The ankle boots market is anticipated to flourish at an average CAGR of 3.8% between 2023 and 2033. The market is expected to hold a market share of USD 1,270 million by 2033, while the market is likely to reach a value of USD 874.7 million in 2023.
The expansion of the market is expected to be significantly influenced by several factors, including product premiumization as a result of product line extension and an increase in the amount of footwear sold through online retail outlets.
However, the growth of the demand for ankle boots may be hampered by factors such as growing labor costs and unstable prices for raw materials.
Ankle boots market participants are likely to have access to a variety of new growth prospects as a result of the impact that celebrity endorsements have on the purchasing decisions of customers and the rising demand for designer collections.
Nevertheless, the availability of counterfeit products might have an effect on the business that might restrain the development of the ankle boots market.
| Attributes | Details |
|---|---|
| Ankle Boots Market CAGR (2023 to 2033) | 3.8% |
| Ankle Boots Market Size (2023) | USD 874.7 million |
| Ankle Boots Market Size (2033) | USD 1,270.0 million |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Rapid Urbanization in Developing Countries
Increasing urbanization in emerging countries is a key element fueling the worldwide demand for ankle boots. There was an early surge in demand for ankle boots in Europe, particularly in Paris.
New York also has a rising craze for boots that reach just above the knee and are made of exotic Morocco leather. But improving economies and burgeoning urban populations in places like Asia, Africa, and the Middle East are driving tremendous expansion in the ankle boots industry.
Rising Disposable Income
Increasing disposable money is also contributing to the favorable trend in sales of ankle boots. The growing middle class can now afford to spend more on consumer goods, making ankle boots a hot commodity all around the world.
Sustainability
In addition to their aesthetic appeal, several styles of ankle boots also offer several practical advantages. The expansion of the global demand for ankle boots can be attributed to the several benefits offered by the items, such as the fact that they are cruelty-free, vegan, waterproof, and simple to size.
Rise in Fashion Brands
The rising popularity of several different fashion brands has helped the expansion of the demand for ankle boots. The leading companies that provide ankle boots are competing with one another based on the following criteria: durability, pricing, innovative design, and the overall quality of the raw materials utilized.
In addition, retailers are placing a greater emphasis on promoting online retail as the distribution method that is most favored by customers.
There are a few things that are preventing the expansion of the ankle boots market all over the world. Take, for instance, the fierce competition that exists between companies that make footwear.
Women's footwear can range from sandals and casual shoes to more conventional styles with equal success. The fact that the makers of boots are facing intense competition from manufacturers of other footwear may function as a barrier to growth in the global demand for ankle boots worn by women.
Consumers' tastes shift regularly; hence, even though boots are popular among women in the current scenario, the current choice can be taken over by other footwear, which is expected to hinder the growth of the global ankle boots market.
Principal Consultant
| Country | Revenue Share % (2022) |
|---|---|
| United States | 26.2% |
| Germany | 6.7% |
| Japan | 3.7% |
| Australia | 2.9% |
| North America | 30.6% |
| Europe | 25.2% |
| Country | CAGR % (2023 to 2033) |
|---|---|
| China | 5.6% |
| India | 7.4% |
| United Kingdom | 4.0% |
North America is expected to expand at a high CAGR.
It is anticipated that the North American region may have a high market attractiveness index, and it is expected to prove to be the most fruitful.
The region is likely to have a commanding presence in the ankle boots market in terms of revenue share, and it is anticipated to rise at a relatively high growth rate in comparison to the growth rates of other regions.
North America held a market share of 30.6% in 2022, while the United States held 26.2% of the global market share in the same year.
Although it is anticipated that Europe's demand for ankle boots is expected to expand at a similar rate throughout the forecast period, the region is likely to have a smaller proportion of the market in terms of revenue when compared to that of North America. Europe held a market share of 25.2% in 2022.
People's increasing discretionary income and their preference for premium ankle boots made by prominent fashion houses like Gucci, Prada, and Dior are the primary factors propelling the expansion of the market for ankle boots.
This trend is also a big contributor. Throughout the projected period, the growth rate in the Asia Pacific area is expected to remain significantly slower than that of either North America or Europe.
| Category | By Product Type |
|---|---|
| Leading Segment | Lace-Ups |
| Market Share% (2022) | 23.5% |
| Category | By End User |
|---|---|
| Leading Segment | Men |
| Market Share% (2022) | 67.2% |
Based on product type, the lace-ups segment leads the market, as it held a market share of 23.5% in 2022. On the other side, the end user category is led by the men segment due to the higher consumption. The segment held a market share of 67.2% in 2022.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
One distinctive feature of the ankle boots industry is the prevalence of numerous small and medium-sized businesses from different parts of the world. These businesses develop creative techniques, like providing inexpensive and high-quality ankle boots, to appeal to a wide range of customers.
