In the recently compiled research report by Global Market Insights Inc., U.S. slip resistant shoes market for restaurant application has been projected to exceed US$1.77 billion by 2026.
Hospitality space in the U.S. has been in a dire need of slip resistant shoes amid rising deaths owing to trips, slips, and falls. Donning proper footwear for better traction on slippery surfaces has become more noticeable in recent years.
Over the years, American restaurants have witnessed both employees and customers being at high risk of slipping or falling in restaurants given that slippery floor has become palpable in places that serve food. While floors may be treated with no slip coating, slip resistant shoes have become invaluable for employees, inspectors, repair people and patrons.
Even though there has been a notable uptick in the use of non-slip surfaces, stakeholders have upped their investments in slip resistant footwear. Efforts towards the manufacturing of non-slip shoes will surge in the ensuing period.
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Trends toward leather resistant shoes
At the time when traction towards coefficient of friction has surged, restaurants have exhibited palpable interest towards leather slip resistant shoes in the U.S. lately; footwear with leather uppers and outer soles of composition leather is being highly sought-after among stakeholders.
It has been observed that end-markets have been exhibiting increased inclination towards comfort in quick service restaurants. There is a belief that comfort boosts energy and thereby increases safety. Upsurge in the number of food service operators towards safeguarding employees against injuries will further propel the sales of U.S. slip resistant shoes market.
Rising retail sales to fuel growth
Unprecedented rise in the retail sale of slip resistant shoes is poised to fuel the growth of the footwear industry in the U.S. slip resistant shoes market. At the time when restaurants are infusing funds in the development of slip resistant footwear, sale of footwear in retail store will be more noticeable in the ensuing period.
Upsurge in casual dining across the cities in the U.S. and soaring popularity of independent eateries and small chain restaurants will likely boost the traction for slip resistant footwear. With independent eateries and small chains fueling casual dining and fast-casual establishments, robust business outlook has been projected in the slip resistant shoes landscape.
Growth opportunities in rubber footwear
Millennial and gen Z population are emphasizing shoe’s performance, including design and materials of the sole. There may be growth opportunities in manufacturing materials that are designed for durability. It is worth noting that end-markets are doing away with slip resistant shoes that are closed-in for they can trap water and other liquids.
U.S. slip resistant shoes market manufacturers are also eyeing to expand their penetration of rubber footwear in the country to bolster safety, provide extra comfort and boost staff morale. Manufacturing of rubber footwear is likely to provide growth opportunities in the restaurant chain.
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Challenges: COVID-19 outbreak
With coronavirus cases spreading unabatingly, restaurant have faced the brunt with closure of dining restaurants and social distancing soaring. Not to mention prevalence of counterfeit products has hit the industry hard.
Leading companies with strong balance sheets are flexing funds availability advantages to bolster their portfolios. Growing traction for leather slip resistant shoes will be more noticeable and foster the industry growth in the years to come.
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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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