Industrial Protective Footwear Market Likely To Touch $6.56 Billion By 2024

San Francisco, 17 April 2019 –  “Industrial Protective Footwear Market Analysis By Product (Leather, Waterproof, Rubber, Plastic), By Application (Construction, Manufacturing, Mining, Oil and Gas, Chemicals, Food, Pharmaceuticals, Transportation) And Segment Forecasts To 2024”

The global industrial protective footwear market size is expected to reach USD 6.56 billion by 2024, according to a new report by Grand View Research, Inc. The substantial growth prospects of the market can be attributed to the rising number of worker accidents across global organizations.

Comfort, innovation, safety, and aesthetic value are the key characteristics of the industrial safety footwear. The global shoe manufacturers over the years have been striving to integrate these features into their products in order to offer improved safety in the workplace as well as provide comfort to workers. Industrial protective shoes have been facing a substantial demand from various industries to avoid fatalities and accidents in the workplace.

With a paradigm shift towards worker safety instead of maximizing profits, a huge demand has been created for protective footwear in hazardous work environments and is anticipated to drive the industry over the forecast period.

Industrial Protective Footwear Market

In the recent years, safety wear has emerged as an increasingly preferred choice for many companies. These safety products are essential for the prevention and protection against occupational fatalities to workers as well as for the prevention of legal action towards organizations.

However, the high sale volume of spurious and cheap products in the industry is envisioned to challenge the industry growth in the near future. Furthermore, due to the increasing popularity and rising demand for premium branded safety shoes, these products become the sole target for counterfeiting. Thus, high sales volume of counterfeit and low-quality products are expected to challenge the industry growth.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/industrial-protective-footwear-market

Further key findings from the report suggest:

  • Leather footwear is presumed to emerge as a predominant product over the forecast period. Leather is increasingly used in safety shoes to provide protection against fatal electric shocks due to its non-conductivity. Moreover, a genuine leather provides protection against falling objects, punctures, cutting hazards, burns, and extreme weather.
  • The rubber safety shoe market was valued at over USD 120 million in 2015 and is expected to grow at a considerable rate over the forecast period. With the emerging use of intense colored rubber materials, safety shoes have now become ergonomically enhanced, water resistant, and lightweight, thereby making them a good choice for various industries.
  • Construction is expected to emerge as a predominant application segment over the next eight years. Growth in this segment is primarily driven by the rising number of workplace accidents, which has, in turn, fueled the adoption of industrial shoes among infrastructure developers to improve occupation safety.
  • Europe led the industry in terms of market share in 2015 and is expected to retain its dominance over the forecast period. The demand in this region is mainly driven by the implementation of standards and compliance with stringent regulations that mandate the use of safety shoes at the workplace. The widespread presence of safety shoe manufacturers in the region is anticipated to drive the industry growth in the region.
  • Low-cost labor, capital, and raw materials, as well as low-interest loans and tax incentives, have forced footwear manufacturers to migrate from North America, UK, and Italy to Asia, especially China. Moreover, the Chinese government is presently attracting footwear manufacturers with various incentives and is working to shift the footwear production sites from the coastal regions to internal territories.

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/smart-textiles

Grand View Research has segmented the global industrial protective footwear market on the basis of product, application, and region.

Industrial Protective Footwear Product Outlook (Revenue, USD Million, 2012 – 2024)

  • Leather Footwear
  • Waterproof Footwear
  • Rubber Footwear
  • Plastic Footwear

Industrial Protective Footwear Application Outlook (Revenue, USD Million, 2012 – 2024)

  • Construction
  • Manufacturing
  • Mining
  • Oil and gas
  • Chemicals
  • Food
  • Pharmaceuticals
  • Transportation

Industrial Protective Footwear Regional Outlook (Revenue, USD Million, 2012 – 2024)

  • North America
  • Europe
  • Asia Pacific
  • RoW

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-industrial-protective-footwear-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Smart Fabrics Market to Grow At A CAGR Of 30.4% by 2025

 The global smart textile market size is expected to reach USD 5.55 billion by 2025, registering a CAGR of 30.4% over the forecast period, according to a new report by Grand View Research, Inc. Global demand for smart textile is mainly driven by increasing penetration of smartphones and other high-tech or smart devices, such as iPods. Majority of new smartphones and laptops are equipped with Bluetooth Low Energy (BLE) technology. This enables the connection of sensor-based devices to the internet through mobile phones. Smart textiles can be used to communicate information of the wearer, such as physiological paramters including location, heart rate, blood pressure, and temperature.

