Sarasota, FL -- (SBWIRE) -- 10/17/2018 -- Zion Market Research has published a new report titled "Industrial Protective Footwear Market By Material (Leather Footwear, Waterproof Footwear, Rubber Footwear, and Plastic Footwear) - By Type (Shoes and Boots) - By Application (Manufacturing, Construction, Mining, Oil & Gas, Chemicals, Food, Pharmaceuticals, and Transportation): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024". According to the report, the global industrial protective footwear market was valued at around USD 3,690.54 million in 2017 and is expected to reach approximately USD 5,960.34 million by 2024, growing at a CAGR of around 7.77% between 2018 and 2024.

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Protective footwear represents a wide range of foot protection. The rise in the use of industrial protective footwear over regular footwear may help in growth for the industrial protective footwear industry. Industrial workers are mainly choosing protective footwear due to its several benefits. Majority of the products are made from materials such as rubber, plastic, leather, etc. which are more comfortable and durable. The demand for the industrial protective footwear is growing rapidly due to its positive impact and the market is expected to grow at a rapid rate in the coming years.

The industrial protective footwear market is largely driven by increasing demand for products which are usually accepted by workers over the years. Growing concern about safety and security among industrial working people is prompting manufacturers to develop new products. The industrial protective footwear industry has grown extensively from a smaller base. Innovation and development in the products with more attractive and stylish forms are also driving the industrial protective footwear market. Government rules on the quality and the price of the products may hamper the global industrial protective footwear market growth over the forecast period.

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The global industrial protective footwear market can be segmented on the basis of type, material, and application. The material segment includes rubber footwear, waterproof footwear, leather footwear, and plastic footwear. The leather footwear held the largest share among all others. It contributed 45% of the market share of the total industrial protective footwear market revenue in 2016. Plastic footwear segment is the second most growing segment with growing CAGR. Based on the application, the industrial protective footwear market is classified into construction, mining, chemicals, oil & gas food, manufacturing, pharmaceuticals, and transportation. Growing awareness about the benefits of using protective footwear in industry sets a notable impact on the market.

The regional segmentation of industrial protective footwear consists of Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. Europe was the most governing region in terms of demand for industrial protective footwear market due to its benefits and comfort and due to the compulsion in the use of safety shoes in the work environment. Quality products are facing tough competition due to the rising acceptance of the economical shoes, which in turn, is anticipated to challenge the industry growth over the forecast year. The Asia Pacific is expected to be the most potential market for industrial protective footwear and is expected to set new revenue growth for industrial protective footwear product manufacturers.

The report includes comprehensive profiles of important key companies that work in the global industrial protective footwear market such as Oftenrich Holdings Co. Ltd., Honeywell Safety Products, Saina Corporation Co. Ltd., ELTEN GmbH, Jal Group, COFRA Holding AG, VF Corporation, UVEX Safety Group, Rahman Group, Rock Fall Ltd. The in-depth description of key players includes parameters such as company overview, key developments, business strategy, and financial overview of the company.

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This report segments the Global Industrial protective footwear Market as follows:

Global Industrial Protective Footwear Market: Material Segment Analysis

Leather footwear
Waterproof footwear
Rubber footwear
Plastic footwear

Global Industrial Protective Footwear Market: Type Segment Analysis

Shoes
Boots

Global Industrial Protective Footwear Market: Application Segment Analysis

Manufacturing
Construction
Mining
Oil & Gas
Chemicals
Food
Pharmaceuticals
Transportation