The estimated value of the global waterproof boots market is US$ 1.2 million in 2023, with a projected valuation of US$ 1.5 million by 2033. Demand for waterproof boots is expected to increase at a compound annual growth rate (CAGR) of 4.22% during the forecast period.
The increasing demand for comfortable waterproof boots and the availability of a variety of designs and colors are propelling the global expansion of the market. Taking into account these factors, the market share of waterproof boots is anticipated to grow as retail activity expands during the forecast period from 2023 to 2033.
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- Changing Preferences and Fashion Trends: Consumers are obsessed with new trendy things and increasingly adopt waterproof boots to look more stylish. Manufacturers design a variety of boots with different colors to catch consumers’ attention, significantly driving the global market.
- Outdoor Activities and Tourism: People visiting outdoor destinations such as camping, hiking, and sports activities are increasing the adoption of waterproof boots. These consumers seek boots that withstand weather conditions, long-lasting, and durable.
- Climate Change Awareness: Changing climate, growing awareness, and focusing on sustainability among people up surging the sales volume. Key companies are developing eco-friendly boots by reducing non-toxic materials are fueling the global market size.
- Brand Reputation and Review: Consumers are looking toward better quality footwear. They are researching online platforms about the footwear company, brand, quality, and positive reviews to buy waterproof boots. However, influencers, advertisers, and endorsements positively impact advancing market growth.
- Product Innovation: Consumers increasingly demand innovative, improved, durable waterproof boots. Manufacturers invest in research and development activities by adopting waterproof technology to enhance global market revenue.
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These are a few driving factors influencing the global market during the forecast period.
Key Takeaways:
- The waterproof boots market is predicted to secure a valuation of US$ 1.2 billion with a CAGR of 4.22% in 2023.
- The United States is estimated to register a maximum share of 24.20% in the global market by 2033.
- Japan is anticipated to capture a share of 5.90% of the global market during the forecast period.
- With a share of 5.80%, Germany is significantly driving the global market by 2033.
Key Players
- Eddie Bauer
- DRYCODE
- Dunlop
- Columbia
- TideWe
- Sperry
- Timberland Pro
- Wolverine
- Innolux
- Danner
How Key Players Upsurge the Global Market?
The market is highly competitive with the present number of players globally. Key players are vital in driving the market by innovating advanced products to capture consumers’ attention and increase sales. These key players uplift the global market through various marketing methodologies such as partnerships, product launches, mergers, acquisitions, and agreements. These players are estimated to continue to expand the market with their new and innovative launches in the coming years.
Recent Developments in the Global Market are:
In 2021, Canada Goose announced its newly launched waterproof boots. The company also announced to enhance its business portfolio through its marketing tactics to reach more consumers in the future.
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Waterproof Boots Market by Category
By Type:
- Jungle Boots
- Desert Boots
- Cold Weather Boots
- Others
By Application:
- Military
- Hiking
- Travel
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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