May 15, 2020
According to the research report titled ‘U.S. Slip Resistant Shoes Market for Restaurant Application By, By), By Restaurant Type, By Sales Channel, By Gender , By Shoe Type Industry Analysis Report, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, the U.S. slip resistant shoes market is expected to register a significant growth rate during 2020-2026.
Rising concerns regarding presence of sharp tools, knives, congested quarters, hot surfaces and slippery floors coupled with high occurrence rate of operational accidents in commercial kitchens are major factors driving the U.S. slip resistant shoes industry growth.
Operational hazards in kitchens can result in costly as well as disastrous accidents. Rising adoption of efficient foot protection solutions in order to reduce injuries in restaurants is further fueling the market expansion.
Elaborating on the restaurant type, casual dining segment is predicted to grow with a CAGR of 3.3% during 2020-2026, primarily due to escalating disposable income of consumers and rising number of casual restaurants. Meanwhile, family style restaurant segment held 20% revenue share in the recent past and is slated to record substantial growth during the study period.
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U.S. slip resistant shoes industry share from fast casual restaurants segment is expected to register 2.5% CAGR through 2026, owing to rising popularity of fast food chains across the region.
As per gender type, men slip resistant shoes market segment currently accounts for 45% revenue share and is poised to amass commendable gains in the forthcoming years. The growth is attributed to rising pay packages for men across the U.S.
In terms of shoe type, casual shoes segment is reckoned to showcase a y-o-y growth rate of 3.8% between 2020 and 2026. On the other hand, dress shoes segment accounts for 10% revenue share and is anticipated to grow with a CAGR of 8.5% during the forecast period, primarily due to high durability, comfort and grip of these shoes.
The prominent companies operating in U.S. slip resistant shoes market are Propet USA Inc., SR Max Slip Resistant Shoes, Bravo Shoes, Nanotech Ceramics Co. Ltd., Caleres Inc., Fila, Dockers Shoes, Skechers U.S.A. Inc., Clement Design USA, Birkenstock Digital GmbH, Keen Inc., Shoes for Crews LLC and Crocs Inc. among others.