USD 343 Million Growth in Gumboots Market with 31% Contribution from Europe - Technavio

NEW YORK, Aug. 17, 2022 /PRNewswire/ -- The "Gumboots Market Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The potential growth difference for the gumboots market between 2021 and 2026 is USD 343 million, as per the analysis report added recently to Technavio's catalog. The report predicts the market to garner an accelerating growth momentum at a CAGR of 4.08% during the forecast period. Technavio categorizes the global gumboots market as a part of the global footwear market within the global textiles, apparel, and luxury goods industry. Our report provides extensive information on the value chain analysis for the gumboots market, which vendors can leverage to gain a competitive advantage during the forecast period. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

For insights on the scope and value chain analysis, Read FREE Sample Report.

Key Market Segment Highlights:

The gumboots market report is segmented by Application (OGMCLI, AFFP, and Others) and Geography (Europe, North America, APAC, South America, and Middle East and Africa). 

• 31% of the market's growth will originate from Europe during the forecast period. Germany and UK are the key markets for gumboots in Europe. Market growth in this region will be faster than the growth of the market in the North American, APAC and MEA regions. The presence of a huge fashion industry and a majority of gumboot brands in the region has propelled and popularized the use of gumboots among the population.
• The gumboots market share growth by the OGMCLI segment will be significant during the forecast period. The segment includes gumboots demand from the oil and gas, mining, construction, and light industries. The growing production and demand for oil will spur exploration and production activities in the oil and gas sector. This will result in an increase in the workforce employed by the industry and, subsequently, will lead to an increase in the demand for gumboots from the industry.

View our sample report for additional insights into the contribution of all the segments and regional opportunities

Market Vendor Landscape

• The gumboots market is fragmented and the vendors are deploying growth strategies such as focusing on new product launches and increasing online retail sales to compete in the market. 
• To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
• The gumboots market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Top Gumboots Market Players covered in the report are:

• Aigle International SA
• Bata Brands SA
• BEKINA BOOTS
• Bradshaw Taylor
• Burberry Group Plc
• Crocs Retail LLC
• dav
• Deckers Outdoor Corp.
• Design e More SA
• Dunlop Protective Footwear
• Gumleaf
• Hunter Boot Ltd.
• ILSE JACOBSEN HORNBAK IJH AS
• J. Barbour and Sons Ltd.
• Joules Ltd.
• Kamik
• Le Chameau
• Tretorn Sweden AB
• Weyco Group Inc.
• Access additional vendor information and their strategic moves as you Download the Sample Report

Key Market Dynamics:

• Market Driver: 
• Market Challenges

The new product launches and increase in online retail sales are some of the key market drivers. Customers look for gumboots that can be used for both formal and casual purposes or leisure and protection purposes. The vendors are regularly expanding their product lines to meet the evolving customer needs. This will give consumers a wide range of options to select from for different uses and will drive the growth of the global gumboots market during the forecast period. 

However, factors such as the presence of counterfeit products will challenge market growth. The penetration of e-commerce further propels the distribution, sales, and reach of counterfeit products by widening their regional presence.

Learn more about the key market dynamics and their impact analysis as you Request for Sample PDF

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Key Topics Covered:

• Executive Summary
• Market Landscape
• Market Sizing
• Five Forces Analysis
• Market Segmentation by Application
• Customer landscape
• Geographic Landscape
• Vendor Landscape
• Vendor Analysis
• Appendix

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.

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SOURCE Technavio