Safety Shoes Market by End-user and Geography - Forecast and Analysis 2020-2024

  • Published: Jul 2020
  • Pages: 120
  • SKU: IRTNTR44597
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The safety shoes market size has the potential to grow by USD 890.34 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by end-user (construction, chemical, manufacturing, mining, and others) and geography (APAC, North America, Europe, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Bata Brands SA, COFRA Srl, Dunlop Protective Footwear USA LLC, Honeywell International Inc., KARAM group, Liberty Shoes Ltd., Rock Fall (UK) Ltd., uvex group, VF Corp., and Wolverine World Wide Inc.

What will the Safety Shoes Market Size be in 2020?

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Who are the Major Safety Shoe Vendors?

The market is fragmented. Bata Brands SA, COFRA Srl, and Dunlop Protective Footwear USA LLC are some of the major market participants.  The vendors compete based on technological advances in safety shoe manufacturing. To gain a competitive edge over their competitors, the vendors increasingly focus on comfort, innovation, safety, and the aesthetic value of safety shoes. Although the rising instances of industrial accidents will offer immense growth opportunities, the rising availability of counterfeit products will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this safety shoes market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this safety shoes market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Bata Brands SA
  • 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.

Which are the Key Markets for Safety Shoes?

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APAC was the largest safety shoes market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as rapid industrialization and urbanization will significantly drive safety shoes market growth in this region over the forecast period.

43% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for safety shoes in APAC. Market growth in this region will be faster than the growth of the market in other regions.

What are the Major End-user Segments in the Safety Shoes Market?

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The rising need to improve occupational safety in the construction industry is driving the need for safety shoes for workers. Construction ventures in developing markets are likely to keep growing at a much quicker rate than that in advanced economies. The fastest growth would be seen in developing economies such as China and India. As a result, the safety shoes market share growth by the construction segment will be faster than the growth of the market by the other segments in the coming years. This report provides an accurate prediction of the contribution of all the segments to the growth of the safety shoes market size.

How will Industrial Accidents Influence Safety Shoes Market Growth?

The safety shoes market will register a CAGR of almost 3% by 2024. The rising instances of industrial accidents is one of the primary growth factors for this market. The increasing number of accidents across industries such as oil and gas, chemical, construction, and food processing is creating the need for safety attire and accessories, including safety shoes. Accidents across industries, especially the construction sector, are generally caused by falling of heavy objects over employees, slips, and falls. The construction industry witnesses the highest number of injuries and fatalities. Safety shoes are built to improve surface contact resistance and provide stability of posture while walking, which reduces the probability of falling on a slippery surface. The growth of end-user industries and the need to prevent accidents at the workplace are driving the sales of safety shoes. 

The increasing rate of ergonomically designed safety shoes is one of the latest safety shoes market trends. Ergonomically designed footwears have a greater influence on body weight and movement, which if not implemented can lead to several health issues accompanied by comfort and fit issues. Additionally, ergonomically designed safety shoes help in reducing strain and provide sufficient support to the feet. Such an ergonomic approach toward designing and manufacturing safety shoes will increase customer base and loyalty, contributing to market growth.

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What are the Key Factors Covered in this Safety Shoes Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive safety shoes market growth during the next five years
  • Precise estimation of the safety shoes market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the safety shoes industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of safety shoes market vendors

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Executive 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
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by end-user
  • Construction - Market size and forecast 2019-2024
  • Chemical - 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
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Bata Brands SA
  • 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.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The safety shoes market growth will increase by $890.34 million during 2019-2024.
The safety shoes market is expected to grow at a CAGR of 2.85% during 2019-2024.
Technavio has segmented the safety shoes market by end user (Construction, Chemical, Manufacturing, Mining, and Others) and geographic (APAC, North America, Europe, South America, and MEA).
Bata Brands SA, 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. are a few of the key vendors in the safety shoes market.
APAC will register the highest growth rate of 43.02% among the other regions. Therefore, the safety shoes market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the safety shoes market growth are:
  • Increase in safety standards
The safety shoes market vendors should focus on grabbing business opportunities from the construction segment as it accounted for the largest market share in the base year.
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