SAN FRANCISCO, June 16, 2016 /PRNewswire/ --
The global industrial protective footwear market size is expected to reach USD 6.56 billion by 2024, according to a new report by Grand View Research, Inc. The substantial growth prospects of the market can be attributed to the rising number of worker accidents across global organizations.
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Comfort, innovation, safety, and aesthetic value are the key characteristics of the industrial safety footwear. The global shoe manufacturers over the years have been striving to integrate these features into their products in order to offer improved safety in the workplace as well as provide comfort to workers. Industrial protective shoes have been facing a substantial demand from various industries to avoid fatalities and accidents in the workplace.
With a paradigm shift towards worker safety instead of maximizing profits, a huge demand has been created for protective footwear in hazardous work environments and is anticipated to drive the industry over the forecast period.
In the recent years, safety wear has emerged as an increasingly preferred choice for many companies. These safety products are essential for the prevention and protection against occupational fatalities to workers as well as for the prevention of legal action towards organizations.
However, the high sale volume of spurious and cheap products in the industry is envisioned to challenge the industry growth in the near future. Furthermore, due to the increasing popularity and rising demand for premium branded safety shoes, these products become the sole target for counterfeiting. Thus, high sales volume of counterfeit and low-quality products are expected to challenge the industry growth.
Browse full research report with TOC on "Industrial Protective Footwear Market Analysis By Product (Leather, Waterproof, Rubber, Plastic), By Application (Construction, Manufacturing, Mining, Oil and Gas, Chemicals, Food, Pharmaceuticals, Transportation) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/industrial-protective-footwear-market
Further key findings from the report suggest:
Grand View Research has segmented the global industrial protective footwear market on the basis of product, application, and region.
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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