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The leather boots market size is estimated to grow at a CAGR of 4.57% between 2023 and 2028. The market size is forecast to increase by USD 7,718.35 million. The growth of the market depends on several factors such as product premiumization due to product line extension, the influence of celebrity endorsements on consumer purchase decisions, growing demand for designer collections, and the increase in online retail sales of footwear.
This leather boots market report extensively covers market segmentation by distribution channel (offline and online), product (ankle boots and booties, dress boots, and knee-high boots), end-user (men, women, and children), and geography (Europe, North America, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018-2022.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the leather boots market growth is product premiumization due to product line extension. Several market players operating in the global leather boots market are constantly engaged in reforming and introducing new designs and patterns of leather boots due to increasing competition and customer demand fuelled by rapid changes in the fashion industry. In addition, customers look for leather boots that can be used for both formal and casual purposes.
Therefore, in order to meet such evolving customer needs, market players are regularly expanding their product lines. In addition, leather boot manufacturers have also been focusing on differentiating themselves from sports and outdoor adventure boot manufacturing companies by investing in innovative designs and raw materials, which have helped improve the appearance and the use aspect of leather boots. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.
A key factor shaping the leather boots market growth is the increased demand for leather boots made from organic leather. The increasing demand for leather footwear as premium products and for daily use has fuelled the application of tanning agents for leather, and the improper disposal of these agents causes an ecological imbalance. As a result, governments and various animal protection agencies have raised their concerns to stop the tanning of animals which restricts the supply of leather for raw materials.
Moreover, to overcome this issue, there is an increase in demand for organic leather which is tanned organically, and the process of tanning involves plant tannins, vegetable tannins, and smoke. For example, a UK-based company, organic leather, uses only certified leather from selected British farms. In addition, the leather is chrome-free, environment-friendly, and certified as a harmless substance by German certification body TUV Rheinland. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.
Stringent government regulations on procuring and processing leather are one of the key challenges hindering the leather boots market growth. Even though consumers consider leather a stylish and premium material for boots, the leather industry in some parts of the world faces stringent government regulations. For example, the leather industry in Europe, specifically in Germany, is highly regulated by various government bodies and associations.
Moreover, companies operating in the tanning industry need to follow various regulations for the production of leather, waste disposal, use of chemicals, environmental protection, and recycling. In addition, waste reduction and environment protection measures cost almost 5% of the total operational cost of the manufacturers offering leather footwear. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market growth during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Leather Boots Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Bata Brands Sarl: The company offers leather boots such as Bata Dark Brown Boots For Men, Bata Men Black Textured Leather Boots, Bata Mens Knox Leather Boots.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The offline segment is estimated to witness significant growth during the forecast period. The offline distribution channel comprises specialty stores (including brand-owned stores, multi-brand stores, apparel stores, and fashion and personal accessories stores), hypermarkets, supermarkets, convenience stores, clubhouse stores, and department stores. In addition, several market players are expanding their stores in local and regional markets.
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The offline segment was the largest segment and was valued at USD 25,277.96 million in 2018. Moreover, the manufacturers of leather boots sell their products through both specialty stores and other retailing formats. As a result, it intensifies the competition in the market. In addition, to survive in such a competitive market and to tackle the declining preference for offline shopping, retailers are introducing new business and retail strategies, such as better pricing strategies and wide assortments. Furthermore, several market players are focusing on improving their offline sales by widening their operations in different locations. Therefore, it helps them generate sales of products efficiently and cater to every consumer category in large geographic areas. Hence, such factors are expected to fuel the growth of this segment which in turn drives the market growth during the forecast period.
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Europe is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The strong presence of various well-known luxury fashion brands such as Hermes and LVMH in European countries, especially Western European countries are significantly contributing to the market growth in the region. In addition, the availability of luxury brands in the region is the key factor that fuels the growth of the leather boots market in Europe, especially in the luxury and premium categories. Furthermore, some of the main countries which are significantly contributing to the growth of the market in Europe include the UK, Germany, and France. Hence, such factors are driving the market growth in Europe during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global leather boots market witnessed a significant slowdown due to the decline in the purchasing power of consumers and the closure of offline stores in Europe. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the restoration of operations in offline stores. Such factors are expected to drive the market during the forecast period.
The leather boots market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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Leather Boots Market Scope |
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Report Coverage |
Details |
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Page number |
184 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.57% |
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Market Growth 2024-2028 |
USD 7,718.35 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.17 |
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Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
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Performing market contribution |
Europe at 35% |
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Key countries |
US, China, Germany, UK, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Adidas AG, Bata Brands Sarl, Belstaff International Ltd., Burberry Group Plc, C and J Clark International Ltd., Caleres Inc., Crockett and Jones, Crocs Inc., ECCO Sko AS, Geox S.p.A, Hermes International SA, Kering SA, Mirza International Ltd, Prada S.p.A, Skechers USA Inc., The LVMH group, Topgolf Callaway Brands Corp., VF Corp., Wolverine World Wide Inc., and Woodland Worldwide |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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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. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Product
8 Market Segmentation by End-user
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Trends
12 Vendor Landscape
13 Vendor Analysis
14 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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