Protective Footwear Market : Trends & Opportunities with Forecast 2020 – 2030

Protective footwear serves the purpose of protecting feet against a wide variety of injuries. Impact, puncture and compression are amongst the major injury types in a workplace environment.

Attributed to stringent workplace safety regulations, the protective footwear market is expected to foray ahead with a higher single-digit CAGR over the assessment period.

Market goliaths consistently putting efforts to come up with innovative footwear solutions has been identified as a recent trend within the industry. For instance, Dunlop, Honeywell, Tingley, Lehigh Outfitters amongst others are witnessed to launch products with optimized material utilization claiming to have not just waterproofing properties but electrical hazard protection and shock absorption as well.

Based on industry requirements, protective footwear are made up of various materials i.e. leather, plastic, rubber, etc. In 2019, leather accounted to hold the highest market share under protective footwear as manufacturers have implemented safety, comfort, aesthetics and other innovation majorly over leather material. Also, this particular material fits in the level wise guidelines of OSHA.

However, plastic based protective footwear are expected to have a higher growth rate till 2030 attributed towards shifting consumer needs and inclination of market players towards providing aesthetics with a higher degree of protection in a single package.

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COVID-19 Impact Insights

COVID-19 pandemic has forced countries to impose lockdowns and strict social distancing measures across the globe, flattening the global economic curve. This in result has disrupted almost every market and protective footwear market has also been affected largely.

COVID-19 pandemic has presented massive disruptions in the demand supply equilibrium across multiple industries, leading towards economic losses at a global level. Plant shut downs in Europe, Asia and North America in the second quarter of 2020 has reduced the production scale of protective footwear.

However, consistently upgrading work place safety measures and COVID-19 guidelines for worker safety would help the protective footwear market to bounce back strongly best by fourth quarter of 2020.

Protective Footwear Market: Regional Outlook

Based on regional split, the report “Protective Footwear Market” takes into account six prominent regions including North America, Europe, Latin America, East Asia, South Asia and Oceania and Middle East & Africa. Of these, Asia Pacific collectively accounts for nearly 40% of the protective footwear market share.

Well-established manufacturing and construction industries necessitates workplace safety norms to be followed, hence penetrating protective footwear in the region at a higher rate.

Further, Europe is expected to turn out as the most promising region under protective footwear market owing to consistent stringent modifications in the work place safety regulations. Also, attributed towards the adventure sports and associated activities, the region would witness high growth rate over the assessment period (2020-2030).

Americas collectively accounts for one fourth of the market share in 2019 and is expected to rise with a higher single digit CAGR. Middle East & Africa accounts for nominal shares under protective footwear market.

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Protective Footwear Market: Key Players

Being a moderately consolidated market, players have dominant presence across regions through streamlined distribution networks.

  • Honeywell
  • Coats Group plc
  • Respirex
  • Dunlop
  • boot
  • Tingley
  • Rahman Group
  • COFRA
  • F. Corporation
  • Rock Fall Ltd.

are amongst the prominent players in protective footwear market accounting for over 65% of the market revenues.Common organic growth strategies of improving footwear design, safety, durability and other associated properties have been witnessed across the regional players.

Moreover, acquisitions and establishing long term supply contracts with the industries and municipalities are providing an upper edge to the market players.

However, regional clusters including Asia and Africa backing the local manufacturers is presenting challenges to global players offering their products at higher price points which in turn is significantly disturbing the overall protective footwear market revenues.

The research report presents a comprehensive assessment of the Protective footwear market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The Protective footwear market report provides analysis and information, according to market segments such as geographies, product type, material type and end use.

The Protective Footwear Market Report Covers Exhaustive Analysis On:

  • Market Segments
  • Market Dynamics
  • Market Size & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

The Protective Footwear Market Regional Analysis Includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia & Oceania (India, ASEAN, Australia and New Zealand , Rest of South Asia & Oceania)
  • Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)

The Protective footwear report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain.

The Protective footwear report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The Protective footwear report also maps the qualitative impact of various market factors on market segments and

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