recent development in the footwear manufacturing industry is the use of composite materials that are lighter. Moreover, demand for industrial protective footwear is increasing as a result of leading manufacturers creating materials and solutions that combine protection, comfort, and style in a single pair of shoes.

Restraint:

Injuries caused by prolonged wear

Many jobs require workers to spend a significant amount of the day on their feet. Safety boots are sometimes the only type of footwear that some people wear the most. Inadequate footwear can lead to foot ailments and injuries if worn frequently. The wearer may experience both short-term discomfort and long-term health problems as a result of footwear that is too tight, too heavy, rubs, or offers insufficient thermal protection. Such issues are restricting the growth of the market.

Opportunity:

Rise in health concerns and strict regulations

Safety shoes are increasingly being worn in a variety of industries due to rising health and occupational safety concerns in many nations. The demand is rising as concerns about worker safety are being addressed and industrialists concentrate on raising safety standards. Additionally, rapid industrial development has increased worker accidents and the need for stricter regulations, which has increased market demand.

Threat:

Availability of duplicates and low-quality products

Despite the promising business environment, growing worries about the availability of copies could obstruct the steady growth of the industrial protective footwear market. A number of norms and regulatory standards related to the use of high-quality protective equipment have been introduced. For instance, according to the Uvex Safety, footwear is designed to shield the wearer from extreme heat or cold, falling objects, and crushing.

Covid-19 Impact

Due to the strict movement restrictions put in place in response to the COVID-19 pandemic, manufacturing has faced unprecedented challenges. Over 35% of respondents to a National Association of Manufacturers study from March 2020 anticipated supply-chain disruption, which may lead to a decline in the demand for industrial safety footwear. But quick technological advancements and digital transformation have helped businesses expand operations. Furthermore, a recovery in industry size is anticipated over the next few years due to the gradual easing of COVID-19 restrictions.

The Boots segment is expected to be the largest during the forecast period

Due to their ability to protect the toes from pressure or heavy objects, the boots segment is anticipated to hold the largest market share in the global industrial protective footwear market. The cushioning and arch support in industrial safety boots are adequate. Workers feel less fatigued as a result of the relief from muscle strain. The prevention of lower back pain brought on by muscle strain can also be aided by wearing the proper work boots. Because of these factors, workers are more productive, which has increased consumer interest in protective footwear.

The Polyurethane (PU) segment is expected to have the highest CAGR during the forecast period

The Polyurethane (PU) segment is expected to witness highest CAGR during the projection period. The preference for cutting-edge, high-quality polyurethane material in the manufacture of safety shoes is the primary driver of this growth. Polyurethane is a lightweight, high-temperature resistant material for industrial safety footwear. In addition, their general popularity is boosted by the fact that they are slip-resistant and shield users from the impact of heavy loads. Such aspects are propelling the market growth.

Region with largest share:

Due to an increase in injuries and the demand for highly effective, wear-and-tear-resistant, and multipurpose protective gear, the manufacturing and oil and gas industries in the Europe region are expected to register the largest share during the forecast period. It is estimated that Germany's demographic and population trends will increase demand for residential construction. Moreover, the expansion of the construction industry is fueled by the aforementioned factors, which will accelerate the growth of the industrial safety footwear market in the region.

Region with highest CAGR:

Over the course of the forecast period, it is anticipated that the Asia-Pacific region is estimated to witness the highest CAGR. This is due to the introduction of regulations requiring the use of safety shoes in the workplace along with occupational safety standards, which have been a major driver of growth in this region. And, rising adoption of health and safety procedures to lower workplace fatalities is anticipated to spur product demand for protective footwear. The market expansion in the region is supported by the construction industry's significant growth in developing nations like China and India.

Key players in the market

Some of the key players profiled in the Industrial Protective Footwear Market include JAL Group, COFRA S.r.l , Xena Workwear, Hewats Edinburgh, Honeywell International Inc, RAHMAN Group, Rock Fall Ltd, Blundstone, Uvex Group, Elten GmbH, Bata Corporation, VF Corporation, Simon Corporation, Dunlop Protective Footwear and Wolverine World Wide Inc.

Key Developments:

In October 2022, Xena Workwear announced the launch of the Valence SD shoe. The Valence SD shoe is a Chelsea boot that was dissipative in nature and came with elastic side panels on both sides. One variant was made from LWG Certified leather in a chestnut shade, and the second material that was used for Valence SD shoes was vegan leather in the onyx shade.

In August 2022, Indian-based Mallcom India, an integrated manufacturer of head-to-toe personal protection equipment, entered a new segment with the introduction of aesthetically designed safety shoes- FREDDIE. Mallcom India’s FREDDIE shoe range is aimed at protecting workers from all hazardous work environments.

In August 2022, Blundstone, a leading safety footwear brand, launched RotoFlex, a new series of safety boots featuring BASF’s Infinergy Expanded Thermoplastic Polyurethane (E-TPU). Infinergy rebounded 55% of energy with each step and was lighter weight than conventional materials, which helped safety footwear wearers fight fatigue. Soft and elastic Infinergy provided optimal and continuous cushioning and shock absorption.

Types Covered:
• Leather Footwear
• Plastic
• Polyurethane (PU)
• Polyvinyl Chloride (PVC)

Products Covered:
• Shoes
• Boots

Applications Covered:
• Oil and Gas
• Healthcare
• Construction
• Manufacturing
• Mining
• Chemical
• Pharmaceuticals
• Transportation
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements