Ankle Boots Market: High Demand for Comfortable Footwear among the Consumers to Drive the Market Growth

Global Ankle Boots Market size was valued at USD 880.7 Mn in 2022 and is expected to reach USD 1151.16 Mn by 2029, at a CAGR of 3.9%.

Ankle Boots Market Overview

Ankle Boots are a type of footwear that covers the foot and extends up to the ankle. It offers various designs such as a combination of style and functionality, making this product a versatile and popular choice for various occasions. Ankle boots come in a variety of styles, materials, and designs, catering to both men and women, and they are known for their comfortable fit and ability to complement different outfits. Chunky soles, square toes, cut-outs, perforations, sock boots, kitten heels, animal prints, bright colors, western and cowboy styles, embellishments and sustainable and ethical options are major key trends that driving the Ankle Boots Market growth.

Ankle Boots Market Snapshot

Ankle Boots MarketTo know about the Research Methodology :- Request Free Sample Report Oliver Footwear, Australia’s leading Safety Footwear Manufacturer owes its origins to gold mining in the Victorian provincial city of Ballarat. Product research and development to address the needs and demands of tough workplace safety environments. This is a key strategy of the company that supports increasing business portfolio and Ankle Boots Market size. Ongoing investment in manufacturing technology, business systems and people ensures that Oliver continues to adopt the world’s best practices in all parts of the business. Oliver is part of the KSW Group, the third-largest branded safety footwear company in the world.

Ankle Boots Market Dynamics:

1) Drivers Developing Consumer’s Fashion and Lifestyle Trends to Driver the Market Growth The modern era of fashion is greatly inspired by past trends. Ankle boots have become a popular and versatile fashion staple, appealing to consumers of all ages and genders. The continuously changing consumer preference due to fashion influencers, celebrities, and social media, have driven the demand for stylish and stylish footwear like ankle boots and boosted the Ankle Boots Market growth. These boots provide a perfect blend of aesthetics and functionality, making them suitable for various occasions, from casual outings to formal events. The desire to stay in vogue and express individual style has led to a consistent increase in the adoption of ankle boots worldwide. Ankle Boots Market The growth of consumer spending is more intense in emerging economies. Ferragamo and Prada, famous luxury product retailers are already taking advantage of this dynamic, having increased their sales in the Asian region over the last few years. Prada S.p.A. and its subsidiaries are known as Prada Group and are a global player in the design, production and distribution of luxury items, including leather goods, handbags, footwear, apparel, accessories, eyewear and fragrances. Its products are sold in 70 countries worldwide through a network of directly operated stores and a selected network of luxury department stores, independent retailers and franchise stores. Such all factors are considered to like key drivers for Ankle Boots Market growth. Also, suitable conditions and seasons are major responsible factors for the market growth during the forecast period. In colder months, these boots provide warmth and protection against the elements. Rising Demand for Comfortable Footwear to Influence the Market With an increasing emphasis on comfort and practicality in footwear, ankle boots have emerged as a preferred choice for consumers globally. Traditional high heels and formal shoes have often been associated with discomfort and limited mobility, leading to a shift in consumer preferences towards ankle boots, which provide better support and cushioning for the feet. Advancements in footwear technology and materials are a key opportunity for manufacturers to design ankle boots with improved features, such as arch support and shock absorption. As the awareness about foot health and the importance of comfortable footwear grows, the demand for ankle boots is in the Ankle Boots Market. For example, in the footwear industry, companies use 3D printing technology to create shoe prototypes and final products. This technology allows for the creation of complex and customized designs and reduces waste during the manufacturing process. India is the second largest global producer of footwear after China, accounting for 13% of global footwear production of 16 billion pairs. India produces 2065 million pairs of different categories of footwear such as leather footwear - 909 million pairs, leather shoe uppers - 100 million pairs and non-leather footwear - 1056 million pairs. India exports about 115 million pairs. Thus, nearly 95% of its production goes to meet its own domestic demand. 2) Opportunity: Consumers increasing awareness regarding environmental and social issues, and there is a rising demand for sustainable and ethical footwear options, this is also a key opportunity for the global ankle boots Ankle Boots Market. Ankle boot manufacturers capitalize on this trend by incorporating sustainable materials like organic cotton, recycled plastics, and plant-based leather in their product offerings. E-commerce retail platforms due to digital transportation are expected to create lucrative opportunities for market growth. Consumer shift toward online shopping and the integration of virtual try-on technologies as well as the adoption of digital marketing strategies are a few factors responsible for the industry penetration. Nike, the largest seller of athletic footwear and apparel in the world, has never been shy about its aspirations of becoming a digital-first, direct-to-consumer (D2C) company. This strategy accelerated its digital transformation by expanding its global supply chain and making “significant investments in digital technologies and information systems” to power D2C e-commerce. 3) Restrain: Economic Uncertainty and Disposable Income Fluctuations to Restrain the Market Growth Disposable income fluctuation due to changing economic, as a result, consumers are not able to pay or invest on high priced premium ankle boots. Since, moving toward more budget-friendly alternatives and it is expected to hinder the market growth potential. Geopolitical factors, trade disputes, and global economic events also influence consumer sentiment and spending patterns, further impacting the ankle boots market. However, the seasonal nature-wise product demand for ankle boots is expected to drive Ankle Boots Industry growth.

