The global Lace Up Boots Market is projected to exhibit significant growth in the coming years. In 2023, its estimated value is anticipated to reach a substantial sum of USD 2004.92 million.
Looking ahead, the market is poised to experience a steady expansion with a CAGR of 4.7% over the forecast period, leading to an impressive valuation of USD 3173.69 million by 2033.
Lace-up boots have become more popular as people are becoming more conscious of foot health and the value of appropriate footwear. They offer superior ankle support compared to other styles of shoes, lowering the possibility of sprains and injuries. The lace-up closure also makes better fit and pressure distribution possible, which enhances foot comfort and general well-being.
The growing working-class population, rising consumer income, a thriving retail e-commerce sector worldwide, and growing fashion trends in business wear are all contributing to the lace-up boots market growth.
Lace-up boots are durable and fashionable, making them popular among a wide range of customers. The breathable properties of real leather, which can cool the feet and prevent odors, are also driving the product's lace-up boots market growth.
| Attributes | Details |
|---|---|
| Historical Value (2022) | USD 1900.4 million |
| Current Year Value (2023) | USD 2004.92 million |
| Expected Forecast Value (2033) | USD 3173.69 million |
| Historical CAGR (2018 to 2022) | 4.1% |
| Projected CAGR (2023 to 2033) | 4.7% |
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Consumer expenditure on fashion accessories
Consumer spending on fashion accessories is closely related to the lace-up boots market. The market is being driven by rapid growth in spending on fashion accessories as a result of the growing influence of social media.
The lace-up boots market growth is expected to be triggered by recent changes in consumer shopping trends and an increasing proclivity to purchase high-end and designer shoes. The demand for lace-up boots is being driven by the desire for fashionable, fancy, and comfortable footwear.
Launch of Modern Products
Lace-up boots are widely regarded as a high-end item. The introduction of new products by numerous brands has fueled the lace-up boots market growth. High product adoption, even in areas with relatively warmer climates, is expected to drive lace-up boots market growth.
As the demand for flexible and lightweight products rises, numerous innovations and technological advancements contribute to the increase in demand for lace-up boots.
Fictitious Footwear
Counterfeit footwear made from synthetic leather developed by local manufacturers is limiting lace-up boots market growth. Growing alternatives such as synthetic and vegan leather are also expected to pose a growth challenge.
Lace-up boots are more expensive on average than other types of footwear, which is a major constraint in cost-conscious countries. Consumers who are concerned about animal slaughter and are aware of animal ethics and rights are also impeding lace-up boots market growth.
Principal Consultant
| Segment | 2022 Value Share in Global Market |
|---|---|
| Leather Material Type | 29.4% |
| Online Sales Channel | 15.8% |
Leather dominates the lace-up boots market due to its durability, quality, protection, breathability, and versatile style. Lace-up boots are often used in work environments or outdoor activities where foot protection is crucial.
Leather provides a certain level of protection against various elements such as moisture, heat, and cold. Leather is a natural material that allows air to circulate. This breathability helps to regulate foot temperature, reducing sweat and odor buildup.
Leather has a timeless appeal and is associated with a classic, rugged aesthetic. It can be easily dressed up or down, making it suitable for various occasions and fashion preferences. Leather lace-up boots have been a popular style choice for both men and women for many years. While other materials are available, the combination of these factors establishes leather as the preferred choice in the market.
The online distribution channel of the lace-up boots market is estimated to grow at the fastest rate due to the ease of shopping and convenience provided by online stores. Furthermore, online retailers such as Amazon, Alibaba, and RevZilla are making lace-up boots their primary focus.
E-commerce platforms such as social media and Google Ads play an important role in influencing consumer preferences. Furthermore, rising smartphone adoption and access to high-speed internet in developing countries are expected to propel segment growth.
The offline channels dominated the lace-up boots market growth. A significant increase in protective gear retail outlets in countries is expected to have a positive impact on demand for lace-up boots in the near future.
North America is expected to remain a key lace-up boots market, accounting for the lion's share in the market of 28.3%. It had the most lace-up boots market share.
The high penetration of key players in the region as a result of rising demand for lace-up boots has contributed significantly to the region's lace-up boots market growth. The USA, along with Canada, is one of the wealthiest countries in the world, with a population that spends more than any other part of the world.
The players in the USA are focused on delivering premium products that prioritize value proposition to their customers, and this factor has significantly contributed to an increase in the volume of boot sales in the region.
