Research Projects Protective Footwear Market to Grow 7.5 Percent Annually
A new report has shown an increase in industrial accidents coupled with workplace safety and rapid global development has increased demand for footwear.
The global industrial protective footwear market is set to increase at a compound annual growth rate (CAGR) of 7.5 percent between 2016 and 2022, according to a new report published by Allied Market Research.
As of 2015, the global market is valued at $3.5 billion, with Europe and North America leading in sales. In 2015, the two countries collectively accounted for more than half of the total industrial protective footwear market size, and are expected to continue this trend during the researchers’ forecast period.
