Waterproof Sneakers Market Analysis, Company Profiles, Competitive Landscape and Key Regions Analysis Available at Futur

As per newly released data by Future Market Insights (FMI), the Waterproof Sneakers Market is estimated at USD 230.3 million in 2022 and is projected to reach USD 354.2 million by 2032, at a CAGR of ~4.4% from 2022 to 2032.

Waterproof sneakers are gaining popularity in a number of countries. Waterproof shoes are designed with the intention of being worn in wet conditions or mostly submerged. Special synthetic materials that resist water are used to protect water from leaking inside shoes. These sneakers soon acquired popularity due to their waterproof characteristics. To keep employees safe, several employers have mandated the use of waterproof protective footwear. These shoes keep your feet dry and warm while also keeping you from sliding.

These sneakers are famous among outdoor enthusiasts who enjoy roaming through nature. Because trekking and climbing may require hiking on icy slopes, these shoes may become wet and cause cold feet. To avoid such situations, hikers and climbers choose waterproof shoes that do not become wet from ice. Waterproof shoes are most popular in areas with heavy snowfall and rains. These people use waterproof shoes because they do not get wet, dry quickly, and give total foot protection. In certain areas, these waterproof sneakers are routinely worn on a regular basis.

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Waterproof footwear is becoming more popular in some areas as individuals begin to spend money on leisure activities. Furthermore, the impact of Western countries, as well as social media marketing, are assisting the waterproof sneakers business to thrive.

However, the major restrain to the market is counterfeit goods. Fake manufacturers provide waterproof shoes with inferior quality and inexpensive costs, enticing an increasing number of buyers. There are also various waterproofing sprays and products in the market that compete with waterproof shoes.

Key Takeaways from the Waterproof Sneakers Market Study

Lace-up type of the waterproof sneakers are popular among the consumers. The laces are helpful to adjust the tightness and snug fit of shoes as per comfort. Additionally, laces add good looks and also close up possible entry points for water.
Soles of the waterproof sneakers are made using polyurethane. The material is used as it is waterproof, have strength and flexibility and can absorb shocks without bending, which are ideal sole properties.
Men's waterproof sneakers are having high demand than women’s and children. As men are involved in more adventure activities, they tend to buy these waterproof sneakers more.
In the case of regional analysis of regions like the Europe is expected to gain traction in the Waterproof Sneakers market.

“Waterproof shoes are an excellent alternative for keeping feet dry in inclement weather. People use these shoes frequently because they protect them from blisters and other infections caused by moist shoes, increasing sales in many regions.” Says an FMI Analyst.

Impact of COVID-19 on the Market

COVID-19 effectively shut down all markets in all locations. The pandemic had a significant impact on the footwear industry. Many firms were forced to hold their items in warehouses until the market reopened. They needed to restart manufacturing procedures while keeping consumer feedback and desires in mind.

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Regulations on international transportation disturbed both the raw material and finished goods supply chains. The primary sales channels for the waterproof footwear, retail and online, have been closed. The Manufacturing hubs throughout the world were effected by two factors. First, operations were halted as a result of the epidemic. Then there's the growing number of order cancellations from international customers who are unable to sell or hoard products. Following Pandemic, many potential buyers switched to more comfortable footwear, affecting total sales of the waterproof sneakers.

Who is winning?

Leading players operating in the sneaker market Skechers, Nike, Adidas, Quechua, Wildcraft, ASIAN, Asics, Columbia, New Balance, ON, North Face, ECCO, Nike ACG, Solomon and among others.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the sneaker market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the Waterproof Sneakers Market by Closure Type (Lace-Up, Elastic, Velcro, Slip-On, Others), Sole Material (Rubber, Polyurethane, Leather, EVA, Others), Outer Material (Leather, Rubber, PVC, Mesh, Other), Consumer Orientation (Men, Women, Children), Sales Channel (Hypermarket/Supermarket, Wholesalers/Distributors, Specialty Stores, Multi-brand Stores, Independent Small Stores, Online Retailers, Other Sales Channel) Region - Forecast to 2022-2032

Waterproof Sneakers Market by Category

By Closure Type, Waterproof Sneakers Market is segmented as: