Safety Footwear Market Size, Share, Growth, And Industry Analysis, By Type (Puncture Resistant Shoes, Slip Resistant Shoes, Antistatic Protection Shoes, Water Resistant Shoes, Heat Resistant Shoes, Other), By Application (Construction, Manufacturing, Oil & Gas, Chemicals, Mining, Agriculture, Food, Other), Regional Forecast To 2032

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Safety Footwear Market Report Overview

Global Safety Footwear Market size was USD 10.04 Billion in 2023 and market is projected to touch 15.1 Billion by 2032, exhibiting a CAGR of 4.6% during the forecast period.

Safety shoes are protective footwear that prevents the feet from sliding on hard terrain, heated or rough surfaces. They also keep insects and animals away from the feet. Leather, rubber soles, and wood are some of the materials used to make protective footwear.

Steel toe safety shoes are a type of personal protection equipment (PPE) for industrial foot protection. It protects the feet from accidents caused by slippery surfaces, large rolling or falling objects, hard piercing corners, pinch points, rotating machinery's rollers/shaft, and other hazards by employing a slip-resistant surface plus non-skid markings to assure stable footing.

COVID-19 Impact: Interruption in Supply Chains to Deplete Market Growth

Because of the introduction of strict movement limits, the COVID-19 outbreak has produced significant hurdles across various industrial sectors, including manufacturing. Based on a study held in March 2020 more than 35% projected supply chain disruption, resulting in a decrease in need for the footwear. However, rapid digital revolution and technological advancements have aided organizations in expanding their operations. Furthermore, with the gradual relaxation of COVID-19 regulations, the industrial size is expected to recover during the next four years.

Latest Trends

"Inclusion of Steel Plates to Intensify Market Magnification "

There are multiple types of steel plate available for the footwear. These safety footwears contain a steel plate underneath the sole that prevents nails from getting pierced by sharp items on the ground when walking through them.  This type of steel plate has resistance properties that surpasses 1 million rounds and offers great protection against nail and other sharp object penetration. They also provide good protection against electrical shocks and heat. Hence, the footwear due to its steel plate has gained recognition. The inclusion of the steel plate will benefit the safety footwear market growth during the forecasted timeframe.

Safety Footwear Market Segmentation

• By Type Analysis

According to type, the market can be segmented into puncture resistant shoes, slip resistant shoes, antistatic protection shoes, water resistant shoes, heat resistant shoes, other

Puncture resistant shoes are the leading part of the type segment

• By Application Analysis

According to application, the market can be segmented into construction, manufacturingoil & gas, chemicals, mining, agriculture, food, other

Construction is the leading part of the application segment

Driving Factors

"Anti-Puncture Function to Boost Market Share "

Steel toe safety shoes provide a vital anti-puncture function that prevents nails from being penetrated. This is due to the fact that safety shoes are utilized for more than only protection; therefore, these functions must be included in the shoes. The anti-puncture functionality of safety shoes is provided by a protective barrier in the shoe's sole. The sole has two layers: a shock-absorbing layer and a puncture-resistant layer. The puncture resistance barrier keeps nails and other sharp items from piercing the sole of the shoe, allowing consumers to walk on any surface with confidence. Therefore, the anti-puncture function will boost he safety footwear market share.

"Petroleum and Gas Industry to Expand Market Forwarding"

There are almost limitless hazards in the petroleum and gas industry. According to the Bureau of Labor Statistics, quarrying, extraction, and oil and gas extraction account for a significant share of fatal injuries worldwide, accounting for over 130 deaths in 2018. These factors are projected to raise awareness about the advantages of safety footwear among industrial employees, creating attractive chances for the safety footwear market share to expand in the coming years.

Restraining Factors

"Presence of Replicas to Deplete Market Advancement"

Despite the favorable business environment, rising concerns about the availability of replicas may impede the study expansion of the safety footwear market. Several regulatory criteria and rules concerning the usage of high-quality protective equipment have already been established. For example, Uvex Safety footwear is created to safeguard the wearer from extreme heat and cold, falling objects, and crushing. However, the creation of low-quality goods may have a detrimental impact on industry size during the predicted period.

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Safety Footwear Market Regional Insights

"Mandatory Rules to Foster Market Growth in Asia Pacific"

Over the projection period, the Asia Pacific region is predicted to emerge as a market leader. The advent of rules mandating the use of safety shoes mostly in workplace, in addition to, occupational safety requirements, is driving growth in this region. Increased adoption of safety and health measures to decrease workplace deaths is predicted to increase the need for safety footwear over the forecast timeframe. Construction sector growth in developing economies including India and China is fueling market growth in the area.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

LIST OF TOP SAFETY FOOTWEAR COMPANIES

• Jallatte S.A.S (France)
• Dunlop Boots (U.S.)
• COFRA (Switzerland)
• Modyf GmbH & Co. KG (Germany)
• KEEN Footwear (U.S.)
• Rahman Group (india)
• Rock Fall (U.K.)
• CLUTE S.A (U.S.)
• V.F. (U.S.)
• WOLVERINE (U.S.)
• Bova Safety Footwear (South Africa)
• Gabri Safety Shoes (India)
• Simon (U.S.)
• Anbu Safety Industrial (China)
• CANIS SAFETY (Europe)
• BORDER PPE TRADING LLC (Dubai)
• SOYUZSPECODEZHDA LTD (Russia)
• Walker Footwear Industries (India)
• Bata Industrials (Switzerland)

Report Coverage

The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on the market. The study describes the market share features, and market growth by type, industry, and customer sector.

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.