Unbreakable Shoes Market Trends

Growth Drivers

• Lack of Awareness Towards Safety to Drive the Market Growth: The industrial sector across the world is improving at a fast pace owing to the advancement in technologies and favorable government policies. Industries such as construction, mining and chemical etc. are more vulnerable to hazardous working environments. Also, they are bound to follow strict work safety guidelines and procedures, which comprises of putting on robust shoes and helmets.  As per the National Safety Council (NSC), every 7 seconds, a worker is injured on the job. A minute negligence in obeying the safety guidelines results in accidents like oil slips, tripping off and sometimes even fatalities. On the back of these factors, the market is predicted to grow over the forecast period.
• Rising Safety Concerns for Athletes to Boost the Market Growth: Increasing concern by sports athletes and gymnasts towards the prevention of their sports related injuries are fueling the demand for unbreakable shoes. Additionally, improving overall efficiency of the athletic trainees in increasing their agility by putting on lightweight and comfortable shoes is a major factor which further fuels the unbreakable shoes industry. Such a factor is anticipated to significantly expand the unbreakable shoes market.

Challenges

• High Costs and Increase in Automation to Hamper the Market Growth: The potential factor that can affect the market of unbreakable shoes market is their price. A typical unbreakable shoe starts from 75 USD to 174 USD and higher. Additionally, increase in automation technology is leading to a corresponding decline in number of factory labors and site engineers in manufacturing and construction sites respectively, which is a major challenge to the growth of unbreakable shoes market.