LONDON–(BUSINESS WIRE)–The global safety footwear market size is expected to grow by USD 890.34 million between 2020 and 2024, growing at a CAGR of almost 3% throughout the forecast period, according to the latest report from Technavio. The report offers up-to-date analysis regarding the current market scenario, latest trends and drivers, and overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a free sample REPORT with analysis of the COVID-19 crisis and recovery.
The increase in cases of industrial accidents is one of the main growth factors in this market. The increasing number of accidents in sectors such as oil and gas, chemical, construction and food processing creates the need for safety clothing and accessories, including safety shoes. Accidents in all industries, especially in the construction sector, are usually caused by heavy objects falling on employees, slips and falls. The construction industry experiences the highest number of injuries and fatalities. Safety shoes are designed to improve surface contact resistance and provide postural stability while walking, reducing the likelihood of falling on a slippery surface. Growth in end-user industries and the need to prevent accidents in the workplace are driving the sales of safety footwear.
Sign up today for a free trial and get instant access to over 17,000 market research reports. The Technavio SUBSCRIPTION platform
Report Highlights:
-
The major growth in the safety footwear market has come from the construction industry segment. The growing need to improve workplace safety in the construction industry drives the need for safety footwear for workers. Construction businesses in developing markets will likely continue to grow at a much faster rate than in advanced economies. The fastest growth would be seen in developing economies such as China and India. As a result, the growth of the safety shoes market share by the construction segment will be faster than the market growth by the other segments in the coming years.
-
APAC was the largest safety footwear market in 2019, and the region will provide several growth opportunities for market vendors over the forecast period. Factors such as rapid industrialization and urbanization will significantly boost the growth of the safety footwear market in this region during the forecast period.
-
The global safety footwear market is fragmented. Bata Brands SA, COFRA Srl, Dunlop Protective Footwear USA LLC, Honeywell International Inc., the KARAM group, Liberty Shoes Ltd., Rock Fall (UK) Ltd., the uvex group, VF Corp. and Wolverine World Wide Inc. the major market players. To help clients improve their position in the market, this forecast report on the Safety Footwear market provides a detailed analysis of the market leaders.
-
As the business impact of COVID-19 spreads, the Global Safety Footwear Market 2020-2024 should have Negative and Inferior. As the pandemic spreads in some regions and reaches plateaus in other regions, we are reassessing the impact on businesses and updating our report forecasts.
Read the full report here: https://www.technavio.com/report/report/safety-shoes-market-industry-analysis
Increasing rate of ergonomic safety shoes will be a key market trend
One of the latest trends in the safety footwear market is the growing number of ergonomic safety shoes. Ergonomically designed shoes have a greater influence on body weight and movement, which if not implemented can lead to several health issues along with comfort and fit issues. In addition, ergonomic safety shoes help reduce strain and provide ample foot support. Such an ergonomic approach to the design and manufacture of safety footwear will increase customer base and loyalty, thereby contributing to market growth.
Technavio’s sample reports are free and contain several sections of the report, such as market size and forecast, drivers, challenges, trends, etc. Request a free sample report
Safety Footwear Market 2020-2024: Key Highlights
-
Market CAGR over the forecast period 2020-2024
-
In-depth information on factors that will contribute to the growth of the Safety Footwear market over the next five years
-
Estimation of the safety footwear market size and its contribution to the parent market
-
Predictions on upcoming trends and changes in consumer behavior
-
The growth of the safety footwear market
-
Market Competitive Landscape Analysis and Detailed Vendor Information
-
Comprehensive details of factors that will challenge the growth of the Safety Footwear Market vendors
Buy 1 Technavio report and get the second at 50% off. Buy 2 Technavio reports and get the third free.
See market overview before buying
Summary
Market landscape
-
Market ecosystem
-
Value chain analysis
Market sizing
-
Market definition
-
Market segment analysis
-
Market size 2019
-
Market Outlook: Forecast for 2019 – 2024
Five forces analysis
-
Five forces analysis
-
The bargaining power of buyers
-
Bargaining power of suppliers
-
The threat of new entrants
-
The threat of substitutes
-
Threat of rivalry
-
Market state
Market segmentation by end user
-
Market segments
-
Comparison by end user
-
Construction – Market size and forecast 2019-2024
-
Chemicals – Market size and forecast 2019-2024
-
Manufacturing – Market size and forecast 2019-2024
-
Mining – Market size and forecast 2019-2024
-
Others – Market size and forecast 2019-2024
-
Market opportunity by end user
Customer landscape
Geographic landscape
-
Geographic segmentation
-
Geographic comparison
-
APAC – Market size and forecast 2019-2024
-
North America – Market size and forecast 2019-2024
-
Europe – Market size and forecast 2019-2024
-
South America – Market size and forecast 2019-2024
-
MEA – Market size and forecast 2019-2024
-
Main leading countries
-
Market Opportunity by Geography
-
Market factors
-
Market challenges
-
Market trends
Supplier Landscape
-
Supplier Landscape
-
Landscape disturbance
Vendor analysis
-
Suppliers Covered
-
Positioning on the supplier market
-
Bata Marques S.A.
-
COFRA Srl
-
Dunlop Protective Footwear USA LLC
-
Honeywell International Inc.
-
KARAM Group
-
Liberty Shoes Ltd.
-
Rock Fall (UK) Ltd.
-
uvex group
-
VF Corp.
-
Wolverine World Wide Inc.
Annex
-
Report scope
-
Currency conversion rates for the US dollar
-
Research methodology
-
Abreviations list
About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.
