Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Industrial Protective Footwear Market size was over USD 11.46 billion in 2024 and is projected to reach USD 24.15 billion by 2037, growing at around 5.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of industrial protective footwear is evaluated at USD 12.03 billion.
The growth of the market can be attributed to factors such as rise in demand for premium quality safety shoes, increasing number of worker accidents and growing innovations by companies to develop effective protective shoes. On an average, more than 2 million people in the world succumb to workplace accidents every year. In addition to these, stringent government regulations to ensure the safety of workers in manufacturing units is also expected to steer the growth of the market in the near future. Modernization is another crucial aspect anticipated to offer profitable opportunities to key players over the forecast period.
