Safety shoes market size is set to grow by USD 1.64 billion from 2021-2026; An increase in safety standards will boost the market- Technavio

NEW YORK, March 28, 2023

NEW YORK, March 28, 2023 /PRNewswire/ -- The global safety shoes market size is estimated to grow by USD 1.64 billion from 2021 to 2026, according to Technavio. The market is estimated to grow at a CAGR of 5.78% during the forecast period. An increase in safety standards is driving the growth of the market significantly. Increased safety standards by regulators force end-user industries to adhere to safety practices such as the use of safety shoes. Non-adherence to the guidelines may result in heavy penalties issued by regulatory bodies such as OSHA. The American National Standards Institute (ANSI) requires manufacturers of safety shoes to meet performance standards. The organization has specified various standards that safety shoe manufacturers must meet. The need to manufacture work safety shoes that meet standards set by regulatory agencies increases wearer safety. This will promote workplace safety and the popularity of use, which, in turn, will provide impetus to the global safety shoe market. For more insights on the market - Request a sample report

Global Safety Shoes Market – Market Dynamics

Leading trends influencing the market

The ergonomically designed safety shoes are a safety shoe market trend that is expected to have a positive impact in the coming years.
Safety shoes are ergonomically designed, which aims to provide protection and support to the natural movement of the human body.
Meeting the ergonomic criteria for personal protective equipment such as safety shoes is an essential criterion. It makes the manufacturers accountable for ensuring the safety of use, health and hygiene of the wearer, and ergonomic properties of their protective products.
The shoes are to be ergonomically designed, as they have a greater influence on body weight and movement, failing which can lead to several health issues accompanied by comfort and fit issues.
The design of the shoes is governed by parameters such as even pressure distribution and less strain on the joint angles of the feet.
Such factors will increase the market growth during the forecast period.

Major challenges hindering the market growth

The improper selection of shoes will be a major challenge for the safety shoe market during the forecast period.
Safety shoes are of different types and are designed to protect against specific threats. Therefore, choosing the right shoes that meet the needs of the industry is imperative.
Safety footwear manufacturers and retailers should provide guidance and sufficient information on safety footwear to enable end users to make the right purchase choices.
Sometimes it becomes tedious for manufacturers and retailers to supervise the selection process of safety shoes.
Improper selection of safety shoes can pose several hazards, depending on the type of work being done in the industry. It can lead to other foot problems such as bunions, corns, calluses, and hammer toes.
Moreover, it can even cause discomfort in your legs, hips, and back. Such factors will hinder the market growth during the forecast period.

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Global Safety Shoes Market – Vendor Landscape

Technavio has extensively analyzed 15 major vendors, including 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.

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Global Safety Shoes Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on end-user (construction, chemicals, manufacturing, mining, and others).

The construction segment will account for a significant share of the market growth during the forecast period. The construction industry has the highest number of fatalities because it faces multiple hazards. Increasing construction activities in countries such as the US, China, and India, coupled with the rising number of workplace accidents are fueling the adoption of safety shoes in the segment to improve occupational safety. Emerging market construction companies are likely to continue to grow much faster than their developed counterparts. The fastest-growing markets are emerging markets such as China and India. In addition to APAC, North America is also seeing strong growth, especially in the residential sector. The reason for the boom is the demand for multifamily housing, which is creating a lucrative opportunity in the market along with the development of the state's infrastructural amenities.

Geography Overview
By geography, the global safety shoes market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global safety shoes market.

APAC is estimated to contribute 39% to the growth of the global market during the forecast period. APAC contains some of the fastest-growing economies in the world, such as China, India, and Japan. Economic growth is accelerating in these countries, increasing spending on infrastructure and industrial development. These factors are driving the demand for passenger cars. In recent years, rapid economic development in emerging markets has led to higher per capita incomes, increased consumer purchasing power, and increased vehicle sales. The growth of the automotive industry in APAC can be attributed to the growing consumer base in the region. The increasing demand for automobiles has led multinational companies to expand their manufacturing facilities in various countries such as India. Hence, the growth of APAC's automotive industry will subsequently increase the demand for safety shoes and drive the growth of the regional market during the forecast period.