This data can then be used in application areas, such as healthcare and sports & fitness. Moreover, the product is also used by those suffering from late-stage dementia as it can help refresh their sense of self. Therefore, wide usage of internet and growth in wireless technology are expected to have a postitive impact on the market growth. Rapidly expanding fashion & entertainment industry across the globe is also expected to propel the market growth in coming years. Moreover, rising product demand from the sports & fitness sector due to increasing awareness about leading a healthy lifestyle will contribute to the growth.

Miniaturization of electronics is expected to significantly fuel market growth further. Industry participants are increasingly focusing on reducing form factors to facilitate integration, to make sensors compatible with fabric and ensure optimum comfort and wearability. Since smart textiles are used in fields, such as healthcare and sports, it has become increasingly important to ensure that the user is not hindered through the use of electronic fabric. The use of conventional cables had been a major hindrance to product adoption. With the advent of smart textiles, which eliminate the bundled filaments of conventional cables, higher degree of flexibility can be ensured.

Smart Fabrics Market

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/smart-textiles-industry

Further key findings from the study suggest:

  • Global smart textile market is anticipated to witness a substantial growth owing to increasing product demand from several applications, such as sports & fitness
  • The defense & military segment is anticipated to account for the highest market share by 2025, while sports & fitness segment will register the fastest CAGR over the forecast years
  • North America accounted for over 47% of the overall share in 2018, thus, leading the global market and is likely to maintain the dominance even during the estimated period
  • Key companies in the market include Adidas AG; Ohmatex ApS; Peratech Ltd.; Infineon Technologies; Clothing+; Fibertronic Ltd.; Weartech; and Tektronix, Inc.
  • Funding and investments by government organizations are estimated to help these firms in product development and innovation
  • Industry stakeholders include a number of entities, such as system integrators and Original Equipment Manufacturers (OEMs), as well as manufacturers of textiles and electronic components

Related Report of Smart Textiles:

Grand View Research has segmented the global smart textile market on the basis of product, end use, functionality, and region:

Smart Textiles Product Outlook (Revenue, USD Million, 2015 – 2025)

  • Passive
  • Active
  • Very Smart

Smart Textiles End Use Outlook (Revenue, USD Million, 2015 – 2025)

  • Fashion & Entertainment
  • Sports & Fitness
  • Medical
  • Transportation
  • Protection & Military
  • Architecture

Smart Textiles Functionality Outlook (Revenue, USD Million, 2015 – 2025)

  • Sensing
  • Energy Harvesting
  • Luminescence & Aesthetics
  • Thermoelectricity
  • Others

Smart Textiles Regional Outlook (Revenue, USD Million, 2015 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
  • Middle East & Africa

Access Press Release of This Research Report by Grand View Research:
www.grandviewresearch.com/press-release/global-smart-textiles-industry

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Info: www.grandviewresearch.com

Southeast Asia Personal Protective Equipment Market Opportunities To Reach $2.10 Billion By 2025

 The Southeast Asia personal protective equipment market size is expected to reach USD 2.10 billion by 2025 expanding at a CAGR of 8.0%, according to a new report by Grand View Research, Inc. Growing awareness regarding workers’ safety owing to several cases of occupational accidents is projected to drive the Southeast Asia PPE market. Wide usage of PPEs in the production of protective clothing in a variety of industries will boost the industry growth. Rising need to avoid workplace accidents in industries, such as chemical production, manufacturing, and oil & gas, is expected to propel the market development.

Increasing preference for comfortable and lightweight protective wear without compromising operability is also contributing to the industry expansion. Moreover, popular trend of installing wearable technology gadgets in PPEs to monitor the operating environment is expected to drive the industry further. PPE production is highly capital-intensive due to complex manufacturing methods and high costs of raw materials. Thus, initial capital investment is expected to be a major entry barrier for new participants, on account of which, the threat of new entrants is expected to remain low.

