Global Industrial Safety Footwear Market Report and Forecast 2024-2032

Global Industrial Safety Footwear Market Outlook

The global industrial safety footwear market reached a value of approximately USD 11.23 billion in 2023. The market is projected to grow at a CAGR of 7.40% between 2024 and 2032, reaching a value of nearly USD 21.35 billion by 2032.

Key Trends in the Market

Industrial safety footwear is protective equipment specially designed to protect users from injuries and hazards such as falling objects, electrical and mechanical risks, and chemical splatter, among others. These footwear are usually manufactured with materials such as plastic, rubber, and leather.

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• The rapid industrialisation and expansion of construction activities worldwide have significantly contributed to the growth of the industrial safety footwear market. Industries, such as manufacturing, oil and gas, construction, and mining, require specialised safety footwear to ensure worker safety from hazards. As these industries continue to grow, the demand for industrial safety footwear is expected to rise considerably.

• One of the primary market drivers is the stringent safety regulations to ensure worker safety in various end-use sectors including pharmaceuticals and mining. Governments worldwide have also implemented stringent safety norms and standards to safeguard workers' health and prevent workplace accidents.

• Technological advancements are a major factor driving the industrial safety footwear market value. Manufacturers are incorporating advanced materials, such as composite toe caps, metatarsal guards, and puncture-resistant soles, to improve the protective capabilities of safety footwear. In addition, the utilisation of sensors and wearables enables real-time monitoring to enhance worker safety.

Market Analysis

Based on material, the market is segmented into leather, rubber, waterproof, and plastic, among others. On the basis of type, the market can be bifurcated into shoes and boots. By distribution channels, the market can be divided into offline and online.

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The market, based on application, is divided into manufacturing, construction, mining, oil and gas, chemicals, food, pharmaceutical, and transportation. The major regional markets for industrial safety footwear include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global industrial safety equipment market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.

• Rahman Industries Limited

• Honeywell International Inc.

• COFRA S.r.l.

• Saina Corporation Co. Ltd.

• Elten GmbH

• Uvex Arbeitsschutz GmbH

• Rock Fall Ltd.

• Wolverine World Wide Inc.

• Bata Shoe Company Private Limited

• Dunlop Protective Footwear B.V.

• Others

Market Share by Material

The leather protective footwear segment is expected to represent a significant market share. The demand for leather protective footwear is anticipated to rise due to their attractive appearance and the flexibility and high-quality offered by the material.

Meanwhile, the demand for rubber products is anticipated to experience a steady growth rate over the forecast period. Rubber protective footwear is highly sought after for its ability to reduce the risk of falls through slip-resistant soles, alleviate fatigue, and provide protection against burns.

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Market Share by Application

In the manufacturing sector, there is a growing requirement for industrial safety footwear to ensure the safety of employees and reduce potential overhead costs such as compensations resulting from workplace accidents.

The chemical industry is anticipated to contribute significantly to the industrial safety footwear market growth in the coming years. With the increasing demand for chemicals and similar products, the usage of industrial safety equipment to reduce employees’ exposure to harmful chemicals and adhere to local and international chemical safety requirements is likely to surge.

Competitive Landscape

Honeywell International Inc. is a renowned multinational conglomerate known for its diverse operations across multiple industries. The company has a strong presence in sectors such as aerospace, building technologies, performance materials, and safety and productivity solutions. Honeywell's headquarter is presently situated in North Carolina, the United States.

Elten GmbH is a European company engaged in designing, manufacturing, and distributing safety footwear and workwear. The company is currently headquartered in Nederrijn, Germany, and has been operating since 1910. The company has established itself as a leading manufacturer of safety shoes and workwear, catering to a wide range of industries and professions.

Rock Fall Ltd. is a renowned company specialising in the design and manufacturing of high-quality safety footwear. The company has been active since the year 1997 and has developed an industry-defining range of safety footwear. The company has worked with industrial giants 3M, Sympatex, Ortholite and FORCE10.

Other market players include Rahman Industries Limited, COFRA S.r.l., Saina Corporation Co. Ltd., Uvex Arbeitsschutz GmbH, Wolverine World Wide Inc., Bata Shoe Company Private Limited, and Dunlop Protective Footwear B.V., among others.

Key Highlights of the Report