Due to the presence of some of the largest manufacturers, Europe ranks as the second-largest lace-up boots market with a revenue share of 22.1%. To gain a larger consumer base, major shoe manufacturers are introducing new products. The introduction of new products is expected to boost lace-up boots market growth over the forecast period.
| Country | 2022 Value Share in Global Market |
|---|---|
| United States | 24.6% |
| Germany | 6.2% |
| Japan | 5.4% |
Lace-up boots with vintage or retro designs have gained substantial popularity among consumers in the United States. This trend is fueled by a desire for nostalgic fashion.
The influence of social media platforms also contributes to the popularity of vintage aesthetics. Vintage-inspired lace-up boots are highly appreciated and sought after by fashion-conscious individuals.
Celebrity endorsements play a significant role in shaping consumer preferences in the United States. When popular figures are seen wearing lace-up boots, it often leads to increased interest and sales.
The choices of celebrities influence consumers, and they tend to gravitate toward the brands or styles they endorse. Celebrity-driven marketing campaigns create a sense of aspiration and desirability among consumers.
Influencer marketing has emerged as a popular method for businesses to connect with their target demographic. Collaborations with fashion influencers and bloggers have proven to be effective in generating brand awareness.
Through influencer partnerships, brands can leverage the influencers' reach and credibility to promote lace-up boots. These collaborations help drive sales by showcasing the boots in a relatable and aspirational context.
Key players in the United States lace up boots market are focusing on product innovation primarily to attain a competitive edge. For instance, in January 2021, John Elliott launched a new lace-up boot.
The boot is skillfully crafted in Italy. It features a soft suede calf leather upper. The boot includes a neoprene liner and tongue. It also has a rubberized leather rand. A nylon webbing quick-lace system with pull tabs is also incorporated.
The footwear industry's sustainability trend has led to advancements in eco-friendly materials and manufacturing techniques. The market benefits from these developments as brands incorporate such materials into their products.
Germany hosts numerous fashion events and exhibitions annually. These events provide a platform to showcase the latest trends and innovations in the fashion industry. Lace-up boot manufacturers utilize these events to present their products to a wider audience.
The Germany lace up boots market is witnessing an upsurge in demand for personalized products. Companies offering customization options for lace-up boots, such as color choices, materials, and details, are gaining a competitive edge. For instance, in February 2019, Puma revealed the launch of its self-lacing shoe called "FI," which stands for Fit Intelligence.
Consumers in Japan are known for their strong fashion consciousness and emphasis on individuality. This trend has driven the demand for unique and stylish lace-up boots.
Consumers seek lace-up boots that can make a fashion statement. They are increasingly looking for designs that are both fashion-forward and comfortable. Durability is also an important factor for consumers when choosing lace-up boots.
Streetwear fashion has gained immense popularity in Japan. It has also influenced the Japan lace up boots market. Streetwear enthusiasts actively seek unique and eye-catching lace-up boots.
These boots are chosen to complement their overall streetwear style. Brands that cater to this niche market have experienced increased demand. They incorporate streetwear aesthetics into their lace-up boot designs.
International brands are collaborating with Japan-based brands to expand their global footprints. In February 2023, Jimmy Choo joined forces with the beloved Japanese anime Sailor Moon to introduce an exciting collection of footwear and accessories.
The collection features stunning pieces, such as knee-high pink boots adorned with Swarovski crystals, ruby red pumps inspired by Sailor Mars, and chunky green lace-up leather combat boots that pay homage to Sailor Jupiter.
| Country | Value CAGR (2023 to 2033) |
|---|---|
| United Kingdom | 4.2% |
| China | 5.5% |
| India | 7.8% |
Several brands in the United Kingdom lace up boots market are embracing sustainable practices. They aim to meet the increasing demand for eco-friendly products.
These sustainability initiatives involve various approaches. Brands are utilizing recycled materials in the production of lace-up boots. They are also taking steps to reduce waste throughout the manufacturing process. Ethical manufacturing processes are being implemented to ensure fair and responsible production.
Many renowned footwear brands are engaging in collaborations in the United Kingdom. They are partnering with fashion designers, celebrities, and artists. The goal is to create limited-edition lace-up boots. These collaborations generate significant buzz in the market. They also attract consumers who are looking for exclusive and unique products.
For the purpose of gaining a competitive edge, the leading companies are concentrating on innovation in their products. In February 2023, Kiko Kostadinov debuted the Tonkin Boots, his latest footwear offering. The boots made a triumphant entrance into the footwear sector.
For the Spring season, Kostadinov is gearing up to release a low-top version of the same silhouette. The Tonkin Lace-Up Shoe is going to be available in "Black" and "Dune" colorways. These shoes feature Bovine leather uppers with a smooth high-gloss finish.
