Fishing Footwear Market Size to Reach a Value of USD 848.80 Million by 2030

The fishing footwear market size was valued at US$ 508.21 million in 2022 and is expected to reach US$ 848.80 million by 2030; it is estimated to register a CAGR of 6.6% from 2022 to 2030. Fishing footwear primarily provides protection and comfort while fishing. They help keep the feet dry, provide traction on slippery surfaces, and offer support during long hours of fishing. The rise in fishing activities has created lucrative opportunities for the fishing footwear market.

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Fishing footwear also aids in the prevention of blisters and other foot injuries caused by prolonged standing or walking in wet conditions. Protective fishing boots are helpful in preventing unwanted piercings from hooks, gaffs, and other fishing-related injury. Fishing footwear is designed to repel water and other liquids to provide comfort while fishing. A growth in recreational and commercial fishing activities creates a huge demand for fishing footwear. Fishing footwear offers different advantages and high levels of protection to fishermen.

Based on product type, the market is segmented into boots, shoes, and others. The boots designed for fishing primarily provide protection and comfort for anglers while fishing. They also help keep the feet dry, provide traction on slippery surfaces, and provide support during long hours of fishing. For anglers who catch fish from shore, structure, or on a boat, ankle boots are best suited. However, they do not cover as much of legs as knee boots but provide coverage and offer sufficient traction when a boat's deck takes on water. In terms of category, the market is divided into men and women. Men's fishing footwear products are available in different styles, designs, and features. There are so many brands in the market that offer different types of footwear for men for a range of fishing applications. The demand for men's fishing footwear is increasing with the growing participation of men in fishing activities. Based on end use, the market is bifurcated into residential/ recreational and commercial. In residential/recreational fishing, footwear is used as it provides full protection from water and weather, improved levels of comfort and support, increased stability and traction, and optimizes temperature regulation. The demand for fishing footwear for recreational purposes is increasing continuously with the growing number of people participating in recreational fishing activities. In many countries across the globe, the popularity of recreational fishing is increasing as it promotes physical and mental well-being and offers a chance to connect with nature.

The global fishing footwear market is segmented into five main regions-North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. Asia Pacific held the largest revenue share of the global fishing footwear market in 2022. The major factor driving the fishing footwear market in North America is the rise of recreational fishing.

Impact of the COVID-19 Pandemic on the Fishing Footwear Market

The COVID-19 pandemic adversely affected several economies and industries in various countries due to lockdowns, travel restrictions, and business shutdowns. The consumer goods industry was severely affected by disruptions in supply chains and shutdowns of production plants in the initial phases of the pandemic. The crisis caused disruptions in the global supply chain due to factory shutdowns, transportation restrictions, and labor shortages. These upheavals hindered the availability of consumer goods and packaging components, leading to potential supply chain delays and increased operating costs for fishing footwear manufacturers. The COVID-19 pandemic led to an increased demand for certain products, such as pharmaceuticals, healthcare supplies, and essential consumer goods.

The report includes the segmentation of the global fishing footwear market as follows:

The global fishing footwear market is segmented based on product type, category, and end-use. Based on product type, the fishing footwear market is segmented into boots, shoes, and others. Based on category, the fishing footwear market is divided into men and women. Based on end use, the market is bifurcated into residential/ recreational and commercial.

By geography, the global fishing footwear market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North American fishing footwear market is further segmented into the US, Canada, and Mexico. The market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific fishing footwear market is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The Middle East & Africa market is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa. The South & Central America fishing footwear market is further segmented into Brazil, Argentina, and the Rest of South & Central America.

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This release was published on openPR.