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Tactical Footwear Market Size to grow by USD 526.77 Million, Use of Social Media Marketing to be a Major Trend - Technavio

·14 min read

NEW YORK, Sept. 5, 2022 /PRNewswire/ -- The tactical footwear market estimates a market value of USD 526.77 million from 2021 to 2026. The report offers a detailed analysis of the COVID-19 impact on the market and the new opportunities that market players can expect. In addition, the report projects the market to progress at a CAGR of 5.57%. The use of social media marketing is one of the key tactical footwear market trends contributing to market growth. Nowadays, consumers' engagement on social networking sites and interest in blogging has increased, which has led to the use of social media by vendors for promotional activities. Meanwhile, increased Internet penetration, coupled with growth in the e-commerce segment, has increased awareness and fueled the demand for a wide range of footwear, including tactical footwear, available in the market. Significantly, the total number of active social media users accounted for 4.48 billion users, which is 62% of the world population and increasing every day. Thus, the increasing influence of social media is expected to increase product awareness of products, including tactical footwear, which will fuel the growth of the market focus during the forecast period. To know about the other trends - Request a Free Sample Report

Latest market research report titled Tactical Footwear Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026 has been announced by Technavio which is proudly partnering with Fortune 500 companies for over 16 years
Latest market research report titled Tactical Footwear Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026 has been announced by Technavio which is proudly partnering with Fortune 500 companies for over 16 years

Tactical Footwear Market: Vendor Landscape

  • The tactical footwear market report offers information on several market vendors, including 5.11 Inc., ABC MART Co. Ltd., adidas AG, Apex Global Brands Inc., ASICS Corp., Belleville Boot Co., Garmont International Srl, Maelstrom Footwear, Magnum Boots, Nike Inc., PUMA SE, Under Armour Inc., VF Corp., and Wolverine World Wide Inc. among others.

  • The global tactical footwear market is subject to rapidly changing industry demands and preferences. Changing consumer preference patterns affect vendor performance in the global market. It can also be affected by global and regional economic conditions and other demographic trends. Changing economic conditions are affecting the living standards of consumers, which will also affect vendors' business operations.

  • The market is concentrated due to the presence of several international and domestic vendors. Vendors compete based on quality, price, service, brand image, distribution, and marketing. Moreover, major vendors focus on acquiring other smaller brands to increase their market share. Increasing vendor competition compels vendors to reduce their product prices, which will negatively affect their profit margins and market growth.

  • To know about the vendor offerings - Click Now!

Tactical Footwear Market: New launches to drive growth

  • The new launches is the key driver supporting the tactical footwear market growth. The increasing number of product launches increases the competition in the market, which, in turn, will lead to innovation and differentiation.

  • In view of this, manufacturers focus on launching new products. For instance, in October 2021, HAIX Schuhe Produktions und Vertriebs GmbH announced its launch of boot Airpower XR1 Pro for emergency medical services (EMS), urban search, and rescue operations to provide individuals with safety and comfort in extreme situations. Similarly, in March 2020, 5.11 Inc. announced the launch of the new tactical footwear collection. The new tactical footwear collection was named 5.11 A.T.L.A.S. (All Terrain Load Assistance System). Such new product launches are expected to drive the growth of the market during the forecast period.

To know about the other drivers along with the challenges - Request a Free Sample Research Report

Tactical Footwear Market: Segmentation Analysis

This market research report segments the tactical footwear market by End-user (Men and Women) and Geography (APAC, North America, Europe, Middle East and Africa, and South America). Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the tactical footwear market size and actionable market insights on the post-COVID-19 impact on each segment.

To know about the market contribution of each segment Download a Free sample report

The competitive scenario provided in the Tactical Footwear Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Tactical Footwear Market Forecast Report - Buy Now!

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Tactical Footwear Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.57%

Market growth 2022-2026

USD 526.77 million

Market structure

Concentrated

YoY growth (%)

4.98

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 45%

Key consumer countries

US, China, India, Russia, and the UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

5.11 Inc., ABC MART Co. Ltd., Adidas AG, Apex Global Brands Inc., ASICS Corp., Belleville Boot Co., Garmont International Srl, Maelstrom Footwear, Magnum Boots, Nike Inc., PUMA SE, Under Armour Inc., VF Corp., and Wolverine World Wide Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio "Consumer Discretionary Market" Research Reports

Table of Content

1 Executive Summary

  • 1.1 Market Overview

2 Market Landscape

  • 2.1 Market ecosystem

3 Market Sizing

  • 3.1 Market definition

  • 3.2 Market segment analysis

  • 3.3 Market size 2021

  • 3.4 Market outlook: Forecast for 2021-2026

4 Five Forces Analysis

  • 4.1 Five forces summary

  • 4.2 Bargaining power of buyers

  • 4.3 Bargaining power of suppliers

  • 4.4 Threat of new entrants

  • 4.5 Threat of substitutes

  • 4.6 Threat of rivalry

  • 4.7 Market condition

5 Market Segmentation by End-user

  • 5.1 Market segments

  • 5.2 Comparison by End-user

  • 5.3 Men - Market size and forecast 2021-2026

  • 5.4 Women - Market size and forecast 2021-2026

  • 5.5 Market opportunity by End-user

6 Customer Landscape

  • 6.1 Customer landscape overview

7 Geographic Landscape

  • 7.1 Geographic segmentation

  • 7.2 Geographic comparison

  • 7.3 APAC - Market size and forecast 2021-2026

  • 7.4 North America - Market size and forecast 2021-2026

  • 7.5 Europe - Market size and forecast 2021-2026

  • 7.6 Middle East and Africa - Market size and forecast 2021-2026

  • 7.7 South America - Market size and forecast 2021-2026

  • 7.8 US - Market size and forecast 2021-2026

  • 7.9 China - Market size and forecast 2021-2026

  • 7.10 India - Market size and forecast 2021-2026

  • 7.11 Russia - Market size and forecast 2021-2026

  • 7.12 UK - Market size and forecast 2021-2026

  • 7.13 Market opportunity by geography

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers

  • 8.2 Market challenges

  • 8.3 Impact of drivers and challenges

  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview

  • 9.2 Vendor landscape

  • 9.3 Landscape disruption

  • 9.4 Industry risks

10 Vendor Analysis

  • 10.1 Vendors covered

  • 10.2 Market positioning of vendors

  • 10.3 5.11 Inc.

  • 10.4 adidas AG

  • 10.5 Apex Global Brands Inc.

  • 10.6 ASICS Corp.

  • 10.7 Belleville Boot Co.

  • 10.8 Garmont International Srl

  • 10.9 Maelstrom Footwear

  • 10.10 Nike Inc.

  • 10.11 PUMA SE

  • 10.12 Under Armour Inc.

11 Appendix

  • 11.1 Scope of the report

  • 11.2 Inclusions and exclusions checklist

  • 11.3 Currency conversion rates for US$

  • 11.4 Research methodology

  • 11.5 List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)
Technavio (PRNewsfoto/Technavio)
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SOURCE Technavio