Global Tactical Footwear Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Tactical Footwear Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global tactical footwear market has been segmented on the basis of product, distribution channel, as well as regions and countries.
Tactical footwear is designed for operations performed by law enforcement, military service members and special ops, public safety workers and security professionals. This footwear is heavy-duty in nature, designed to perform under tough circumstances, while keeping the wearer comfortable and agile.
The demand for tactical footwear is primarily fueled by professionals and enthusiasts operating in extreme environments, as well as those that have harsh climatic conditions. The increasing number of military personnel that are expected to be deployed in country, across the world, is slated to surge the demand for these products. This increase in demand is a major factor that is expected to exponentially impact the revenue growth of the global tactical footwear market over the next 10 years.
In light of the recent COVID-19 outbreak, major manufacturers from across the globe have had to temporarily suspend their production and supply operations completely. This pandemic has also compelled individuals to reduce unnecessary spending and to invest responsibly. These factors are most definitely expected to disrupt the revenue growth of the global tactical footwear market considerably in the foreseeable future.
Several industry players have been investing heavily towards increasing activities to develop products that are more technologically sound and offer its users a host of benefits in a wide selection of footwear types to cater to individuals that belong to a variety of demographics. This is another factors that is expected to have a positive impact on the revenue growth of the global tactical footwear market in the coming years.
Segmentation of the global tactical footwear market is as follows:
On the basis of product, the tactical boots segment accounted for the highest number of revenue shares of the global tactical footwear market in 2019. This can be attributed to increasing new product launches as well as the incorporation of new innovative technologies in respective product designs. However, the tactical shoe segment is slated to index the fastest rate of revenue growth of the global tactical footwear market, due to the growing adoption of these shoes from enthusiasts who are looking to receive protection from the elements of nature.
In terms of distribution channel, the offline distribution channel segment, which includes institutional athletic departments, sporting goods chains, department store chains, as well as specialty and independent retailers, accounted for the highest number of revenue shares of the global tactical footwear market in 2019, owing to the fact that individuals are able to gauge the design and quality of these products firsthand, as well as seek the opinion of experienced staff for better purchasing decisions. However, the online distribution channel segment is anticipated to expand at the fastest rate of revenue growth in the coming years, due to the growing penetration of the internet, ease of delivery facilities, and hassle-free payment options offered by e-commerce industry players.
Regional Segmentation and Analysis:
North America accounted for the majority revenue shares of the global tactical footwear market in 2019, owing to the large presence of key market players, as well as the growing interest for outdoor activities among individuals in this region. The markets in the APAC region are expected to index the fastest rate of revenue growth over the next 10 years.
Segmentation of the Global Tactical Footwear Market:
Segmentation by Distribution Channel:
Segmentation by Product:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Under Armour Inc.
- 5.11 Inc.
- Lacrosee Footwear Inc.
- Wolverine World Wide Inc.
- VF Corporation
- Magnum Boots
- Maelstrom Footwear
- Adidas AG
- Belleville Boot Company
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