Introduction
Tactical footwear, also known as police boots, is specifically designed to handle challenging situations. It provides the wearer many benefits compared to other traditional boots, including flexibility, slip resistance, sturdy uppers, and breathability, which promote airflow to keep the feet cool while performing rigorous exercise.
Factors such as increasing technological innovation in design, rising disposable incomes, and rising demand for convenient and superior benefits of the products are driving the market demand.
Despite the current pandemic situation, the product manufacturers are recovering their operations in full capacities from 2021 beginning. Moreover, the growing e-commerce sector is expected to create lucrative opportunities during COVID-19.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6. Five Force analysis
7. Market Sizing
8. Market segmentation
9. Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10. Growth drivers
10.1 Features of tactical footwear
10.2 Technological innovation in design of the products
11. Key Market Trends
12. Impact of Covid-19
13. Challenges
14. Customer Insights analysis
15. Major Market Players
15.1 Under Armour
15.2 5.11
15.3 Lacrosee Footwear
15.4 Wolverine World Wide
15.5 VF Corporation
15.6 Magnum Boots
15.7 Belleville Boot Company
15.8 Adidas
15.9 Garmont Outdoor
15.10 Maelstrom Footwear
16. Recent Developments
17. Future Scope
18. Strategic Recommendations
Market Overview
The Global tactical footwear market is expected to grow to $2,119.70 million by 2025.
Growth momentum is expected to accelerate during the forecast period with 5.52% CAGR.
The online distribution channel segment is expected to grow at higher CAGR during the forecast period.
APAC is expected to dominate the market by 2025. Increasing government intervention to counter riots, protests, and disaster management operations is expected to fuel the market demand.
Key Trends
Enhancing the shelf-life and the introduction of new products are anticipated to propel the demand for the market in the coming years.
In recent times, there is increasing awareness through social media marketing, and the growing e-commerce sector is expected to create lucrative opportunities in the near future.
Key Market Players
Some of the key players in the market are Under Armour, 5.11, Lacrosse Footwear, Wolverine World Wide, VF Corporation, Magnum Boots.
The industry participants are adopting various strategies such as product launches, product approvals, M&A, improving R&D activities in order to sustain their competitive position in the market.
Growth Drivers and Challenges
Features of tactical footwear and rising disposable incomes are driving the market demand.
Growing technological innovation in the design of the products is also contributing to the market growth.