Industrial Protective Footwear Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $$5,981 Million by 2022, registering a CAGR of 7.5% during the forecast period 2016-2022. The leather industrial protective footwear segment accounted for more than four-fifths of the total industrial protective footwear market revenue in 2015.
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The market includes footwear designed to assure workers safety in industries such as construction, manufacturing, chemical, and others. Rise in health concerns and occupational safety issues have increased the use of industrial protective footwear.
Industrialists focus on improving the safety standards owing to increased worker safety issues, thus fueling the demand for safety footwear globally.
In addition, introduction of innovative products and expansion in untapped geographies offer new opportunities for the market players.
The growth of global industrial protective footwear market is driven by rapid industrial development, rise in the number of workplace accidents, and stringent government regulations regarding workers safety.
However, lack of awareness toward safety and security of workers in small- and mid-sized industries, majorly in developing economies, restrains the market growth.
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