Demand for Protective Boots Set for a Massive Hit in and Post 2020, with Corona Virus Outbreak Projected to Threaten Global Market

Protective boots are shoes which provide foot protection to workers at workplaces. Also known as personal protective equipment, it protects the feet from direct compression threats, sharp edges, hot objects, slippery surface, and from chemicals etc. It is also helpful in bad weather conditions and in muddy areas. These boots are available in various models such as steel toe, gumboots, chemical safety shoe, heat resistant safety shoe etc.

Key factors driving the protective boots market include industrial expansion, rise in number of accidents at workplaces, launching of innovative protective boots, strict safety rules and regulations imposed by different governments, and rise in infrastructural development. Evolution in the e-commerce industry has created immense opportunities for producers and suppliers in the industry. In order to cater to a comprehensive range of customers across the globe, manufacturers and distributors of protective boots are focusing on selling their products on e-commerce websites.This factor is anticipated to create huge growth opportunities for the market during the forecast period. Promotion of protective boots through various online channels is also projected to offer lucrative opportunities to the protective boots market in the next few years. On the other hand, unawareness among laborers about protective or safety boots in small & medium scale industries in emerging economies is one of the major factors hampering the protective boots market.

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The global protective boots market can be segmented based on product, application, distribution channel, and region. In terms of product, the market can be categorized into waterproof boots, rubber boots, leather boots, and plastic boots. Based on application, the market can be divided into manufacturing, construction, mining, oil & gas, chemicals, food, pharmaceuticals, and transportation. In terms of distribution channel, the market can be bifurcated into online and offline. Based on region, the global protective boots market can be segregated into North America, Europe, Asia Pacific, South America, and, Middle East & Africa. The market in Europe is anticipated to be the biggest market for protective boots on the basis of revenue in the near future. Rise in usage of waterproof protective boots among laborers across different sectors is expected to boost the demand for protective boots during the forecast period. Stringent workplace safety rules and regulations implemented by governments, expansion plans in industries such as construction, oil & gas, pharmaceuticals, and transportation are some of the major factors responsible for the growth of the protective boots market in North America. The protective boots market in Asia Pacific is estimated to expand at a considerable pace during the forecast period due to increase in number of accidents at construction sites and strict implementation of safety norms. Developing countries such as Japan, India, and China have a large number of ongoing infrastructure development projects. This factor is expected to augment the demand for protective boots in these countries from 2018 to 2026. The market in Middle East & Africa and South America is projected to show moderate growth in the near future, with tough competition between the brands in the market. Product innovation, launch of new products, rise in promotional activities, and growth in fast moving consumable goods industry are likely to boost the demand for protective boots in the region during the forecast period.

Prominent players operating in the global protective boots market are Honeywell Safety Products, VF Corporation, Dunlop Protective Footwear, COFRA Holding AG, Bata Industrials, Rahman Group, Saina Corporation Co. Ltd., UVEX Safety Group, Jal Group, Rock Fall Ltd., Oftenrich Holdings Co. Ltd., and, ELTEN GmbH. These players are anticipated to face healthy competition in the near future, due to presence of a large number of local players in the market. Major brands are likely to focus on innovation of new products and research & development activities to strengthen their foothold in the global protective boots market. Companies are undertaking mergers and acquisitions, and joint ventures with local players to expand their product portfolio. Producers in developing countries are focusing on reducing their cost of production and increase profitability for the sustainable growth of the business.

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