Industrial Protective Footwear Market

Industrial protective footwear market includes safety footwear used for worker’s safety across various industries such as construction, manufacturing, oil and gas, chemicals, and pharmaceuticals among others. Rise in the number of worker accidents coupled with the implementation of strict regulations are major factors driving the market currently. The market is expected to witness robust growth as the impact of these regulations is expected to increase in the coming years.

 

This report has been segmented by application and by country. The study highlights current market trends and provides the forecast from 2014 to 2020. We have also covered the current market scenario for industrial protective footwear and highlighted future trends that will have an impact on demand. By country, the market has been segmented into, i.e., Russia and Turkey. The present market size and forecast until 2020 has been provided in the report. The report also analyzes macro economic factors influencing and inhibiting growth of the industrial protective footwear market.

 

The others segment including agriculture, government usage, unorganized sector and small scale manufacturing utilities, is the largest application segment for industrial protective footwear in Russia. However, manufacturing is the fastest growing application segment for industrial protective footwear in Russia. The manufacturing segment was valued at USD 46.4 million in 2013. However, among the major application segment of industrial protective footwear in terms of volume, oil and gas held the largest share valued at 0.86 million pairs in 2013. Apart from this, the average selling price for construction segment was highest valued at USD 108.06 in 2013.

 

Among the major application segments, manufacturing held the largest market share. However, the food segment valued at USD 15.0 million in 2013 is the fastest growing application segment for industrial protective footwear in Turkey. The average selling price for industrial protective footwear in the others segment was the least valued at USD 39.22 in 2013.

 

Apart from this, government regulations are present in this region which acts as restraining forces for the new entrants to these markets. Apart from this, there are most favored nation rates and sales tax and other duties which are to be followed compulsorily by foreign manufacturers.

 

Major industry participants include Jal Group (Italy), Rahman Group (India.), Saina Group Co. Ltd. (China), Oftenrich Holdings Company Limited. (Taiwan), Cofra Holdings AG (Switzerland), Red Wing Shoe Company Inc. (U.S.) and Timberland LLC (U.S.) among others.