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Nov 04, 2023

Safety Shoes Market to Record 4.9% of Y

News provided by 23 Sep, 2022, 17:15 ET Share this article NEW YORK, Sept. 23,

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23 Sep, 2022, 17:15 ET

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NEW YORK, Sept. 23, 2022 /PRNewswire/ -- Safety Shoes Market Facts at a Glance-

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According to the recent market study by Technavio, the Safety Shoes Market size is expected to increase by USD 1.64 billion from 2021 to 2026, with an accelerated CAGR of 5.78%. The report provides a detailed analysis of drivers and opportunities, top winning strategies, competitive scenario, future market trends, market size and estimations, and major investment pockets.

The rise in safety standards will compel end-user industries to adhere to safety practices such as the use of safety shoes. American National Standards Institute (ANSI) mandates the manufacturers of safety shoes to meet performance standards. This will promote workplace safety, which, in turn, will drive the global safety shoe market.

It is important to select appropriate shoes for the industrial requirement. Improper selection can pose several hazards, depending on the work undertaken by industries. It can result in foot-related problems such as corns, calluses, bunions, and hammertoes.

Safety shoes are ergonomically designed and provide protection and support to the natural movement of the human body. The design of these shoes is governed by parameters such as less strain on joint angles of the feet and even pressure distribution.

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The safety shoes market is fragmented, and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market. The key offerings of some of the vendors are listed below:

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The safety shoes market share growth in APAC will be significant during the forecast period. China and Japan are the key countries for the market in the region. The growth of the region is attributed to factors such as rapid industrialization and urbanization, which have led to growth in the automotive, construction, and manufacturing industries.

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Don't miss out on the opportunity to speak to our analyst and know more insights about this market report. Technavio can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

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Medical Footwear Market Growth, Size, Trends, Analysis Report by Type, Application, Region, and Segment Forecast 2022-2026: The medical footwear market share is expected to increase by USD 2.41 billion from 2021 to 2026.

Safety Shoes Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.78%

Market growth 2022-2026

USD 1.64 billion

Market structure

Fragmented

YoY growth (%)

4.9

Regional analysis

APAC, North America, Europe, South America, Middle East and Africa

Performing market contribution

APAC at 39%

Key consumer countries

US, China, Japan, Germany, and the UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Key companies profiled

Anbu Safety Industrial Co. Ltd., Bata Brands Sarl, COFRA Srl, Dunlop Protective Footwear, GABRI SAS DI MOLO SANTE and C., Honeywell International Inc., KARAM group, Liberty Shoes Ltd, Pezzol Industries Srl, RAHMAN GROUP, Rock Fall UK Ltd, SAFETYKING INDUSTRIAL FOOTWEAR M SDN BHD, Son of the Nature of Technology, uvex group, VF Corp., W. L. Gore and Associates Inc., Wolverine World Wide Inc., and Zain International

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse Consumer Discretionary Market Reports

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by End-user

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/

SOURCE Technavio