The Ultimate Bespoke Boots Casa Fagliano
Every pair of boots from Casa Fagliano is crafted by hand, without machinery or technology. After checking out their workshop, it was observed that they weren't running on electricity, but that wasn't a problem.
Since 1892, when the Faglianos first settled on Tambo Nuevo Street in the Hurlingham neighborhood of Buenos Aires (just across the street from the world-famous Hurlingham Polo and Golf Club), they have followed the same exacting process for creating their boots.
History
In 1892, two brothers named Pedro and Giacomina Fagliano founded a leather shoes workshop in the Buenos Aires province, quickly earning a reputation as talented shoemakers among the region's rural populace.
Their sons Antonio, Santiago, Pedro, and Jose took over the business and proceeded to build on its foundation of success, resulting in the family's name becoming synonymous with quality and service in the Buenos Aires retail industry and Argentina more broadly.
Present
Now in the present day, Pedro's grandson Rodolfo and his sons Eduardo and Héctor are running the family business. The tight-knit group of craftspeople creates only the finest, custom-made leather footwear.
Tucked away on a quiet street in Hurlingham, right close to the world-famous Hurlingham polo field (and only 40 minutes from the city), is a studio that specializes in making polo boots of every imaginable kind, from classic zip-ups to cutting-edge lace-ups and Texan-style designs.
Each pair of boots has wooden trees to keep them in tip-top shape. They also produce the best cowhide leather in Argentina into exquisite ready-to-wear ankle boots and leather shoes.
Visiting their humble studio, which has been in the same location for more than four decades, is like going back in time. The Fagliano family personally greets each visitor and proudly shows them around their quaint headquarters, where they use century-old manual tools, vintage sewing machines, and techniques that predate modern machinery.
Black and white photos document the long history of this extraordinary family of artisan shoemakers. Unique in the realm of retail, it is unlike anything seen before.
After a tour of their studio where all the magic happens, the Fagliano family goes on to discuss the exact style and comfort preferences before handcrafting a pair of leather shoes just as per the requirement.
Each stage of the procedure, from selecting and cutting the leather to taking the exact dimensions of the customer's foot, is given meticulous attention. After the shoes are finished, they may be built on a wooden shoe last, just like the ones used by famous polo players, actors, and even royalty from around the world.
In addition to beautiful watch bands for Jaeger Le-Coultre, the Faglianos also produce leather belts to match the boots or shoes and leather knee cushions. Like their polo boots, they are made from high-quality cordovan leather.
When it Comes to High-end Shopping in Argentina, no one does it better than Casa Fagliano.
With its recent worldwide development and the extension of its footwear and outerwear lines, Casa Fagliano has launched a new website.
Celebrating its 125th year in business, Casa Fagliano has unveiled its new website in tandem with its recent international development - a new European partner - and the expansion of its footwear and outerwear lines.
They are confident that the website’s fresh, modern look may appeal to both longtime fans and brand-new visitors.
The new website conveys its identity and the role that tradition, excellence, individuality, and timelessness play in the global fashion industry and the ankle boots market. The storied past of Casa Fagliano may always be respected.
The essence of the company is the importance of passing on a company's principles from generation to generation to maintain a high standard of quality and ensure continued success.
Key Players
The market is valued at USD 874.7 million in 2023.
Everlane Day Boot, Blundstone Australia Pty Ltd, Vagabond Shoemakers are key market players.
The market is forecast to register a CAGR of 3.8% through 2033.
The market will reach USD 1,270 million by 2033.
North America held a market share of 30.6% in 2022.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Kitten Heel 5.2. Wedge Heel 5.3. Block Heel 5.4. Flat 5.5. Lace-Ups 5.6. Buckle 5.7. Straps 5.8. Tassel 5.9. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By User 6.1. Men 6.2. Women 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Shoe Size 7.1. < 6 inches 7.2. 9 to 10 inches 7.3. 10 to 11 inches 7.4. > 11 inches 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Thursday Boot Co. Downtown Boot 18.2. M.Gemi Corsa Concavo Boot 18.3. Everlane Day Boot 18.4. Blundstone Australia Pty Ltd 18.5. Vagabond Shoemakers 18.6. Nisolo 18.7. MARC FISHER FOOTWEAR LLC Boot 18.8. Asos Design Action Chelsea Boot 18.9. Sam Edelman Packer Bootie 18.10. Aldo Group Inc 19. Assumptions & Acronyms Used 20. Research Methodology
Explore Consumer Product Insights
View Reports
Ankle Boots Market
