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| Snow Boots Market |
The global Snow Boots Market is estimated to be valued at US$ 2094.39 Mn in 2023 and is expected to exhibit a CAGR of 4.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Snow boots are specifically designed to withstand extreme weather conditions
and icy terrains. Snow boots provide waterproofing and insulated properties to
keep feet warm and dry during winter. Features like thick rubber soles, thermal
insulation lining, and durable breathable fabric uppers make snow boots
suitable for outdoor winter activities like skiing, snowboarding and hiking on
snow-covered terrains.
Market key trends:
The rising demand for insulated snow boots is one of the key trends witnessed
in the global snow boots market. Insulated snow boots have additional layer of
thermal insulation usually made of synthetic materials like down, wool or synthetic
fill to keep feet warmer for longer duration. Insulated snow boots are gaining
popularity among adventure sports enthusiasts and outdoor adventurers as they
provide more warmth compared to regular snow boots. The increasing
participation in winter sports and outdoor activities in cold regions is
driving the demand for high-performance insulated snow boots during the
forecast period.
Segment Analysis
The global snow boots market is segmented by type, end user, distribution
channel, and region. By type, the market is classified into recreational snow
boots, snow boots for outdoor sports, snow boots for extreme cold conditions,
and snow boots for indoor activities. The recreational snow boots segment
dominated the market in 2022 and is expected to continue its dominance over the
forecast period. Recreational snow boots are highly comfortable and suitable
for casual wear. They are equipped with textile lining along with rubber soles
to provide warmth and traction on snow or wet surfaces.
Key Takeaways
The global Snow
Boots Market Growth size was valued at US$ 2094.39 Mn in 2023 and is
projected to reach US$ 2971.93 Mn by
2030, exhibiting a CAGR of 4.5% over the forecast period. Growing outdoor
recreational activities and winter sports are expected to drive the demand for
snow boots.
Regional analysis: North America dominated the global market in 2022 and is
expected to maintain its dominance during the forecast period. The cold
climatic conditions and high participation in winter sports and outdoor
recreational activities in the US and Canada have been fueling the demand for
snow boots in the region.
Key players: Key players operating in the snow boots market are Adidas AG, Nike
Inc., Columbia Sportswear Company, Honeywell International Inc., Puma SE, New
Balance Athletics, Michael Kors Holdings Ltd, Jack Wolfskin GmbH & Co, Bata
Limited, Deichmann SE, Deckers Outdoor Corporation, The Aldo Group, and
Skechers U.S.A. Adidas AG and Nike Inc. hold a significant share of the market.
Their strong distribution network and innovative product launches catering to
changing consumer trends have helped them strengthen their position in the
global market.
Read More,
https://www.insightprobing.com/snow-boots-market-trends-size-and-share-analysis/
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