Thursday, 15 August 2013

Industrial Protective Footwear Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast (2013 - 2019)

Industrial Protective Footwear Market
The global industrial protective footwear market is witnessing substantial growth since the last decade and is expected to grow at a double digit rate. The industry can be segmented into leather footwear, waterproof footwear, and rubber/plastic footwear. Leather footwear dominates the industrial protective footwear segment. It can be also classified into safety shoes and safety boots. Some of the end-user industries include chemicals, oil and gas, construction, transportation, pharmaceuticals, food, and mining. Construction, manufacturing, and mining are the major industries consuming protective footwear. 

One of the key driving forces of the industrial protective footwear market is increasing industrial safety awareness in developing nations and high wear and tear of protective footwear. The Asia-Pacific region is growing at a faster pace owing to rapid industrialization and increasing awareness and regulations regarding use of protective footwear.

Occupational safety regulations mandate use of protective footwear which is propelling the demand for the industrial protective footwear market. The Asia-Pacific region dominates the protective footwear market followed by Europe and North America. China is the largest producer in the Asia-Pacific region. The emerging Asia-Pacific region is a major concern for developed countries. 

The major challenge faced by the industry is high prices of raw materials. Stringent environmental laws and regulations are hindering the growth of the industry. Some factors which are valued by end-users include high quality of the product, product design, safety and comfort, and economical pricing. The women protective footwear industry is in its nascent stage and provides ample opportunities to the manufacturers. Technological development, product innovation and design will further boost the protective footwear industry.

The global protective footwear industry is consolidated, due to mergers and acquisitions. The leading participants in the industry include Dunlop, R. G. Barry Corporation, Weyco Group, Yue Yuen, Aokang Group, and others.

This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  
This report provides comprehensive analysis of 
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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