Portland, OR, Sept. 21, 2021 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global tactical footwear market generated $1.54 billion in 2020, and is projected to reach $2.57 billion by 2030, registering a CAGR of 5.3% from 2021 to 2030.
Rise in demand for tactical footwear from military personnel and surge in penetration of e-commerce platforms and strong distribution drive the growth of the global tactical footwear market. However, tactical footwear production effects on environment and restricted use of leather in the manufacturing process hinder the market growth. On the contrary, surge in social media marketing and rise in investments by manufacturers to offer high-quality trademark products are expected to open new opportunities for the market players in the future.
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Covid-19 scenario:
- The pandemic presented several challenges for the manufacturing industry due to surge in the number of Covid-19 patients, restrictions regarding social distancing, and lockdown restrictions.
- The prolonged lockdown in European and Asian countries disrupted the supply chain and hampered the raw material supply.
The report segments the global tactical footwear market on the basis of product, end use, sales channel, and region.
Based on product, the shoe segment is expected to portray the highest CAGR of 5.9% during the forecast period. However, the boots segment held the largest share in 2020, contributing to more than two-thirds of the market.
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On the basis of sales channel, the online store segment is projected to manifest the highest CAGR of 6.0% during the forecast period. However, the hypermarket/supermarket segment held the lion’s share in 2020, accounting for more than two-fifths of the market.
The global tactical footwear market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America dominated in 2020, holding nearly two-fifths of the market. However, the market across LAMEA is projected to showcase the highest CAGR of 6.7% during the forecast period.
The global tactical footwear market includes an in-depth analysis of the prime market players such as Adidas AG, ASICS Corporation, APEX Global Brands, Garmont International S.r.l., Belleville Boot Company, Nike, Inc., Maelstrom Footwear, Under Armour, Inc., Puma Se, and 5.11 Tactical.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
