ANZ Industrial Protective Footwear Market Outlook - 2026
The ANZ industrial protective footwear market size was valued at $55.0 million in 2018 and is projected to reach $77.2 million by 2026, registering a CAGR of 4.5% from 2019 to 2026. Industrial protective footwear is a durable shoe that has protective reinforcement, which protects the foot from compression, usually combined with a mid-sole plate to protect against punctures from below. The industrial protective footwear market size is segmented on the basis of standard, type, application, and country.
Industrial protective footwear manufacturers are constantly trying to develop innovative safety footwear, such as focusing on comfort and lightweight, to avoid foot fatigue and improve working conditions. Protective footwear is available in various shapes and sizes, and can maintain high durability as long as it is built with quality material and innovative technology. Innovative technologies in the footwear are underway to serve different functions such as slip resistance, reduction of foot fatigue and forefoot, and support for the arch and heel. The demand for safety footwear is expected to increase in the emerging markets such as Papua New Guinea, due to rise in regulatory actions with the support from International Labor Organization (ILO). Moreover, the innovative technologies in safety footwear in the untapped regions result in the growth in demand for footwear, owing to rise in awareness about personal protection
Industrial accidents at workplaces arise due to the unsafe behavior or unsafe conditions in factories. An accident at work is a mishap during the course of work, which leads to physical or mental harm. Non-fatal accidents at work are those that mean at least four full calendar days of absence from work (also called serious accidents at work). Fatal accidents at work are those that lead to the death of the victim within one year. There are some industries such as construction and mining where individuals are majorly exposed to occupational hazards as compared to other type of industries. This has the highest rate of fatal injuries out of all other industry sections. To avoid the accidents in the industrial working environment, government has laid strict rules and regulations for the usage of industrial protective footwear which is expected to have positive impact on ANZ industrial protective footwear market share.
By Type
Waterproof Footwear segments dominates the ANZ Industrial Protective Footwear market and is expected to retain its dominance throughout the forecast period.
The waterproof segment in the ANZ industrial protective footwear market generated the maximum revenue in 2017, as waterproof industrial protective footwear has wide application in construction, oil & gas, and chemical industries. Waterproof footwear is impermeable to all types of liquid mainly used in food service industrial environments where liquids may be hazardous. They are made of a material that does not soak water at all. Thus, when water comes in contact with a waterproof boot, the water does not sink into the fibers and the feet stay dry. The government has mandated several regulations related to occupational safety for workers, which encourages people to use personal protective footwear at the workplaces. The increase in regulatory actions with the support from International Labour Organization (ILO) help in the adoption of protective footwear. Moreover, increase in labor force due to rapid industrial development has enforced the government to impose strict rules for worker safety. Worker safety issues being addressed and industrialists are focused on improving the safety standards, which further increase the demand for safety footwear in Australia and Papa New Guinea country.
By Application
Oil & Gas segment is projected to grow with fastest CAGR during the forecast period
Based on application, construction segment in the ANZ industrial protective footwear market generated the maximum revenue in 2017. There is an increase in the demand for personal protective footwear in the construction industry owing to rise in awareness among workers. In addition, rapid growth of industrialization in countries such as Papua New Guinea is expected to increase ANZ industrial protective footwear market demand. Moreover, strict government rules and regulations in countries such as Australia and New Zealand is expected to contribute toward the ANZ industrial protective footwear market share
By Country
Austrlia dominates the ANZ Industrial Protective Footwear market and is expected to grow with a CAGR of 4.6% during the forecast period
Based on country, the Australia industrial protective footwear market was valued at $41 million in 2018 and is expected to garner $58 million in 2026, registering at a CAGR of 4.6% during ANZ industrial protective footwear market growth. Papua New Guinea industrial protective footwear market is expected to grow at a highest CAGR of 6.1%, and is anticipated to reach $5 million by 2026. Key players operating in the ANZ industrial protective footwear industry are Bata Industrials Australia, Blundstone Footwear, Dewalt, Dunlop, Honeywell International Inc., OFTENRICH HOLDINGS COMPANY LIMITED, Redback boots, Safeworx, Skellerup Industries Limited, and Steel Blue.
Key Benefits for ANZ Industrial Protective Footwear Market:
- This report provides a quantitative analysis of the current ANZ industrial protective footwear market trends and estimations, and dynamics of the ANZ industrial protective footwear market size through 2019-2026, which assist in identifying the prevailing industrial protective footwear market segment opportunities.
- Comprehensive ANZ industrial protective footwear market analysis of factors that drive and restrict the ANZ industrial protective footwear market growth is provided.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- Major countries in each region are mapped according to individual revenue contribution in industrial protective footwear market. Market player positioning provides a clear understanding of the position of leading companies.
ANZ Industrial Protective Footwear Market Report Highlights
| Aspects | Details |
 By Standard |
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 By Type |
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 By Application |
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 By Country |
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 Key Market Players | HONEYWELL INTERNATIONAL INC., DUNLOP, OFTENRICH HOLDINGS COMPANY LIMITED, BATA INDUSTRIALS AUSTRALIA, BLUNDSTONE FOOTWEAR, SKELLERUP INDUSTRIES LIMITED, SAFEWORX, DEWALT (STANLEY BLACKER AND DECKER), REDBACK BOOTS, STEEL BLUE |
Analyst Review
The ANZ industrial protective footwear market holds a substantial scope for growth in developing country such as Papa New Guinea owing to rise in oil & gas sector in the country. Rise in health concerns and occupational safety in many countries increase the use of safety shoes in various industries. Rapid industrial development has led to rise in the number of worker accidents along with the implication of strict regulations. High demand for safety footwear in the industries such as manufacturing, construction, oil & gas, chemicals, food, mining, pharmaceuticals, and transportation boosts the market growth. The introduction of technological advanced footwear is expected to grow the market scenario. Untapped geographical regions offer ample of opportunities for the development of industrial personal protection products including footwear. Numerous players are entering the industrial protective footwear market with innovative technologies in safety footwear. Emerging product TYPE such as waterproof footwear, rubber footwear, leather footwear, and plastic footwear are expected to increase the competition in the future.
The forecast period of ANZ Industrial Protective Footwear market report is from 2019 to 2025.
The ANZ Industrial Protective Footwear market was valued at $56.7 million in 2019
The report covers detailed profiling of key companies operating in the market including Nestlé S.A., Danone, Plum, PBC, Hain Celestial, Diana Group, Mead Johnson & Company, LLC, Abbott, Loblaws Inc., among others
Top companies holding significant market share are Nestlé S.A., Danone, Plum, Abbott Inc. etc
The Waterproof footwear segment of the report is expected to growth at a healthy CAGR during the forecast period
There is an increase in the demand for personal protective footwear in various industries, such as the construction, petrochemicals, oil & gas, and manufacturing industries, for the protection and safety of the workforce.
"EN ISO 20345 accounts for nearly 89.80% of the total market share. EN ISO 20345 also known as “EN ISO 20345 Personal Protective Equipment – Safety Footwear” sets standards or minimum requirement for protection of worker foot in the industrial working environment."
Leather Waterproof Footwear segment of the report hold maximum market share in 2019.
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