Boot Market Analysis, Growth, and Forecast Report
Global
boot
market is anticipated to witness an exponential
growth in the forecast period. Boot is one of the widespread footwear of shoe.
It covers the lower leg and whole foot and used to protect leg and foot from
snow, water, and industrial constituents such as chemicals. However, lately, it
is also used for fashion and style purpose.
The
factors that propel the growth of the market include growing influence of
fashionable fashion boots, increasing awareness regarding the benefit of boots,
high technical acceptance in established countries like Canada, U.S., and
France, increasing popularity of online sales, and presence of several
distribution channels. On the other hand, there are factors that may hamper the
growth of the market including lack of awareness and low quality of the
product.
Boot
market is anticipated to expand at a significant CAGR in the upcoming period as
the scope, product types, and its applications are increasing across the globe.
Market could be explored by type, material, application, distribution channel,
and geography. Market could be explored by type as Work boots, Sports boots, Military
boots, Equestrian boots, and others.
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Based
on the material, the market could span Plastic, Leather, Rubber, Polyurethane,
and Waterproof. The key applications that could be explored in the boot market
include Men and Women. Market could be explored by distribution channel as
supermarkets and hypermarkets, online channels, independent retail stores, shoe
stores, textile retailers, independent retail stores, and departmental stores.
The ‘Supermarket and Hypermarkets’ segment led the market in 2016 and will
continue to lead in the forecast period. The key factor that may be attributed
to the growth of the market includes increasing demand.
Middle
East & Africa accounted for the major share of the boot market in 2017 and
will continue to lead in the forecast period. The factors that could be
attributed to the growth include increasing fashion trend, rising consciousness
among population, and growing demand from several industries. Middle East and
Africa is followed by the Asia-Pacific region owing to increasing demand. Japan
is anticipated to change the dynamics and trends of the market in the forecast
period.
Some
of the key players that fuel the growth of the boot industry comprise Red
Dragonfly, Belle, Daphne, AOKANG, ST&SAT, Meermin, and Camel. The leading
companies are taking up partnerships, mergers and acquisitions, and joint
ventures in order to boost the inorganic growth of the industry.
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