Southeast Asia Personal Protective Equipment Market

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/southeast-asia-personal-protective-equipment-ppe-market

Further key findings from the study suggest:

  • Fall protection segment is expected to witness the highest CAGR of 9.0% from 2018 to 2025 due to rising application scope in various industries including construction and oil & gas
  • Chemical defending apparel emerged as the largest protective clothing application segment owing to high demand from chemical and petrochemical industries
  • Aramid fiber and blends-based mechanical protective clothing is expected to emerge as the fastest-growing material segment due to high demand for such clothing from manufacturing and construction industries
  • The industry in Vietnam is estimated to witness the fastest CAGR over the forecast period owing to rapidly developing manufacturing and construction industries
  • Key industry players have resorted to integration across the value chain in a bid to reduce the production cost for PPE, which is expected to emerge as the defining trend over the next few years

Related Report of Smart Textiles:

Grand View Research has segmented the Southeast Asia Personal Protective Equipment (PPE) market on the basis of product, end use, and region:

Southeast Asia PPE Product Outlook (Revenue, USD Million, 2014 – 2025)

  • Head, Eye & Face Protection
  • Hearing Protection
  • Protective Clothing
    • Flame Retardant Apparel
    • Chemical Defending Apparel
    • Mechanical Protective Clothing
    • Others
  • Respiratory Protection
    • Air Purifying Respirator
    • Supplied Air Respirator
  • Protective Footwear
    • Boots
    • High Ankle Shoes
    • Regular Shoes
    • Leather
    • Rubber
    • PVC
    • Polyurethane
    • Others
  • Fall Protection
  • Hand Protection
    • Disposable Gloves
      • By Type
        • General Purpose
        • Chemical Handling
        • Clean Room / Sterile
        • Surgical and Examination
        • Others
      • By Material
        • Latex
        • Nitrile
        • Neoprene
        • Vinyl
        • Others
    • Durable Gloves
      • Mechanical
      • Cut resistant gloves
      • Multi task gloves
      • Oil repellant gloves
      • Chemical handling
      • Thermal/flame retardant
      • Others
  • Others

Southeast Asia PPE End Use Outlook (Revenue, USD Million, 2014 – 2025)

  • Construction
  • Manufacturing
  • Oil & Gas
  • Chemical / Petrochemical
  • Food & Beverage
  • Healthcare / Pharmaceuticals
  • Transportation
  • Mining
  • Others

Southeast Asia PPE Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • Singapore
  • Vietnam
  • Malaysia
  • Indonesia
  • Thailand
  • Rest of Southeast Asia

Access Press Release of This Research Report by Grand View Research:
www.grandviewresearch.com/press-release/global-power-plant-boiler-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Info: www.grandviewresearch.com

Industrial Protective Clothing Market Opportunities To Reach $13.3 Billion By 2022

San Francisco, 16 November 2018 – According to a report published by Grand View Research, Inc.; the industrial protective clothing market is expected to reach a valuation of around 13.30 billion by 2022.

Rise in concerns about worker safety due to increasing workplace hazards in several industrial segment such as manufacturing, oil and gas, chemical, and food processing can propel the market over the forecast period (2012 to 2022). Satisfactory regulatory framework for minimizing occupational hazards across the world is also expected to create positive outlook for the market.

U.S. industrial protective clothing market revenue estimates and forecast, by product, 2012-2022 (USD Million)

industrial-protective-clothing-market

Increasing number of blue collar workers across many production centric industries is expected to support the market growth in the coming years. As per OSHA, the global prevalence of industrial protective clothing is anticipated to grow in industries such as research laboratories, pharmaceutical, and healthcare. Increasing prominence of raw materials with characteristics of light weight, wear and tear resistance, and high heat resistance are anticipated to encourage companies to invest in R&D. Increasing efforts to achieve multi-functionality of protective clothing to increase their application scope is expected to impel the market in the coming years. Furthermore, advancements in technologies along with chaining consumer requirement for clothing that combines safety with fashion and attractiveness is also expected to fuel the market growth during the forecast period.