Consumers in China are increasingly becoming extremely fashion-conscious. This has resulted in a growing demand for stylish and trendy lace-up boots. The trend is influenced by factors like social media influence, where fashion inspiration and trends are shared.
There is also a desire for self-expression through fashion choices. Consumers are exposed to global fashion trends, which further drives their demand for fashionable lace-up boots.
E-commerce has brought about a revolution in the retail industry in China. Online platforms like Alibaba's Tmall, JD.com and social media platforms like WeChat have gained immense popularity for purchasing lace-up boots. Consumers find online shopping convenient and enjoy the wide range of product options available. Online retailers offer competitive pricing, which individuals in China highly appreciate.
International footwear brands are actively expanding in the China market. Leading players like Nike, Adidas, and Timberland have successfully established a strong presence. These brands have strategically positioned themselves to cater to the preferences and demands of Chinese consumers. In February 2023, Oregon announced that a new version of Nike Air Max Plus was going to be launched by its sportswear brand at China's Longtaitou Festival.
With the rise of social media and the influence of global fashion trends, there is a growing fashion consciousness among Indian consumers. This has led to an increased demand for stylish and trendy footwear, including lace-up boots. The preference for casual attire has been on the rise in India. Lace-up boots perfectly fit this trend.
These sentences highlight the impact of social media and fashion trends on the fashion consciousness of Indian consumers, resulting in a higher demand for stylish footwear like lace-up boots. Additionally, the rising preference for casual attire in India aligns well with the versatility and casual appeal of lace-up boots.
India experiences diverse climatic conditions across different regions, impacting the demand for lace-up boots. In colder areas like North India, lace-up boots are popular during the winter season. However, in other parts of the country, they are also worn as a fashion statement during the cooler months. This seasonal demand pattern creates opportunities for manufacturers and retailers to target specific regions and adapt their marketing strategies accordingly.
The growing trekking trend in India has fueled the demand for lace-up boots due to their functionality, performance, and versatility. In July 2022, Adidas introduced a new collection of walking shoes.
The shoes feature convenient slip-on and lace-up designs. The designs are perfect for providing an exceptional walking experience. As more people embrace outdoor activities like trekking, the India lace-up boots market is likely to continue to expand.
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Business models evolve over time, sometimes as a result of market changes, and sometimes as a result of technological advancements, resulting in the emergence of new and exciting trends.
Rothy's Inc.: Strategic Investment
Alpargatas S.A., the Brazilian lifestyle brand and global leader in open footwear, as well as the owner of the Havaianas, love brand, and Rothy's Inc., the innovative sustainable lifestyle brand, announced a strategic investment in Rothy's to fuel global growth and expand vertically-integrated operations.
The transaction positions Alpargatas as a global powerhouse of desired and hyperconnected brands, while also allowing Rothy's to accelerate its brand and retail expansion strategy, expand its factory operations, and drive even more sustainable innovation.
Koio: Funding
Koio, the high-end sneakers brand founded by Chris Wichert and Johannes Quodt, announced that it has raised an additional USD 6 million in Series A funding, bringing the total Series A funding to USD 9 million. The round was led by Founders Fund, with existing investors Acton Capital Partners and Brand Foundry also participating.
M.Gemi: Collaboration
Peroni Nastro Azzurro, a premium Italian birra, and M.Gemi, Italy's premier artisanal leather shoes and accessories brand, have released a limited-edition luxury sneaker collection. The Birra-inspired collaboration may help fans effortlessly step out in style and bring everyday Italian fashion stateside ahead of September, one of the most stylish months of the year and a time when many Americans are reacquainting themselves with their office wardrobes.
Greats: Acquisition
Steve Madden, a leading designer and marketer of women's, men's, and children's fashion footwear and accessories, announced that it has completed the acquisition of privately held Greats Brand, Inc. (GREATS), a leading digitally native footwear brand specializing in premium sneakers made in Italy. GREATS, which was founded in Brooklyn in 2014, is well known for its timeless yet aspirational and versatile styles.
The brand has become synonymous with high-quality footwear at an exceptional price/value proposition for today's consumer, with the majority of products sold direct-to-consumer on greats.com as well as in its flagship retail store located in New York's Soho district. GREATS had net sales of approximately USD 13 million in the fiscal year ended June 30, 2019.
Thursday Boot Company
Major lace-up boots market players include Dr. Martens, Marc Fisher Ltd., C. & J. Clark International, Carlton London, Zara, Thursday Boot, Red Chief, Nordstrom, Inc., FENDI, and Bloomingdale's.
The lace-up boots market’s major players are playing an important role in promoting lace-up boots market growth. The major corporations are proposing a variety of methods and concepts to increase sales and meet the needs of all sectors.
