Hunting Boots Market is Anticipated to Reach a Valuation of US$ 6970 Mn | FMI
The hunting boots market is anticipated to reach a valuation of US$ 6970 million in 2032. The market is expected to grow at a CAGR of 5.2% during the forecast period, and the market estimation as on 2022 is US$ 4200 million.
Typically, while getting involved in hunting or related activities, it is a known fact that we have to run or at times even sprint. For the running to take place effortlessly, we need to ensure that we select those hunting boots which are proportionate to our body weight.
On selecting the appropriate weight, we will be able to walk/run effortlessly. This is anticipated to increase the sales of hunting boots.
Along with handling our body weight effortlessly, these are designed for extreme and long-standing usage. This allows the users to manage the hunting boots as per their wish.
One of the most important factors why hunters select the hunting footwears are because these are water resistant. The jungles are meant for their unpredictable pathways, wherein a person may have to go through a wet and sloppy landscape, and that too all of a sudden. This might increase the sales of hunting boots, as such feature, apart from the ones mentioned above are not offered by other kinds of shoes.
Thus, based on the analysis of FMI The increasing requirement by hunters to be on comfort while covering a lot of ground while hunting, along with the sturdiness offered by the hunting boots and many other factors are expected to increase the demand for hunting boots.
Key Takeaways:
• The expected CAGR for the hunting boots market during the forecast period is 5.2%.
• The hunting boots market valuation as on 2022 is US$ 4200 million.
• The expected valuation of hunting boots market as on 2032 is US$ 6970 million.
• The 200 grams Insulation currently has the Largest Market Share in the Hunting Boots Market based on Insulation
• Vulcanised Rubber is the Most Preferred Material Type
• Online Mode is the Most Preferred Sales Channel in the Hunting Boots Market
• The North American hunting boots market currently has a share of 21.57%.
• The European hunting boots market currently has a market share of 19.54%.
• Asia Pacific anticipated to be the fastest growing market.
Key Companies Profiled:
• SharpeZone
• Lacrosse
• Muck Boot
• Wolverine Boots
• Under Armour
• L.L.Bean Inc.
• Crispi Sport
• WC Russell Moccasins Co.
• Kenetrek LLC
• LaCrosse Footwear
Key Segments Profiled in the Hunting Boots Market
By Insulation:
• 200 grams insulation,
• 400 to 800 grams insulation,
• >1000 grams insulation
By Hunting Style:
• Custom-fit Rugged Style
• Over Boots
• Hiking Boots
• High Altitude Hunting Boots
• Snake Boots
By Material Type:
• Nylon
• Mesh
• Full Grain Leather
• Vulcanised Rubber
By Shaft Height:
• 7 inches
• 8 to 12 inches
• 13 to 16 inches
• >17 inches
By Sales Channel:
• Online
• Hypermarkets/Supermarkets
• Footwear Stores
• Convenience Stores
• Others
By Region:
• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA
Competitive Landscape
The major players have been putting their heart and soul to manufacture the best quality hunting boots. However, the disruption in supply chain is something which has caused major concern to all these players. This has led to the hunting boots not reaching the potential market, and also the raw materials not reaching the manufacturing plants on a timely basis, thereby affecting the hunting boots market.
Some of the recent developments are:
• In June 2022, Rocky Brands announced layoffs at its newly acquired boot brands from Honeywell International Inc.
• In March 2022, LL Bean Inc. announced that its sales had spiked by 14% as more consumers played outdoors.
To know more:
https://www.futuremarketinsigh....ts.com/reports/hunti
Airport Retailing Market is Anticipated to Reach nearly US$ 79706.8 Million by 2032 | FMI
As per the analysis conducted by Future Market Insights, Airport Retailing market is valued at US$ 26837.8 Million. The market is anticipated to reach nearly US$ 79706.8 Million by 2032, by witnessing an impressive CAGR of 11.5% from 2022 to 2032.