However, increasing costs of raw materials such as silicates, carbon fiber, and aramid fiber may challenge the market growth.

Worldwide protective clothing market can be segmented on the basis of product, application, and region.

Based on product, the market can be categorized into durable and disposable. The durable segment was the leading segment and occupied share over 55% in 2014. This segment is likely to exhibit rapid growth over the forecast period. However, the disposable segment is expected to show significant growth on account of high cost of durable products.

Browse Research Report On Industrial Protective Clothing Market :
www.grandviewresearch.com/industry-analysis/industrial-protective-clothing-market

As per application, the market can be classified into flame retardant apparels and chemical defending garments.

In 2014, the chemical defending garments segment was estimated for over 30% of the overall market.  The segment is expected to expand with a CAGR of over 14% from 2015 to 2022. Growing implementation of safety regulations about worker safety and growth in chemical sector is likely to boost the segment growth during the forecast period.

The flame-retardant clothing segment is projected to exhibit high growth of over 14% from 2015 to 2022 on account of growing fatalities in chemical industry.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa.

In terms of revenue, in 2014, North America was the largest regional market and estimated for over 35% and is likely to exceed a net worth of USD 13200 million by 2022. Growing industry standards in the direction of the safety of workforce coupled with high demand from manufacturing and automotive sectors is projected to drive the growth in this region. Initiatives taken by several government agencies in this region such as ASTM, National Fire Protection Association (NFPA), and OSHA are also contributing towards the market growth. The U.S. is a major consumer of technical fabrics along with several upcoming construction projects mainly in sectors including infrastructure, power and water, and oil and gas. Guidelines by OSHA is expected to support the growth in the U.S. for instance, in 2014, OSHA revised the OSHA 1910.269 regulation which made it compulsory to wear flame retardant apparel for people working near flames and electric arcs.

Asia Pacific is projected to grow at CAGR of over 15% during 2015 to 2022. This growth can be attributed to robust industrialization in developing countries such as India, China, Indonesia, and Thailand. Rise in infrastructure spending in China and India can have positive impact on the market. growth in end-use industries including oil and gas, mining, healthcare, aerospace, chemicals, and manufacturing in this region along with strict safety regulations are anticipated to spur the market growth.

Some the leading players operating in the market include PBI Performance Products, Inc.; W.L. Gore & Associates, Inc.; Lakeland Industries, Inc.; W.L. Gore & Associates, Inc.; and Australian Defense Apparel.

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/smart-textiles

Grand View Research has segmented the industrial protective clothing on the basis of product, application and region:

Global Industrial Protective Clothing Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 – 2022)

  • Durable
  • Disposable

Global Industrial Protective Clothing Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 – 2022)

  • Flame retardant apparels
  • Chemical defending garments
    • Radiation protection
    • Particulate matter
    • Clean room clothing
    • Mechanical Protective clothing
    • Limited General-Use clothing
    • Others

Global Industrial Protective Clothing Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 – 2022)

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-industrial-protective

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Smart Textiles Market Analysis To Reach $9.3 Billion By 2024

San Francisco, 1 November 2018 – The global smart textiles/smart fabrics market is expected to reach USD 9.3 billion by 2024, according to a new study conducted by Grand View Research, Inc. The growing penetration of smart phones enabled with Bluetooth Low Energy (BLE) for connecting sensor-based devices to the Internet is anticipated to fuel smart textiles market growth in the coming years. The increasing adoption of smart textiles across numerous applications, including sports & fitness and defense & military, are expected to be the key driving force for the industry.

Europe Smart Textiles Market By End-Use, 2014 – 2024 (USD Million)

smart-textiles-industry

Defense & military was observed to be the largest application, where it is used to protect the users from environmental changes and exposure to enemy weapons. The decreasing prices of electronic components are anticipated to make production cost-effective, further contributing to the overall industry demand. Ensuring user friendliness and the seamless integration of technology into the fabric is a key challenge for the industry participants.

