Global Tactical Footwear Market Overview:
Law enforcement officers, firefighters, military service members, and adventurers who work in difficult and climatic situations are the primary drivers of tactical footwear demand. These shoes are usually made to work in harsh situations with minimal wear and tear. Increasing technical innovation in design has been a key factor in fueling tactical footwear demand. Tactical footwear offers a number of advantages, including flexibility, slip resistance, robust uppers, and breathability, which promotes airflow to keep the feet cool during strenuous exercise. Most tactical footwear has an upgraded insole and outsole that provides additional cushioning, grip, and flexibility, as well as a toe rand.
Growth Drivers
- Rising Military Operations Conducted by Countries
- Growing Preference for Tactical Footwear by Law Enforcement Personnel
Roadblocks
- Fluctuations in the Raw Material Prices
Opportunities
- Invest in Research & Development Activities by Manufactures
- Growing Demand from End-users
- Growing E-Commerce Industry Worldwide
Challenges
- Slowdown of the World Economy
Competitive Landscape:
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations.
Some of the key players profiled in the report are Under Armour, Inc. (United States), 5.11 (United States), Lacrosee Footwear Inc. (United States), Wolverine World Wide (United States), VF Corporation (United States), Magnum Boots (United States), Maelstrom Footwear (United States), Adidas AG (Germany) and Belleville Boot Company (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Tactical Footwear market by 2026. Considering Market by Distribution Channel, the sub-segment i.e. Offline will boost the Tactical Footwear market.
Latest Market Insights:
In January 2019, 5.11 Boots launched Norris tactical Sneakers in black multicam made with welmax board, which guards feet against up to 1,200 newtons of force
In February 2020, 5.11 launched A.T.L.A.S. (All Terrain Load Assistance System) tactical footwear collection in Las Vegas, Nevada., and In April 2020, Garmont Outdoor, an Italy-based footwear manufacturer, donated 1,000 pairs of tactical boots to New York City first responders
What Can be Explored with the Tactical Footwear Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Tactical Footwear Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Tactical Footwear
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Tactical Footwear market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Tactical Footwear market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Tactical Footwear Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.