San Francisco, California, May 08, 2017: A recent report by TMR Research presents a detailed analytical overview of the global market for safety footwear. The report, titled “Industrial Safety Footwear Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025,” presents a qualitative as well as quantitative view of the present growth dynamics of the market and forecasts its growth potential over the period between 2017 and 2025.
The market is chiefly driven due to stringent regulations regarding employee and workplace safety across industries such as pharmaceuticals, oil and gas, construction, food and beverages, chemicals, and manufacturing, where employees are persistently exposed to various hazards that can have debilitating effect on their health and wellness. While developed economies across Europe and North America has several regulations in place in this regard, developing economies across regions such as Asia Pacific and Latin America are also instigating industrial safety regulations at a rapid pace.
Active contribution of government bodies in ensuring that safety regulations are followed in industrial spaces and rising awareness among employees about their rights are also spurring the global demand for industrial safety footwear. These factors are expected to continue to drive the market in the next few years as well.
From a geographical viewpoint, the market for industrial safety footwear has been covered in the report for regional markets such as North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. Of these, the Europe market presently holds the position of the leading contributor of revenue to the global market, serving the maximum demand for safety footwear for a number of industries. Asia Pacific also holds a commanding position in the global industrial safety footwear market, thanks to its thriving industrial sector and established industries such as consumer electronics and automotive.
Asia Pacific is expected to emerge as one of the most promising investment destinations for companies in the global industrial safety footwear market owing to the stiffening workplace safety norms across the industrial sector in emerging economies such as India and China. North America is a mature market owing to stringent workplace safety norms and showcases the presence of some of the most prominent vendors in the field. Rising demand for industrial safety footwear from the U.S. and Canada will ensure healthy growth of the North America industrial safety footwear market in the near future.
The vendor landscape of the global industrial safety footwear market is intensely competitive and features the presence of a large number of domestic and international vendors. Some of the leading companies operating in the market are Rock Fall, Uvex Group, Dunlop Boots, V.F. Corporation, Honeywell International, Hewats Edinburgh, Bata Industrials, Liberty Group, JAL Group, Simon Corporation, and COFRA.