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What are the key data covered in this Safety Shoes Market report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the safety shoes market between 2022 and 2026
Precise estimation of the safety shoes market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the safety shoes market across APAC, North America, Europe, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of safety shoes market vendors

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Safety Shoes Market Scope
Report Coverage	Details
Base year	2021
Growth momentum & CAGR	Accelerate at a CAGR of 5.78%
Market growth 2022-2026	USD 1.64 billion
Market structure	Fragmented
YoY growth 2021-2022 (%)	4.9
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 39%
Key countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
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 for Technavio Consumer Discretionary Market reports

Table of contents

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

5.1 Market segments

Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

5.2 Comparison by End-user

Exhibit 26: Chart on Comparison by End-user
Exhibit 27: Data Table on Comparison by End-user

5.3 Construction - Market size and forecast 2021-2026

Exhibit 28: Chart on Construction - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Construction - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Construction - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Construction - Year-over-year growth 2021-2026 (%)

5.4 Chemical - Market size and forecast 2021-2026

Exhibit 32: Chart on Chemical - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Chemical - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Chemical - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Chemical - Year-over-year growth 2021-2026 (%)

5.5 Manufacturing - Market size and forecast 2021-2026

Exhibit 36: Chart on Manufacturing - Market size and forecast 2021-2026 ($ million)
Exhibit 37: Data Table on Manufacturing - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Chart on Manufacturing - Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Manufacturing - Year-over-year growth 2021-2026 (%)

5.6 Mining - Market size and forecast 2021-2026

Exhibit 40: Chart on Mining - Market size and forecast 2021-2026 ($ million)
Exhibit 41: Data Table on Mining - Market size and forecast 2021-2026 ($ million)
Exhibit 42: Chart on Mining - Year-over-year growth 2021-2026 (%)
Exhibit 43: Data Table on Mining - Year-over-year growth 2021-2026 (%)

5.7 Others - Market size and forecast 2021-2026

Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.8 Market opportunity by End-user

Exhibit 48: Market opportunity by End-user ($ million)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 50: Chart on Market share by geography 2021-2026 (%)
Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 52: Chart on Geographic comparison
Exhibit 53: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026

Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 North America - Market size and forecast 2021-2026

Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.5 Europe - Market size and forecast 2021-2026

Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026

Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026

Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 China - Market size and forecast 2021-2026

Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)

7.10 Japan - Market size and forecast 2021-2026

Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.11 Germany - Market size and forecast 2021-2026

Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.12 UK - Market size and forecast 2021-2026

Exhibit 90: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 91: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 92: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 93: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography

Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 95: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 96: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 97: Overview on factors of disruption

9.4 Industry risks

Exhibit 98: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 99: Vendors covered

10.2 Market positioning of vendors

Exhibit 100: Matrix on vendor position and classification

10.3 Bata Brands Sarl

Exhibit 101: Bata Brands Sarl - Overview
Exhibit 102: Bata Brands Sarl - Product / Service
Exhibit 103: Bata Brands Sarl - Key offerings

10.4 COFRA Srl

Exhibit 104: COFRA Srl - Overview
Exhibit 105: COFRA Srl - Product / Service
Exhibit 106: COFRA Srl - Key offerings

10.5 Dunlop Protective Footwear

Exhibit 107: Dunlop Protective Footwear - Overview
Exhibit 108: Dunlop Protective Footwear - Product / Service
Exhibit 109: Dunlop Protective Footwear - Key offerings

10.6 Honeywell International Inc.

Exhibit 110: Honeywell International Inc. - Overview
Exhibit 111: Honeywell International Inc. - Business segments
Exhibit 112: Honeywell International Inc. - Key news
Exhibit 113: Honeywell International Inc. - Key offerings
Exhibit 114: Honeywell International Inc. - Segment focus

10.7 KARAM group

Exhibit 115: KARAM group - Overview
Exhibit 116: KARAM group - Product / Service
Exhibit 117: KARAM group - Key offerings

10.8 Liberty Shoes Ltd

Exhibit 118: Liberty Shoes Ltd - Overview
Exhibit 119: Liberty Shoes Ltd - Product / Service
Exhibit 120: Liberty Shoes Ltd - Key offerings

10.9 Rock Fall UK Ltd

Exhibit 121: Rock Fall UK Ltd - Overview
Exhibit 122: Rock Fall UK Ltd - Product / Service
Exhibit 123: Rock Fall UK Ltd - Key offerings

10.10 uvex group

Exhibit 124: uvex group - Overview
Exhibit 125: uvex group - Business segments
Exhibit 126: uvex group - Key offerings
Exhibit 127: uvex group - Segment focus

10.11 VF Corp.

Exhibit 128: VF Corp. - Overview
Exhibit 129: VF Corp. - Business segments
Exhibit 130: VF Corp. - Key news
Exhibit 131: VF Corp. - Key offerings
Exhibit 132: VF Corp. - Segment focus

10.12 Wolverine World Wide Inc.

Exhibit 133: Wolverine World Wide Inc. - Overview
Exhibit 134: Wolverine World Wide Inc. - Business segments
Exhibit 135: Wolverine World Wide Inc. - Key offerings
Exhibit 136: Wolverine World Wide Inc. - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 137: Inclusions checklist
Exhibit 138: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 139: Currency conversion rates for US$

11.4 Research methodology

Exhibit 140: Research methodology
Exhibit 141: Validation techniques employed for market sizing
Exhibit 142: Information sources

11.5 List of abbreviations

Exhibit 143: List of abbreviations

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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 consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. 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.

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