The global tactical footwear market size was worth around USD 1,547.3 Million in 2022 and is predicted to grow to around USD 2,574.1 Million by 2030 with a compound annual growth rate (CAGR) of roughly 5.3% from 2023 to 2030.
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➤ Market growth is being driven by an increase in demand from law enforcement agencies and the military.
The global tactical footwear market is primarily driven by the growing number of missions and operations conducted by the armed forces worldwide. Tactical footwear are designed for soldiers to wear during war and war training, as opposed to parades and other ceremonial duties. Modern tactical boots are engineered to offer a combination of gait protection, ankle determination, and traction that is appropriate for severe environments. A specific type of footwear known as tactical boots is intended to enhance performance in particular circumstances. A combination of full-grain leather, divided leather, nubuck, suede, or synthetic leather is used to construct tactical boots.
➤ The market expansion is restricted by the high cost of tactical footwear products.
The product’s high price is attributable to the utilisation of sophisticated technology and premium materials in its production. They are enduring, resulting in an extended lifespan and reduced wear and tear. The midsole and outsole will be of the utmost quality to ensure the wearer’s survival in all terrains and conditions. Consequently, military footwear were exceedingly costly and scarce. One of the most valuable leathers utilised in the production of shoes is elephant skin. They are an excellent option for work boots due to their exceptional durability and resistance to abrasion.
➤ There is an increasing demand for products that are highly durable.
Tactical footwear is capable of withstanding the rigours of demanding tasks and performing exceptionally well in inclement weather. These footwear are worn by military and police officers to ensure stability and protection in challenging environments. The demand for tactical boots is on the rise due to the increasing innovation and advancement in this product. These boots are designed to provide comfort and durability, as well as to protect against precipitation and sand. Therefore, it is anticipated that these factors will generate opportunities in the market under investigation.
➤ The presence of counterfeit products on the market and fluctuations in raw material prices present a significant challenge.
The volatility of crude and natural rubber prices influences commodity prices. The income of organised operators is impacted by the production and sale of counterfeit products by unorganised operators at reduced prices. Tactical shoes are manufactured by racers using low-quality primary materials. Consequently, this presents a significant obstacle to the expansion of the global tactical footwear market during the forecast period.
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The Global Tactical Footwear Market is segmented based on product, application and region
Global Tactical Footwear Market: Product Segment Analysis
● Shoes
● Boots
Global Tactical Footwear Market: Application Segment Analysis
● Supermarket/Hypermarket
● Online Stores
● Specialty Stores
● Others
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The global Tactical Footwear market profiles key players such as:
● Adidas AG
● APEX Global Brands
● ASICS Corporation
● Nike Inc.
● Under Armour Inc.
● VF Corporation
● 5.11
● Wolverine World Wide
● Maelstrom Footwear
● Belleville Boot Company
● Magnum Boots
???? Recent Developments:
• ASICS acquired Njuko SAS in November 2022. Njuko SAS is a prominent platform for registering for running competitions in Europe. ASICS has expanded its race registration services to include Japan, North America, Australia, New Zealand, and Europe.
• Galaxy Universal acquired the Apex Global trademark in February 2021. At present, Apex has licensing agreements with manufacturers and retailers in approximately 140 countries. Its products are available on numerous e-commerce platforms and in over 20,000 retail locations worldwide.
➤ The market is anticipated to be dominated by Asia Pacific during the forecast period.
During the forecast period, Asia Pacific is anticipated to maintain its dominance in the global tactical footwear market, with the largest share among the regions. The market growth in this region is influenced by the presence of a robust military sector, the presence of key manufacturers, and the growing demand for individuals to engage in adventure activities. The highest CAGR is anticipated for Asia Pacific during the forecast period, as a result of the increasing demand for lightweight and reliable footwear and the increased use of tactical footwear by daily labourers.
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