The industrial protective footwear market was predicted at about USD 2, 370 million in 2012. It is anticipated to attain around USD 4, 330 million by 2019. The market is estimated to increase at around 8.5 percent CAGR through the forecast period. This period lasts from 2013 to 2019. The industrial protective footwear market was dominated by Europe in 2012.
This was on account of harsh governmental policies for the protection of industrial workers. North America followed Europe in the same year and occupied the second biggest share in the worldwide market. The industrial protective footwear market includes footwear used to protect industrial workers from various dangers.
Consumers of the industrial protective footwear market buy protective boots based on differing requirements. The various segments under which the market is studied and examined are kinds, consumer applications and geographies. Kinds consist of rail footwear, waterproof footwear, air footwear and leather footwear.
The various consumer applications of the industrial protective footwear market include chemicals, food, mining, pharmaceuticals, chemicals, production, mining, conveyance and oil and gas. Europe, North America, Asia Pacific and rest of the world are the four regions into which the industrial protective footwear market is divided. Escalating industrial disasters also propel the market.
Increased industrial fatalities lead towards using protective footwear and push further demand for the market. Increased implementation of harsh policies with regard to protection of workers also propels further development of the industrial protective footwear market. Construction was the biggest consumer application of the market in 2012 and was followed by production.
Information Source: Grand View Research