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COVID-19 Drives North American Protective Footwear Market to Streamline Supply Chains and Pursue Inorganic Growth
COVID-19 Drives North American Protective Footwear Market to Streamline Supply Chains and Pursue Inorganic Growth
Elevated Market Competition Creates a Wave of Mergers & Acquisitions
26-Mar-2021
North America
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Description
This research presents an assessment of the current status and future prospects of the North American protective footwear market. In 2020, the market generated revenue of $2,134.0 million; the safety shoes segment accounted for 60.1% of that and will experience strong revenue generation, albeit marginally, during the forecast period, driven by high adoption in the construction, manufacturing, transport, and hospitality sectors.
Construction, manufacturing, and oil and gas (O&G) were the three major end-use industries, accounting for 15.8%, 14.1%, and 12.9% revenue share, respectively. However, O&G was the most severely affected by the COVID-19 pandemic. The major growth restraints were temporary closure of fields during the peak months of the pandemic, reduced demand, and a drop in crude oil prices.
The United States accounted for 87.5% market revenue share. The country will experience a compound annual growth rate of (CAGR) of 3.7% from 2020 to 2025. Post-pandemic growth will be driven by strict safety compliance enforced by employers looking to safeguard their workers’ health. Manufacturers will streamline supply chains and pursue inorganic growth to ensure sustainability.
Adoption of protective footwear with improved anti-slip and metatarsal protection is a major technology trend: the high incidence of injuries caused by slips and trips and from falling objects has boosted demand for protective footwear with these properties. Also, end-user preference for athletic, lightweight, and easy on-and-off protective footwear has increased. Manufacturers are investing in research and development (R&D) to create products that offer adequate safety with better comfort and breathability.
Research Scope
This report analyzes the impact of the COVID-19 pandemic on demand for personal protective equipment (PPE) in the North American protective footwear market.
Market forecasts cover revenue generated from protective footwear sales in North America (Canada and the United States) between 2017 and 2025. Revenue is recorded in US dollars and is accounted for at the manufacturer level.
End-use industries include construction; manufacturing; O&G; food processing; chemical processing; transport; and others, namely agriculture, pharmaceuticals, utilities, mining, healthcare, and hotels-restaurant-catering (HoReCa).
For the purpose of this research, protective footwear is classified as a product worn to protect the wearer from foot injury hazards. The products are segmented by safety shoes and safety boots.
Discussions include market drivers and restraints; industry, product, and technology trends; material innovations; competitive landscape, and growth opportunities.
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on the Protective Footwear Market
Growth Opportunities Fuel the Growth Pipeline Engine™
Key Findings
Protective Footwear Market Scope of Analysis
Protective Footwear Market Segmentation
Key Growth Metrics for Protective Footwear Market
Distribution Channels for Protective Footwear Market
Growth Drivers for Protective Footwear Market
Growth Restraints for Protective Footwear Market
Forecast Assumptions, Protective Footwear Market
Key Competitors for Protective Footwear Market
Industry Trends, Protective Footwear Market
Protective Footwear Market: Product Overview
Product Trends, Protective Footwear Market
Technology Trends, Protective Footwear Market
Material Innovations, Protective Footwear Market
Regulatory Compliance Overview: Protective Footwear Market
End-use Industry Overview: Protective Footwear Market
End-use Industry Overview: Protective Footwear Market (continued)
Revenue and Unit Shipment Forecast, Protective Footwear Market
Pricing Analysis, Protective Footwear Market
Pricing Analysis, Protective Footwear Market (continued)
Revenue Forecast by Product, Protective Footwear Market
Percent Revenue Forecast by Product, Protective Footwear Market
Percent Unit Shipment Forecast by Product, Protective Footwear Market
Revenue and Unit Shipment Forecast Analysis, Protective Footwear Market
Revenue Forecast by Country, Protective Footwear Market
Revenue Forecast by Country Analysis, Protective Footwear Market
Revenue Forecast by End-use Industry, Protective Footwear Market
Competitive Environment, Protective Footwear Market
Market Share, Protective Footwear Market
Market Share Analysis, Protective Footwear Market
Competitive Factors Assessment, Protective Footwear Market
Competitive Factors Assessment, Protective Footwear Market (continued)
Competitive Factors Assessment, Protective Footwear Market (continued)
Key Growth Metrics for Safety Shoes
Revenue and Unit Shipment Forecast, Safety Shoes
Revenue and Unit Shipment Forecast Analysis, Safety Shoes
Pricing Forecast Analysis, Safety Shoes
Revenue Forecast by Country, Safety Shoes
Revenue Forecast by End-use Industry, Safety Shoes
Revenue Forecast Analysis by End-use Industry, Safety Shoes
Competitive Environment, Safety Shoes
Competitive Analysis, Safety Shoes
Key Growth Metrics for Safety Boots
Revenue and Unit Shipment Forecast, Safety Boots
Revenue and Unit Shipment Forecast Analysis, Safety Boots
Pricing Forecast Analysis, Safety Boots
Revenue Forecast by Country, Safety Boots
Revenue Forecast by End-use Industry, Safety Boots
Revenue Forecast by End-use Industry Analysis, Safety Boots
Competitive Environment, Safety Boots
Competitive Analysis, Safety Boots
Growth Opportunity 1: Merger & Acquisition Opportunities to Streamline Business Processes, 2021
Growth Opportunity 1: Merger & Acquisition Opportunities to Streamline Business Processes (continued)
Growth Opportunity 2: Safety Footwear Programs to Provide Sustainable Growth, 2021
Growth Opportunity 2: Safety Footwear Programs to Provide Sustainable Growth (continued)
Partial List of Companies in “Others”
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
Related Research
Popular Topics
Research Scope
This report analyzes the impact of the COVID-19 pandemic on demand for personal protective equipment (PPE) in the North American protective footwear market.
Market forecasts cover revenue generated from protective footwear sales in North America (Canada and the United States) between 2017 and 2025. Revenue is recorded in US dollars and is accounted for at the manufacturer level.
End-use industries include construction; manufacturing; O&G; food processing; chemical processing; transport; and others, namely agriculture, pharmaceuticals, utilities, mining, healthcare, and hotels-restaurant-catering (HoReCa).
For the purpose of this research, protective footwear is classified as a product worn to protect the wearer from foot injury hazards. The products are segmented by safety shoes and safety boots.
Discussions include market drivers and restraints; industry, product, and technology trends; material innovations; competitive landscape, and growth opportunities.
| No Index | No |
|---|---|
| Podcast | No |
| Predecessor | NA30-01-00-00-00 |
| Author | Anjan Kumar Roy |
| Industries | Personal Protective Equipment |
| WIP Number | K5DD-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9100-A2,9946-A2,9310,9595 |