Winter Footwear Market By Type (Boots, Shoes, Others), By End User (Men, Women, Children), By Distribution channel (E-Commerce, Offline channel): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global winter footwear market size was valued at $8,604.0 million in 2021, and is projected to reach $13,593.0 million by 2031, registering a CAGR of 4.7. When worn on the feet, winter footwear protects from environmental risks such as temperature variations and wear from various ground textures. Therefore, the primary purposes of winter footwear, such as shoes, boots, and sandals, are to enhance movement and decrease accidents. In addition to being used for fashion and adornment, footwear can also be used to convey a person's status or rank within a social system. Socks and other hosiery are typically worn in addition to such footwear for increased comfort and relief.
In the winter, wearing the proper footwear is crucial since it supports, protects, and keeps feet warm in frigid environments. Additionally, customers seek comfortable winter footwear that meets their needs. The local businesses that sell cheaply made shoes dominate the footwear market. On the other hand, while making shoes like winter boots, which are typically sold at premium pricing, international players emphasize comfort level. Affordable pricing and improved designs of footwear at a lower price are predicted to support the industry's overall growth as the demand for stylish yet comfortable footwear rises. Additionally, a number of companies, including Nike, New Balance, and Under Armour, are using 3D printing technology in the manufacture of shoes. Customers are drawn to shoes with these attributes, which are expected to create profitable prospects for market expansion over the course of the forecast period.
However, research from the OECD and the EU Intellectual Property Office indicates that the footwear industry is the one that is most negatively impacted by the counterfeiting issue. Among the companies impacted by fraudulent goods include Nike, Asics, Reebok, Adidas, and Sketchers. Over the past few years, demand for numerous types of winter footwear items has increased. By allowing their products to be branded and making comparable claims about their products, manufacturers in the market are taking advantage of the situation. In reality, though, these products are being pushed and sold by shady outside parties. This has the effect of decreasing client loyalty and, more importantly, the customer base. As a result, the availability of goods eventually prevents the market from expanding as a whole.
One of the most traded commodities on the global market is leather. Textile, furniture, footwear, and interior design are only a few of the numerous global businesses that highly value it. However, one of the most polluting industries is said to be the leather industry. At different phases of production, it produces industrial sewage and solid waste. Chromium and other harmful substances present in tannery waste produced by the leather industry gravely endanger both human health and the environment. Due to the detrimental consequences on the leather sector, governments in countries like India incorporate customs duties to reduce the manufacture and trade of leather items within the nation. Additionally, the great majority of winter footwear products produced worldwide are made of leather. As a result, various regulations and restrictions on the leather industry and its products are predicted to hinder the market expansion for winter footwear.
The winter footwear market is segmented on the basis of type, end-user, distribution channel, and region. Based on type, the market is categorized into boots. shoes and others. According to the end user, the winter footwear market is fragmented into men, women, and children. As per the distribution channel, the market is divided into E-Commerce and offline channels. Moreover, the winter footwear market is further classified into third-level segmentation through the distribution channel. Based on offline channel, the market is classified into hypermarkets/supermarkets, brand outlet, specialty stores and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Switzerland, and the rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and the rest of Asia-Pacific), and LAMEA (Brazil, South Africa, UAE, and the rest of LAMEA).
The major players operating in the global winter footwear are UGG, Hoka, Nike, Adidas, New balance, Salomon, Norse Projects, The North Face, Teva, Merrell, Danner, Ecco, Sorel, Prada, Reebok, Suicoke, Blundstone, Xtratuf, Dr. Martens, Puma.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the winter footwear market analysis from 2021 to 2031 to identify the prevailing winter footwear market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the winter footwear market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global winter footwear market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Boots
Shoes
Others
By End User
Men
Women
Children
By Distribution channel
E-Commerce
Offline channel
Sub type
Brand Outlet
Hypermarket/Supermarket
Specialty Store
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Switzerland
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa,
UAE
Rest of LAMEA
Key Market Players
SOREL Corporation
Nike Inc.
Deckers Outdoor Corporation
Danner
Norse Projects
Amer Sports Corporation
New Balance Athletics, Inc.
Wolverine World Wide, Inc.
Dr. Martens plc
Rocky Brands, Inc.
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