The participants are focusing their efforts on research and development. They also use strategic growth activities such as expansion, joint ventures, product launches, and partnerships to strengthen their lace-up boots market position and attract a large customer base.
Key Players
| Date | January 2023 |
|---|---|
| Company | New Balance |
| Strategy | Launch |
| Details | New Balance launched the first on-pitch soccer cleats collection of 2023. The collection is called the 'Dizzy Heights' pack. One of the cleats in the collection is the New Balance 442 v2. The 442 v2 features a premium leather upper. It is available in a very rare gold color. The cleat has a lace-up closure which ensures a secure fit. |
| Date | December 2022 |
|---|---|
| Company | Gucci and Adidas |
| Strategy | Launch |
| Details | Gucci and Adidas concluded the year by introducing the "Après-Ski" Lace-Up Boot. It is a collaborative product resulting from their summer runway show. The high-end winter footwear is cherished by many. It blends luxury and comfort. It also provides the perfect solution for a demanding day of skiing. |
| Date | 4 November 2020 |
|---|---|
| Company | C. & J. Clark International |
| Details | Partnership |
| Strategy | Clarks will be acquired by LionRock Capital, with the Clark family remaining a significant shareholder. The collaboration will ensure the 195-year-old world-renowned British shoe brand's long-term viability. LionRock Capital's investment is subject to shareholder approval and a Company Voluntary Arrangement (CVA) for Clarks' United Kingdom and Republic of Ireland businesses in relation to its store portfolio. |
| Date | July 2022 |
|---|---|
| Company | Dr. Martens |
| Strategy | Partnership |
| Details | Dr. Martens, a British footwear brand, has partnered with the renowned design school Central Saint Martins to support a new generation of emerging designers. |
| Date | July 2022 |
|---|---|
| Company | Dr. Martens |
| Strategy | Partnership |
| Details | Dr. Martens, a British footwear brand, has partnered with the renowned design school Central Saint Martins to support a new generation of emerging designers. |
| Date | April 2022 |
|---|---|
| Company | Marc Fisher Footwear Company |
| Strategy | Launch |
| Details | Marc Fisher Footwear Company, a fashion footwear industry leader with a portfolio that includes many of America's most recognizable and iconic brands, has launched Marc Fisher LTD Men's. |
| Date | November 2022 |
|---|---|
| Company | Marc Fisher Footwear Company |
| Strategy | Partnership |
| Details | Marc Fisher Footwear is expanding its brand portfolio with a new comfort partnership. The Greenwich, Connecticut-based shoemaker announced an agreement to license the Earth brand for men's and women's footwear. |
| Date | April 2018 |
|---|---|
| Company | Carlton London |
| Strategy | Partnership |
| Details | Carlton London, a premium British lifestyle brand, has partnered with Ace Turtle, an Omnichannel platform company, to expand its e-commerce business in India. Rubicon, Ace Turtle's proprietary omnichannel platform, will power Carlton London's e-commerce business by allowing for seamless inventory and catalog management across existing and new demand generation channels. |
| Date | July 2021 |
|---|---|
| Company | FENDI |
| Strategy | Partnership |
| Details | FENDI and eyewear expert Thélios are pleased to announce their exclusive collaboration for the design, development, production, and distribution of FENDI's eyewear category. This collaboration represents a significant step forward for both LVMH Maisons, as they join forces to increase the desirability of FENDI Eyewear, establishing it as a leading brand in the luxury eyewear segment. |
The market is slated to attain USD 2,004.92 million in 2023.
The market is expected to expand at a CAGR of 4.7% through 2033.
Launch of modern products and increasing interest of consumers in fashion accessories are stimulating market growth.
Surging preference for designer and high-end shoes is benefitting the market.
Leather lace up boots are in trend.
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 Material Type 5.1. Synthetic 5.2. Faux Leather 5.3. Leather 5.4. Polyurethane 5.5. Rubber 5.6. Suede 5.7. Polyester 5.8. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-User 6.1. Men 6.2. Women 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Shoe Width 7.1. Narrow 7.2. Medium 7.3. Wide 7.4. Extra Wide 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 8.1. Hypermarkets / Supermarkets 8.2. Footwear Stores 8.3. Convenience Stores 8.4. Online 8.5. Others 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Dr Martens 19.2. Marc Fisher Ltd. 19.3. C. & J. Clark International 19.4. Carlton London 19.5. Zara 19.6. Thursday Boot 19.7. Red Chief 19.8. Nordstrom Inc. 19.9. FENDI 19.10. Bloomingdale's 20. Assumptions & Acronyms Used 21. Research Methodology
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Lace Up Boots Market
