January 15, 2024 08:14 ET | Source: Technavio Technavio
New York, Jan. 15, 2024 (GLOBE NEWSWIRE) -- The safety shoes market is estimated to grow by USD 2.30 billion from 2023 to 2028, growing at a CAGR of 7.11%. The safety shoes market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer safety shoes market are Anbu Safety Industrial Co. Ltd., Bata Brands Sarl, Boskalis, Caterpillar Inc., Dunlop Protective Footwear, Footwear Industries Pty Ltd., Gabri Sas co of MOLO SANTE and C., Honeywell International Inc., KARAM group, Liberty Shoes Ltd., Pezzol Industries Srl, RAHMAN GROUP, Red Wing Brands of America Inc., SAFETYKING INDUSTRIAL FOOTWEAR M SDN BHD, UVEX WINTER HOLDING GmbH and Co. KG, VF Corp., Wolverine World Wide Inc., Carhartt Inc., W. L. Gore and Associates Inc., and Zain Group. The report provides a full list of key companies, their strategies, and the latest developments. Download a Free Sample before buying Steel Safety Boots
By Geography, the market is classified as APAC, North America, Europe, South America, and Middle East and Africa. APAC will have the largest share of the market. APAC is estimated to contribute 39% to the growth of the global market during the forecast period. APAC contains some of the fastest-growing economies in the world, such as China, India, and Japan. Economic growth is accelerating in these countries, increasing spending on infrastructure and industrial development. These factors are driving the demand for passenger cars. In recent years, rapid economic development in emerging markets has led to higher per capita incomes, increased consumer purchasing power, and increased vehicle sales. The growth of the automotive industry in APAC can be attributed to the growing consumer base in the region. The increasing demand for automobiles has led multinational companies to expand their manufacturing facilities in various countries such as India. Download a free sample report to get more insights on the market share of various regions and the contribution of the segments.
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