Technavio has been monitoring the safety shoes market and it is poised to grow by USD 890.34 million during 2020-2024, progressing at a CAGR of almost 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Download a Free Sample Report on COVID-19
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Technavio has announced its latest market research report titled Global Safety Shoes Market 2020-2024 (Graphic: Business Wire)
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the safety shoes market. The market growth in 2020 is likely to decrease compared to the market growth in 2019.
Frequently Asked Questions:
Based on segmentation by End-user, which is the leading segment in the market?
The construction segment will lead the market during the forecast period.
What are the major trends in the market?
Increasing rate of ergonomically designed safety shoes.
At what rate is the market projected to grow?
The market is projected to grow at a CAGR of almost 3% during 2020-2024.
Who are the top players in the market?
Bata Brands SA, COFRA Srl, Dunlop Protective Footwear USA LLC, Honeywell International Inc., KARAM group, Liberty Shoes Ltd., Rock Fall (UK) Ltd., uvex group, VF Corp., and Wolverine World Wide Inc. are the top players in the market.
What are the key market drivers and challenges?
The market is driven by the rising instances of industrial accidents. However, the rising availability of counterfeit products will hamper growth.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bata Brands SA, COFRA Srl, Dunlop Protective Footwear USA LLC, Honeywell International Inc., KARAM group, Liberty Shoes Ltd., Rock Fall (UK) Ltd., uvex group, VF Corp., and Wolverine World Wide Inc. are some of the major market participants. Although the rising instances of industrial accidents will offer immense growth opportunities, the rising availability of counterfeit products is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this safety shoes market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Safety Shoes Market 2020-2024: Segmentation
Safety Shoes Market is segmented as below:
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Safety Shoes Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The safety shoes market report covers the following areas:
Safety Shoes Market Size
Safety Shoes Market Trends
Safety Shoes Market Industry Analysis
This study identifies the increasing rate of ergonomically designed safety shoes as one of the prime reasons driving the Safety Shoes Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Safety Shoes Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist safety shoes market growth during the next five years
Estimation of the safety shoes market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the safety shoes market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of safety shoes market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019-2024
Five Forces Analysis
Five forces analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by End-user
Comparison by end-user
Construction - Market size and forecast 2019-2024
Chemical - Market size and forecast 2019-2024
Manufacturing - Market size and forecast 2019-2024
Mining - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by end-user
APAC - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market positioning of vendors
Bata Brands SA
Dunlop Protective Footwear USA LLC
Honeywell International Inc.
Liberty Shoes Ltd.
Rock Fall (UK) Ltd.
Wolverine World Wide Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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View source version on businesswire.com: https://www.businesswire.com/news/home/20201130005003/en/