The waterproof boots market is estimated to be valued at US$ 1,520 Mn in 2022, and is projected to reach a valuation of US$ 2,360 Mn by 2032. The demand for waterproof boots is likely to rise at a CAGR of 4.5% from 2022 to 2032.
Rising demand for comfortable waterproof boots, as well as product variation in style and colour, are propelling the market's global expansion. Taking all of these variables into account, the waterproof boots market size is likely to rise as retail activity rises from 2022 to 2032. Consumers are becoming more fashion conscious, which has resulted in an increase in demand for these boots. Large product diversity and easy availability in a variety of retail channels are likely to encourage impulse sales of waterproof boots.
Some well-known companies and retailers have shifted their focus to the waterproof boots market, resulting in a significant growth in the number of retail outlets globally. Furthermore, online shopping is increasing global demand for waterproof boots due to the availability of wide variety, discount, and price range of products offered by online merchants are diverse, contributing to its expanding popularity.
The growth in organised sales channels such as hypermarkets/supermarkets, sports stores, multi-brand stores, and specialty stores has improved sales of waterproof boots and is alternatively driving organised retail growth in numerous countries, which is likely to drive the waterproof boots market throughout the forecast period. Furthermore, the majority of clients in snowy areas are gradually migrating to higher quality, longer-lasting products offered by waterproof boot manufacturers.
Key Takeaways from Waterproof Boots Market
- North America is expected to continue to be a significant market, accounting for 28.30% of the global waterproof boots market share. In 2021, the United States had the largest market share in North America.
- In 2022, Europe accounted for more than 25.70% of the waterproof boot market. Younger people's increased demand for waterproof boots is also propelling the waterproof boot market in Europe.
- The rubber type segment dominates the waterproof boots market because consumers choose rubber waterproof boots in cold and rainy weather situations.
- During the projected period, the household sector is expected to dominate the waterproof boots market.
Competition Landscape in the Waterproof Boots Market
Product portfolio diversification through R&D efforts, as well as corporate mergers and acquisitions, are some of the main methods employed by leading firms to boost their position in the worldwide waterproof boots market.
Companies in the waterproof boot sector are adopting distinctive and focused distinguishing techniques in order to diversify their business and suit the needs of a rising consumer base.
Eddie Bauer, DRYCODE, Dunlop, Columbia, TideWe, Sperry, Timberland Pro, Wolverine, Innolux, and Danner are some of the major companies in the waterproof boots market.
Recent Developments in the Waterproof Boots Market:
- Northwave debuted its Extreme RR 3 Waterproof Boot in time for the start of autumn in 2019. The corporation made them available to its customers, along with a wide selection of other things, through the online retailing platform I-ride.
- Canada Goose, a luxury outerwear brand, released its first pair of waterproof boots in 2021 and expanded its product line to include them. The company also intends to expand the number of clients by employing such strategies.
To know more:
https://www.futuremarketinsights.com/reports/waterproof-boots-market