The retailing world in the airport space has significantly ballooned in the past few years with increasing physical space for non-aviation activities, as the core aviation activities like check-in, bag-drops are conducted remotely. This is further expected to facilitate future growth during the period of forecast.
What is Driving Demand for Airport Retailing?
The players operating in the industry are undertaking constant efforts to find out the compelling factors that is encouraging consumer to engage in shopping during travel. Convenience and boredom while waiting for the flight are few of the prominent factors that has driven airport retail purchases among consumers.
Besides this, tax-free is another prominent factor encouraging airport retail sales.Apart from the identifying the factors the players operating in the industry are also analyzing the consumer spending habits on airport.
Travelers that are required to spend some time on airport before their journey located in the same vicinity are the prominent target consumers for players operating in the industry. Thus the efforts on the part of players to gain their attention is further expected to drive sales in the coming years.
Improving Services through Technology & Personalization Facilitating Retail Sales
Apart from the players in the industry airports are also engaged in increasing and enhancing traveler’s experience through personalization and technology. For instance, many of the airports are engaged in leveraging a traveler’s experience through augmented reality and virtual reality that guides a traveler or a prospective consumer towards the retail stores they desire at the airport.
Thus, the efforts on the part of airport hubs to ensure that the travelers make the best possible use of their waiting time is further expected to drive retail sales during the forecast period.
US and Canada Airport Retailing Market Outlook
The United States is one of the prominent hub. The airport retail sales in US is also projected to reflect a stable growth during the forecast period 2021-2031. Demand is expected to remain muted currently as the pandemic outbreak has extensively impacted the travel sector across the world.
Since past few years airport shopping corridors in the United States and Canada have now become significant tourist hubs. The growing frequency of travel and tourists in this region had led to an increase in the airport retail sales. However, with the pandemic outbreak causing a drastic decrease in the footfall of tourism has currently led to a slowdown in demand.
However, factors like growing attraction of brand towards airport retail arena, government initiatives to scale up revenues from airport are further expected to bring a slow recovery in the airport retail sales during the period of forecast.
Europe Demand Outlook for Airport Retailing
In the past few years the consumer’s spending habits have changed dramatically. Unlike before where consumers used to make spontaneous buying decisions, the consumers now conduct an active research regarding product availability and compare prices online and then make a purchase decision at the airport.
In light of this changing consumer habit, luxury travel purchases has gained popularity in Europe.In light of this growing luxury trend at airport retail, many luxury brands are considering airport as an antidote to fading malls.
Such changing perception on the part of luxury brands is further expected to drive penetration of brick and mortar stores in the airport hubs across Europe. Many well-established brands have claimed that the revenue generation through airports is rapidly increasing than the traditional department stores.
This is primarily observed in the case of beauty and fashion goods. However, the covid-19 pandemic outbreak has also significantly brought a downswing in Europe airport retail sales.
Who are the Key Manufacturers and Suppliers of Airport Retailing?
Some of the leading players in the industry include
• Dubai Duty Free
• Airport Retail Group, LLC.
• Dufry AG
• King Power International
• Heinemann SE & Co. KG
• Flemingo International
• Japan Airport Terminal Co. Ltd.
• Others
Key Segments of Airport Retailing Market
By Category:
• Fashion & Accessories
• Perfumes & Cosmetics
• Liquor & Tobacco
• Food & Beverages
• Others
By Type:
• Direct Retailer
• Department Stores
• Supermarkets
• Specialty Retailers
By Airport Size:
• Small
• Medium
• Large
By Region:
• North America
• US & Canada
• Latin America
• Brazil, Mexico, Others
• Western Europe
• EU5
• Nordics
• Benelux
• Eastern Europe
• Asia Pacific
• Australia and New Zealand (ANZ)
• Greater China
• India
• ASEAN
• Rest of Asia Pacific
• Japan
• Middle East and Africa
• GCC Countries
• Other Middle East
• North Africa
• South Africa
• Other Africa
To know more:
https://www.futuremarketinsigh....ts.com/reports/airpo
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