Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4300 Million | USD 11200 Million | 8% | 2021 |
FrequentlyAsked Questions
An increase in industrial development, a rise in health concerns & safety protocols, and a rise in the regulations & rules by the authorities to preserve safety guidelines fuel market growth. A rapid shift in the mindset of manufacturers to focus on safety rather than piling up on profits drives market growth considerably.
According to the report by Zion Market Research, the global industrial protective footwear market was worth around $4300 million in 2021 and is predicted to grow to around $11200 million by 2028 at a CAGR rate of 8% over the forecast period.
Europe dominates as the largest contributor to the global industrial protective footwear market. This is due to the new introduction of occupational safety standards and the recent implementation of compliance regulations in any operational sector. This region is also filled with a high presence of manufacturing industries in all the countries which indirectly aids market growth here.
The key players in the global industrial protective footwear market are Bata Corporation, Honeywell International Inc, Wolverine World Wide Inc, Rahman Group, Dunlop Protective Footwear, VF Corporation, Saina Corporation Co. Ltd., UVEX Safety Group, Jal Group, Hewat’s Edinburgh, ELTEN GmbH, COFRA Holdings AG, Rock Fall Ltd, Oftenrich Holdings Co. Ltd
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