INDUSTRIAL PROTECTIVE FOOTWEAR MARKET ANALYSIS

Market Challenges And Opportunities

Global Industrial Protective Footwear Market: Restraints

Availability of low-quality products and many small players

Availability of low-quality product in the market due to the increasing number of local manufacturers is expected to hinder the market growth of industrial protective footwear. Due to the availability of low-quality product premium brands are facing stiff competitions and thus cannot compete with these local players. This is expected to hamper the market growth.

Market Opportunity-

The advent of advanced protective footwear due to technological advancements is expected to bring new market growth opportunities to the market of industrial protective footwear. For instance, in September 2019, From 15th to 17th November 2022 the International Exhibition for Protection and SAFETY - EXPOPROTECTION will took place in Paris, France. The international trade fair unites exhibitors from the fields of workplace safety, firefighting and prevention.

Increasing fatal accidents in the construction industry are driving the demand for personal care protection equipment and this is expected to boost opportunities for the market. This is also attributed to growth in the construction industry due to the increasing construction of new buildings and remodeling of infrastructure across developing regions. Thus, the growing demand for personal care protective equipment in the construction industry is expected to foster the market growth of industrial protective footwear.