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Industrial Safety Footwear Market Size

Report ID: GMI1101
Published Date: Aug 2022
Report Format: PDF

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Industrial Safety Footwear Market Size

Industrial Safety Footwear Market size recorded revenue worth more than USD 9 billion in 2021. Driven by increasing work-related hazards, the industry is projected to depict a CAGR of more than 2.5% from 2022 to 2030. Global personal protective equipment (PPE) market is expected to register over 7.5% CAGR in the forecast period driven by growing safety and security compliances at the workplace.

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Safety footwear is vital for workers across the industrial environment to protect them from serious injuries and extreme weather, among other hazards. The escalating cases of work-related injuries will bolster the demand for industrial safety footwear worldwide. According to data from the Centers for Disease Control and Prevention, in 2020, 18% of the 1,176,340 non-fatal work injuries were related to falls, slips, and trips, contributing to the popularity of protective equipment across industries.

In the oil and gas industry, there are risks of seemingly endless hazards. As per the United States Bureau of Labor Statistics, quarrying, mining, and oil and gas extraction accounted for a considerable share of fatal injuries worldwide, with over 130 death cases recorded in 2018. These factors will likely boost awareness about the benefits of safety shoes among industrial workers and consequently provide lucrative opportunities for the industrial safety footwear market expansion over the forthcoming years.

Industrial Safety Footwear Market Report Attributes
Report Attribute	Details
Base Year:	2021
Industrial Safety Footwear Market Size in 2021:	9.13 Billion (USD)
Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	2.5%
2030 Value Projection:	11.50 Billion (USD)
Historical Data for:	2017 to 2021
No. of Pages:	400
Tables, Charts & Figures:	130
Segments covered:	Product, Application, Material
Growth Drivers:	Asia Pacific: Intensifying product usage across various industries North America: Rising concerns toward worker’s safety along with stringent legislations Europe: Favorable regulatory standards ensuring high product quality
Pitfalls & Challenges:	Threat from duplicate and inferior quality products

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Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

The market for industrial safety footwear recorded revenue worth nearly USD 9,100 million in 2021 and is projected to depict a CAGR of 2.6% between 2021 and 2030, driven by the escalating work-related injuries.

The industrial safety footwear industry size from the shoes segment is poised to depict a CAGR of 2% through 2030, as a result of the burgeoning production and demand for safety shoes for construction sites.

The industrial safety footwear market from the construction segment will generate revenue of more than USD 3 billion by 2030, owing to the high incidence of injuries among construction workers.

The Asia Pacific industrial safety footwear industry is poised to exhibit a CAGR of over 3% through 2030, driven by the rising application scope of innovative safety shoes in the manufacturing, fishery, agriculture, and food industries.