March 30, 2020
According to the research report titled ‘Europe Industrial Safety Footwear Market Size By Material, Application, Regional Outlook Application Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024’, available with Market Study Report LLC, the Europe industrial safety footwear market is projected to surpass USD 2.5 billion by the year 2024.
Growing demand for industrial safety footwear in pharmaceutical, utilities and food processing industries is a major factor driving the market growth. The product offers security and safety to workers and further reduces the risk and severity of injuries during operations. Shifting preferences towards FMCG products has enhanced the expansion rates of transportation, manufacturing and oil & gas industries, which in turn is creating lucrative opportunities for industrial safety footwear market in Europe.
The report states that the rubber based industrial safety footwear industry in Europe was worth USD 50 million in the year 2017 and is expected to grow significantly during the forecast period. Rubber footwear offers various benefits including chemical resistance, electric-hazard protection, strong grip and water resistance.
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Based on the application spectrum, the manufacturing segment is presumed to expand with a CAGR of 5% during 2018-2024. The product helps in protecting personnel from injuries caused by sharp objects, slipper floors and impact of heavy objects which further promotes worker safety.
The report cites that the industrial safety boots market segment in Europe is predicted to cross USD 510 million by the year 2024. Safety boots offer better protection to ankle, lower leg and feet. These products also offer fuel & concrete resistance, chemical protection and impermeability.
Plastic based industrial safety footwear market in France is expected to register a growth rate of 2% through 2024, primarily due to rapid industrialization and growing automobile, pharmaceutical and construction sector.
Uvex Group, Honeywell International, Dunlop Boots and JAL Group France are the some of the major companies operating in the industrial safety footwear market in Europe.
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