World Industrial Safety Footwear Market Share by 2032: Upcoming Trends and Analysis
According to an analysis by Future Market Insights (FMI), the industrial safety footwear market is expected to be valued at US$ 18.99 Mn in 2032, with a 6.3% CAGR during the forecast period. Rapid industrialization, along with expanding end-user sectors such as construction, mining, food, pharmaceuticals, and oil and gas, as well as rising government measures to improve worker safety, will propel the industrial safety footwear market forward. Furthermore, exceptional training programmes in conjunction with new stringent safety regulations will improve the safety equipment device over the projection period. There is a slight chance that low-quality products will be prevalent, which will indirectly increase workplace dangers due to poor product quality. Key Takeaways: With a market size of over USD 8.50 billion and a CAGR of over 6.5% over the forecast period, the leather industrial safety footwear market is expected to hold the largest share in 2020. In 2027, the construction indu