The Asia Pacific Tactical Footwear Market would witness market growth of 7.0% CAGR during the forecast period (2023-2029).
The most common variety of tactical boots is the ones that are issued as standard issues. They are frequently given to peacekeepers and infantry soldiers, as well as to law enforcement and security personnel. They are made of sturdy materials and are a wise investment for combatants. To keep feet warm on chilly days while remaining comfortable on warm days, standard-issue boots are made of medium-grade insulating materials. Since the users, like the military, have specific requirements or standards for their troops, a pair of standard-issue boots must pass rigorous quality control.
Various types of tactical footwear exist, including jump boots, tanker boots, desert boots, jungle boots, winter boots, etc. All these boots have been developed for specific terrains so that they are efficient and reliable. Jump boots are made with the intention of protecting the user's knees, ankles, and feet during parachute landings.
Jump boots contain strengthened ankle and heel protection, such as a spring system or gel padding, to maintain joint stability upon impact. The heat resistance of tanker boots is a necessity for those who operate large machines, particularly those with open flames or hot metal surfaces. It is a common choice of footwear among metalworkers and welders, in addition to combat warriors. Additionally, the soles are non-slip, preventing slipping on wet metal or oily surfaces.
In the defense budget of 2023-24 of India, the Non-Salary Revenue/Operational Allocation received the budgetary outlay under this segment increasing to Rs 90,000 crore. This is in line with the Government's focus and commitment to maintaining an elevated level of Operational Preparedness of the Defence Services to deal with current as well as future challenges. The increased budgetary allotments will also cover the costs of Agniveers' training aids and simulators, ensuring that they meet the requirements for training before joining the Defense Forces. This will lead to an increased requirement for tactical gear like footwear. Therefore, the rapid expansion of military forces in the region will boost the development of the market in the coming years.
The China market dominated the Asia Pacific Tactical Footwear Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $203.3 Million by 2029, growing at a CAGR of 5 % during the forecast period. The Japan market is expected to witness a CAGR of 6.4% during (2023 - 2029). Additionally, The India market is expected to witness a CAGR of 7.7% during (2023 - 2029).
Based on Product Type, the market is segmented into Boots and Shoes. Based on End Use, the market is segmented into Men and Women. Based on Sales Channel, the market is segmented into Business to Business, Specialty Stores, Hypermarket & Supermarket, Online Stores and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Tactical Footwear Market is Projected to reach USD 2.6 Billion by 2029, at a CAGR of 6.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nike, Inc., Adidas AG, Under Armour, Inc., PUMA SE (Groupe Artémis S.A.), ASICS Corporation, MMG Trading Ltd., Belleville Shoe Manufacturing Company, Elten GmbH, RNS Footwear Pvt. Ltd., and Garmont international Srl (Riello Investimenti Partners).
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