Browse Research Report On Smart Textiles Market :
www.grandviewresearch.com/industry-analysis/smart-textiles-industry

Further key findings from the study suggest:

  • The global smart textile industry was estimated to be USD 544.7 million in 2015 and is projected to grow at a CAGR of more than 35% from 2016 to 2024. This is attributed to the growing usage of smart textile in sports & fitness and medical applications, primarily due to its water and stain resistance, UV protection, and anti-bacterial properties, helping users stay protected.
  • The protection and military application of smart textiles is expected to remain the largest market segment over the next eight years. The demand in sports and fitness applications is anticipated to witness a significant growth since these fabrics increase the comfort level of the user and eliminate the use of bulky equipment such as chest straps. Medical applications accounted for over 7% (in terms of revenue) of the total market in 2015; the segment is expected to grow faster than the global average in the coming years. This is anticipated to be driven by the need for enhancement in administering nursing care, drug delivery, and other procedures.
  • Smart fabric helps measure physiological parameters such as temperature, heart rate, and blood pressure, among others. Furthermore, this product is also used by those suffering from late-stage dementia as it can help refresh their sense of self. The materials used comprise Phase Changing Materials (PCM), nano fibers, conductive polymers, and so on while primary components include sensors and actuators. Problems concerning power supply are expected to drive the need for energy harvesting in the near future.
  • North America dominated the industry and accounted for over 45% (in terms of revenue) of the global share in 2015. Asia Pacific is expected to be the fastest growing regional market with an estimated CAGR of over 38.5% from 2016 to 2024. Standardization is anticipated to be critical for the industry to make the transition from specialized products to commercialization.
  • Industry stakeholders include a number of entities, such as manufacturers of textiles and electronic components as well as Original Equipment Manufacturers (OEMs) and system integrators. Research and development activities as well as funding by government organizations are expected to help the market players achieve product development and innovation. The key companies operating in the market include Ohmatex ApS, Tektronix. Inc., Clothing+, Adidas, Infineon Technologies, Weartech, Fibertronic Limited, and Peratech Ltd.

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/smart-textiles

Grand View Research has segmented the global smart textiles market on the basis of product, application, and region:

Smart Textile Product Outlook (USD Million; 2014 – 2024)

  • Passive
  • Active
  • Very Smart

Smart Textile Application Outlook (USD Million; 2014 – 2024)

  • Fashion & Entertainment
  • Sports & Fitness
  • Medical
  • Transportation
  • Protection & Military
  • Architecture

Smart Textile Regional Outlook (USD Million; 2014 – 2024)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
  • Middle East & Africa

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-smart-textiles-industry

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Agro Textiles Market Is Projected To Grow Rapidly Due To Rising Standards Of Global Farming Till 2025: Grand View Research, Inc.

 

The global agro textiles market is expected to reach USD 12.77 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand for food with growing population has put a lot of pressure on agricultural productivity. Limited availability of land coupled with various natural disasters further reduces the total yield. Agrotech aid in improving crop quality and help in increasing overall agricultural productivity. Need to increase crop productivity to fulfill daily demand of growing population has led to the industry growth.

Associations such as Sustainable Agriculture Network (SAN), AGRA (predominant in Africa), and GLOBAL G.A.P. Academy provide expertise to farmers worldwide to set standards and achieve new heights in the field of food development. Prevalence of schemes and certifications given by authorities such as Integrated Farm Assurance (IFA), The International Gold Standard in Farm Certification, and GFSI schemes in agriculture have improved standardization in products and production methods.

us-agro-textiles-market.png

The demand for shade nets are mostly dependent on its usage in horticulture and floriculture. Technological advancements in horticulture coupled with development of particle, multilayer and UV protection films, in order to improve yield productivity is anticipated to boost market growth for shade net products over the estimated period.

