According to a forecast, Europe industrial safety footwear market size is likely to surpass US$ 2.5 billion by 2024. Some of the trends which will potentially help stakeholders boost the strategies are elucidated below.
A palpable surge in workplace injuries and burgeoning industrialization have spurred Europe industrial safety footwear market value. Notable presence of leading protective footwear manufacturers in France, Germany, Italy and Spain is in line with the robust growth of oil & gas, construction and mining industries.
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Traction for leather footwear is likely to be noticeable in the next five years as leading companies respond aggressively with developments in technology. Prominently, leather safety shoes are being equipped with advanced technology features to bolster safety, durability, and comfort.
Demand from construction industry to be pronounced
With heavy construction equipment & building materials causing serious injury to the feet, including chemical burns, fractures, puncture wounds and electric shocks, demand for safety footwear has risen dramatically. Europe industrial safety footwear market size from construction applications is likely to grow at a steady CAGR of around 4.5% through 2024.
Rising trend for skyscrapers has furthered the demand for shoes and boots to protect feet and ankles from injuries caused by heavy, sharp or falling objects, the trend is likely to continue in the next few years.
Traction from food companies to become noticeable
Demand for safety footwear in food industry is expected to be more pronounced as consumers preferences continue to shift towards FMCG products. These products provide security and safety to workers and prevent injuries and severity occurring in workplace. The footwear consists of safety boots, riggers, shoes, trainers to boost toe and metatarsal bone protection, puncture and electrical resistance.
Safety boots to gain impetus
Of late, footprint of safety boots has increased across the region given that they provide high protection to feet, ankle and lower leg. Not to mention, these boots offer upsides, including chemical protection, impermeability and concrete and fuel resistance. Europe industrial safety boots market is expected to exceed US$510 million by 2024.
Meanwhile, rubber safety footwear has further grown in stature in light of electric-hazard protection, strong grip, water resistance and chemical resistance. Europe rubber industrial safety footwear foot market was valued at more than US$50 million in 2017, the upward trajectory is likely to continue during the assessment period 2018-2024.
France to come up as a viable investment hub
Stakeholders are expected to infuse funds in France as penetration of plastics industrial safety footwear continues to grow against the backdrop of sustained growth witnessed in pharmaceutical, construction and automobile manufacturing. France plastics industrial safety footwear market is projected to grow moderately at nearly 2% by 2024.
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Industry players are also vying to boost their footprint in Portugal owing to the presence of leading protective shoes manufacturers. These companies have upped their focus on technological innovation, comfort level, design and reliability.
Notable rise in regulations mandating use of safety footwear in oil and gas, construction and mining companies will potentially fare well for stakeholders eyeing to expand their market presence across Europe.
Table of Contents (ToC) of the report:
Chapter 1.Methodology & Scope
- Industrial Safety Footwear Market scope & definitions
- Research methodology
Chapter 2.Executive Summary
Chapter 3.Industry Insights
- Industry segmentation
- Industry ecosystem analysis
- Industry impact forces
- Growth drivers
- Growth restraints
- Regulatory overview
- Porter’s analysis
- PESTEL analysis
- Competitive landscape, 2017
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