The North America Winter Footwear Market would witness market growth of 4.4% CAGR during the forecast period (2022-2028).
It is increasingly believed that trekking is a booming sector due to its growing popularity. People are drifting away from leisure and tourism destinations due to the country's increasing social media, young population, and shifting travel preferences. This has led to the widespread popularity of trekking shoes. Winter boots or shoes are often chosen for trekking & hiking because they are lightweight, supportive, comfortable, breathable, and provide traction.
Winter shoes also offer a higher level of support, extending from the middle of the ankle to the beginning of the calf to provide powerful foot and ankle support. Moreover, they are more portable and user-friendly. Hooks or laces are supplied for adjustment of support. Thus, these characteristics of winter footwear are particularly beneficial for trekking or hiking and are among the market trends for winter footwear.
Startups in the market are seizing value-grab opportunities in addition to well-known brands of athletic shoes like Nike, Adidas, and Puma. This is given that the market is anticipated to increase in revenue at an incredible rate during the forecast period. In the North American market, the trend of footwear brands that sell exclusively online is quickly gaining traction. By leveraging this trend, startups in the U.S., and New York in particular, are becoming more and more well-liked. In light of all of this, it is anticipated that North America's winter footwear market will experience significant expansion.
The US market dominated the North America Winter Footwear Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,397.4 Million by 2028. The Canada market is poised to grow at a CAGR of 6.4% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.1% during (2022 - 2028).
Based on Type, the market is segmented into Boots, Shoes and Others. Based on Distribution Channel, the market is segmented into Offline and Online. Based on End User, the market is segmented into Men, Women and Children. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Winter Footwear Market is Predict to reach $11.4 Billion by 2028, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SOREL Corporation (Columbia Sportswear Company), Wolverine World Wide, Inc., Deckers Outdoor Corporation, Airwair International Ltd. (Dr. Martens) (Permira), Nike, Inc., Rocky Brands, Inc., Danner (ABC Mart Korea Co., Ltd.), Norse Projects, Amer Sports, and New Balance Athletics, Inc.
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