The ankle boots market is anticipated to flourish at an average CAGR of 3.8% between 2023 and 2033. The market is expected to hold a market share of US$ 1,270 million by 2033, while the market is likely to reach a value of US$ 874.7 million in 2023.
- The new vintage fashion trend, along with the unisex consumption of ankle boots, is expected to expand the market’s boundaries during the forecast period. Furthermore, advanced manufacturing with higher durability and ankle support is likely to flourish the sales of ankle boots.
- Special design, rugged usage, and affordable pricing are some factors that vendors try to cover while producing the boots. The increased exports and imports post-pandemic have garnered market growth. Alongside this, new products and different materials used are helpful in maintaining the feet’ health.
- New sheepskin ankle boots also deliver temperature control while producing a natural oil known as lanolin that helps the sheep in protecting herself from dry winters. Though, the advent of vegan leather is transforming the market growth.
- The fashion symmetry of ankle boots is quite dynamic as it goes well with everything, including Western and indo-western attire. The higher utilization of these boots is caused by their rugged design and helpful structures for hiking and trekking.
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Key Points
- The United States market leads the ankle boots market in terms of market share in North America. The United States region held a market share of 26.2% in 2022. The growth in this region is attributed to rising fashion trends, the advent of vegan leather, affordable prices, and higher penetration of e-commerce platforms. The North American region held a market share of 30.6% in 2022.
- The German market is another important market in the European region. The market held a market share of 6.7% in 2022. The growth is attributed to the higher tourist footfall, harsh winters, and cultural dominance. The European region held a market share of 25.2% in 2022.
- The Indian ankle boots market thrives at a CAGR of 7.4% between 2023 and 2033. The growth is attributed to increasing exports and footwear research and development facilities.
- The Chinese market also thrives at a CAGR of 5.6% during the forecast period. The flourishing growth is caused by transforming footwear fashion and Western influence.
- Based on product type, the lace-ups segment leads the market, holding a share of 23.58 in 2022.
- Based on the end-user type, men lead the market as it held a market share of 67.2% in 2022.
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Competitive Landscape
The key vendors focus on higher durability, comfort, and affordable pricing. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.
Recent Market Developments
- Thursday Boot Co. Downtown Boot has introduced its special downtown women’s ankle boots that come with black full-grain leather along with the side long-lasting rubi zipper. The product is handcrafted and comprises a premium leather outsole.
- Vagabond Shoemakers has added new products to their long list of ankle boots with Dorah, Vivian, and Alina.
Key Segments Covered
By Product Type:
- Kitten Heel
- Wedge Heel
- Block Heel
- Flat
- Lace-Ups
- Buckle
- Straps
- Tassel
- Others
By User:
- Men
- Women
By Shoe Size:
- < 6 inches
- 9 to 10 inches
- 10 to 11 inches
- > 11 inches
Key Regions Covered:
- North America
- United States
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- United Kingdom
- France
- Spain
- Russia
- Rest of Europe
- Japan
- Asia Pacific Excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of Asia Pacific Excluding Japan (APEJ)
- The Middle East and Africa
- GCC Countries
- Israel
- South Africa
- Middle East and Africa (MEA)
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
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