Browse full research report on Agro Textiles Market: www.grandviewresearch.com/industry-analysis/agro-textiles-market   

Further key findings from the report suggest:

  • The global agro textiles demand was 1,489.9 kilo tons in 2016 and is estimated to grow at a CAGR of 4.4% from 2017 to 2025
  • The global mulch mats demand was over 185 kilo tons in 2016 and is projected to witness moderate growth over the next eight years
  • The fishing nets segment in India is anticipated to reach net worth exceeding USD 1.54 billion by 2025
  • Agriculture application segment in China accounted for 15% in 2016 and is expected to witness the same trend over the forecast period
  • Aquaculture is projected to emerge as the fastest application segment growing at a CAGR of 5% in terms of revenue from 2017 to 2025
  • Demand for aggrotech products for animal husbandry in the Middle East & Africa was 3.8 kilo tons in 2016 and is anticipated to grow at a CAGR of 2.4% over the upcoming years
  • Major companies actively operating in the industry include Diatex, Capatex, B&V Agro Irrigation Co., Neo Corp International Limited, Beaulieu Technical Textiles, and Belton Industries, Inc.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/smart-textiles                                    

Grand View Research has segmented the global agro textiles market on the basis of product, application, and region:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)

  • Shade-nets
  • Mulch-mats
  • Anti-hail nets and bird protection nets
  • Fishing nets
  • Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)

  • Agriculture
  • Horticulture & Floriculture
  • Aquaculture
  • Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
    • Indonesia
  • Central & South America
    • Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-agro-textiles-market                                    

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Industrial Protective Footwear Market Is Projected To Grow Due To High Standard Of Worker Safety And Health Across Industries Till 2024: Grand View Research, Inc.

The global industrial protective footwear market size is expected to reach USD 6.56 billion by 2024, according to a new report by Grand View Research, Inc. The substantial growth prospects of the market can be attributed to the rising number of worker accidents across global organizations.

Comfort, innovation, safety, and aesthetic value are the key characteristics of the industrial safety footwear. The global shoe manufacturers over the years have been striving to integrate these features into their products in order to offer improved safety in the workplace as well as provide comfort to workers. Industrial protective shoes have been facing a substantial demand from various industries to avoid fatalities and accidents in the workplace.

With a paradigm shift towards worker safety instead of maximizing profits, a huge demand has been created for protective footwear in hazardous work environments and is anticipated to drive the industry over the forecast period.

In the recent years, safety wear has emerged as an increasingly preferred choice for many companies. These safety products are essential for the prevention and protection against occupational fatalities to workers as well as for the prevention of legal action towards organizations.

However, the high sale volume of spurious and cheap products in the industry is envisioned to challenge the industry growth in the near future. Furthermore, due to the increasing popularity and rising demand for premium branded safety shoes, these products become the sole target for counterfeiting. Thus, high sales volume of counterfeit and low-quality products are expected to challenge the industry growth.

Europe industrial protective footwear market by application, 2012 – 2024 (USD Million)

industrial-protective-footwear-market.png

Browse full research report on Industrial Protective Footwear Market

Further key findings from the report suggest:

  • Leather footwear is presumed to emerge as a predominant product over the forecast period. Leather is increasingly used in safety shoes to provide protection against fatal electric shocks due to its non-conductivity. Moreover, a genuine leather provides protection against falling objects, punctures, cutting hazards, burns, and extreme weather.
  • The rubber safety shoe market was valued at over USD 120 million in 2015 and is expected to grow at a considerable rate over the forecast period. With the emerging use of intense colored rubber materials, safety shoes have now become ergonomically enhanced, water resistant, and lightweight, thereby making them a good choice for various industries.
  • Construction is expected to emerge as a predominant application segment over the next eight years. Growth in this segment is primarily driven by the rising number of workplace accidents, which has, in turn, fueled the adoption of industrial shoes among infrastructure developers to improve occupation safety.
  • Europe led the industry in terms of market share in 2015 and is expected to retain its dominance over the forecast period. The demand in this region is mainly driven by the implementation of standards and compliance with stringent regulations that mandate the use of safety shoes at the workplace. The widespread presence of safety shoe manufacturers in the region is anticipated to drive the industry growth in the region.
  • Low-cost labor, capital, and raw materials, as well as low-interest loans and tax incentives, have forced footwear manufacturers to migrate from North America, UK, and Italy to Asia, especially China. Moreover, the Chinese government is presently attracting footwear manufacturers with various incentives and is working to shift the footwear production sites from the coastal regions to internal territories.

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com