The global Industrial protective footwear Market was valued at $4.54 Billion in 2017 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2025, culminating in 2025 global sales of $9.7 Billion.
Industrial protective footwear is meant to provide the utmost protection against industrial hazards. these footwears are heat resistant & slip resistant giving full comfort and are durable.it is used in many industries for safety purpose like protects from flying’s & falling objects, protect from punctures, protects from cutting hazards, protect from electrical hazards, prevent fatigue, prevent burns, protects from extreme weather.
“Optimal Price Point (OPP) for Industrial protective footwear Products”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the China Industrial protective footwear materialsare available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Industrial protective footwear Market “by Product Categories”
We have segmented the Industrial protective Footwear based on product categories asLeather, Waterproof, Rubber, Plastic.
We have observed the rapid growth of industrial protective footwear dominated by leather boots & shoes which is mainly used in industrial sectors because it protects feet from injuries, protects from cutting hazards, protects from extreme weather. these leather products which have reinforced toes to protect the feet from hazards such as heavy objects which boost the market growth during the forecast period.
Industrial protective footwear Market “by Application”
We have segmented the Industrial protective footwear market based on Application are Construction, Manufacturing, Mining, Oil and Gas, Chemicals, Food, Pharmaceuticals, Transportation.
We have observed the significant growth of industrial protective footwear market by construction application. These protective footwears are more durable, delivering better torsion control & provides better stability on even & rocky work surfaces. it provides extreme cushion & comfort for all-day work which demands the market of industrial protective footwear during the forecast period.
Europe accounted for the maximum revenue share of over xx% in 2017 due to increased demand of Industrial Protective Footwear followed by EU- Top 5 countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2025.
The key regions analyzed in the study include North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. In 2017, Europe held the largest share for Industrial protective footwear market due to the demand for Construction application. North America is expected to have the highest growth due to U.S. & this would be followed by the Asia Pacific.
Increasing health & safety practices with arms race among developing countries with the increasing populations generate a demand for industrial protective footwear. We are observing that an Industrial protective footwear is a good option as it can create a good impact on construction & manufacturing industries.
“Competitive Landscape “and “Merger & Acquisition Insights”
The key market participants include Hewats Edinburgh, Anbu Safety, Wolverine, VF Corporation, Uvex Safety Group, JAL Group, Honeywell Safety Products, Dunlop Boots are few major players in Industrial protective footwear markets. The market of Industrial protective footwears is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Industrial protective footwear Marketbyproduct Categories(Revenue, Million, 2014 – 2025)
Industrial protective footwear Market by application(Revenue, Million, 2014 – 2025)
- Oil and Gas
Industrial protective footwear materials Market Regional Outlook (Revenue, USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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