According to a new
market report published by Transparency Market Research “IndustrialProtective Footwear Market - Global Industry Analysis, Size, Share,Growth, Trends and Forecast, 2014 - 2020,” the market was valued at
USD 6,317.7 million in 2013, which is expected to reach USD 9,460.6
million by 2020, growing at a CAGR of 6.0% from 2014 to 2020.
The demand for
safety shoes is expected to shift from mature regions such as North
America and Europe to emerging markets in Asia Pacific and RoW
supported by China, India, Japan, South Africa and the Middle East
among others. This is due to the increasing regulatory actions in
these regions with increasing support from International Labour
Organization (ILO).
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Industrial Protective Footwear Market Report @ :
Occupational safety
and health legislation in many countries mandate the use of safety
boots in industries. At present, these regulations across regions
such as North America, Europe and Asia Pacific are fueling the demand
for safety footwear. In addition, with the increase in number of
worker accidents, the adoption of protective footwear is increasing.
Worker safety issues are being addressed and industrialists are
focused on improving the safety standards owing to which there is an
increase in the demand for safety footwear globally.
Geographically,
Europe dominated the market in 2013. North America closely followed
Europe with a significant market share. Presence of large number of
safety shoe manufacturers in countries such as Italy, Germany,
France, Spain and UK among others is positively supporting the market
in Europe. For example, Italy has a larger number of key market
players such as Jal Group, Giasco, Safetal, Siili Safety and Sofra
among others. In addition, stringent regulations related to the
mandatory use of safety footwear are responsible for the growth. In
North America, the demand is increasing due to strict legislations
coupled with the growth of niche markets. Asia pacific and RoW is
majorly supported by growth in countries such as China, India,
Taiwan, Korea, Brazil, South America and Africa among others. These
regions are expected to have high growth during the forecasted
period.
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Industrial Protective Footwear Market Press Release @ :
Jal Group, Rahman
Group, Oftenrich Holdings Co. Ltd. (Golden Chang), Honeywell Safety
Products, Saina Corporation Co. Ltd., VF Corporation, UVEX Safety
Group, Rock Fall Ltd., ELTEN GmbH and COFRA Holding AG among others
are some of the key players in the industrial protective footwear
market where, Jal Group dominated the market in 2012.
Industrial
Protective Footwear Market: By type
- Leather footwear
- Waterproof footwear
- Rubber footwear
- Plastic footwear
Industrial
Protective Footwear Market: By application
- Construction
- Manufacturing
- Mining
- Oil and Gas
- Chemicals
- Food
- Pharmaceuticals
- Transportation
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Report :
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