Ankle Boots Market Segment Analysis

The global Ankle Boots Market report provides segment analysis based on type, application, material, end-user, distribution channel and region. This analysis aims to provide detailed market dynamics, industry trends, and growth opportunities for different segments. By Type Based on type, the lace-up boots segment dominated the largest market share in 2022. Lace-up boots are known for their practicality, durability, and versatile style, making them a popular choice for both men and women. The laces are threaded through eyelets or hooks on both sides of the boot's opening, allowing wearers to adjust the fit according to their preference and comfort level. Growing acceptance of these boots among consumers is a key driver for Ankle Boots Market growth. By Application, Based on application, women’s ankle boots held the largest Ankle Boots Market share in 2022. This has been a significant segment in the footwear industry due to its widespread popularity and diverse style options. Women's fashion trend to be more dynamic and ankle boots complement a wide range of outfits, from casual to formal, making them a versatile choice for many occasions. The expansion of e-commerce and online fashion retailers, segment have gained more popularity. Men’s segment is expected to grow at a Significant CAGR during the forecast period. Ankle boots are produced by manufacturers, either in-house or outsourced to third-party factories. These manufacturers are local or located in countries with lower production costs.

Global Ankle Boots Market Share, By Application in 2022 (in %)

Ankle Boots Market By Distribution Channel Based on the distribution channel, the online platform segment accounted for the largest Ankle Boots Market share in 2022. The global market is a key dynamic and diverse industry due to the fashion-conscious consumers and choices of trendy footwear options. The distribution channel plays a crucial role in connecting manufacturers with end consumers. The segment growth is driven by the rising popularity of e-commerce platforms. Consumers now prefer the convenience of shopping for ankle boots from the comfort of their homes. Online retailers provide a vast array of options, making it easier for consumers to compare prices, styles, and brands. Also, online channels facilitate global accessibility, allowing manufacturers to reach a broader customer base and explore international markets without establishing physical stores in each location.

Ankle Boots Market Regional Analysis

North America dominated the largest Ankle Boots Market share in terms of revenue in 2022. The increasing demand for angle high boots through various industries like fashion and sports. Preference towards lace-ups boots due to their ease of donning and doffing features, since this product is gaining high demand. The US and Canada’s countries have prominent markets for ankle boots. The region's consumers value both style and functionality, making ankle boots a popular choice for various occasions. The presence of fashion-forward cities such as New York and Los Angeles drives trends in the market. Also, during the colder months, there is a surge in demand for insulated and weather-resistant ankle boots, making them essential footwear in the winter season. In 2022, fashion is poised to benefit from fundamental macroeconomic drivers. Consumer sentiment is on a positive trajectory, especially in Ankle Boots Market where vaccination and saving rates are high. In the US, consumers spend high money on clothing for work and special occasions on top of their shopping lists. While pent-up demand has already played out as so-called “revenge shopping” in the luxury segment in China, similar behavior is expected to pick up steam in the broader fashion market in the US in early 2022. Digital and sustainability will offer fashion’s biggest opportunities for market growth, while supply chain pressures will challenge the industry in 2022.

Operational Trends in 2022 that Impact North America Market Supply Chains (%)

Ankle Boots Market Europe held the second-largest Ankle Boots Market share in 2022 due to a fashion-conscious customer base with cities like Paris, Milan, and London being global fashion hubs. Western Europe sees strong demand for sleek and sophisticated ankle boot designs, while Eastern Europe leans towards more rugged and durable styles suited for colder climates. Ankle boots are highly favored for their versatility and ability to complement both casual and formal attire. Ethical and sustainable ankle boot options are gaining traction, aligning with the region's growing focus on sustainability. In Europe, consumer confidence in economic recovery is more cautious, with approximately one-quarter of respondents in a September 2021 survey optimistic that the economy would rebound to pre-pandemic levels by the end of 2021, while over half expected recovery only in 2022 or later. The Asia-Pacific region is witnessing significant growth in the ankle boots market, driven by rising disposable incomes, urbanization, and the influence of Western fashion trends. Countries like China, Japan, and South Korea are embracing ankle boots as part of their evolving fashion culture. In colder regions of northern Asia, there is a demand for winter-ready ankle boots, while in tropical areas, lightweight and breathable designs are preferred.

Social E-Commerce Peetration in China and India Share in (%)

Ankle Boots Market Competitive Landscape The global ankle boots market is highly competitive, characterized by well-known brands with strong brand recognition and reputation. Key players focus on expanding their product portfolios and innovating with new features and materials. A robust regional presence and distribution network enables them to reach a broader customer base. Competitive pricing and a strong value proposition are crucial, as is effective marketing and branding to build brand loyalty. Brands that prioritize sustainability, ethical practices, and customer service gain favor among conscious consumers. Market expansion through mergers, acquisitions, and strategic partnerships is common, and the ability to respond quickly to market trends is essential for staying ahead in this dynamic industry. Introducing one of our favorite ankle boots for our launch, the Elsie Stiletto Ankle Boot. Hand cut and hand made in Mexico as part of our brand launch collection, in luxurious blue vegan suede with 100% recycled polyurethane lining, these are great for dressing up or down. Set on a sexy thin stiletto heel with a pointed toe, these are flattering boot that goes with everything in your wardrobe.

Ankle Boots Market Scope Table: Inquire Before Buying

Global Ankle Boots Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 880.7 Mn.
Forecast Period 2023 to 2029 CAGR: 3.9% Market Size in 2029: US $ 1151.16 Mn.
Segments Covered: by Type Lace-Ups Boots Zipper Boots Buckle or Strap Boots Chelsea Boots Other
by Material Leather Suede Synthetic Textile Vegan
by Distribution Channel Online Platform Offline Platform
by Application Men Women

Ankle Boots Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)

Ankle Boots Key Players

1. Thursday Boot Co. Downtown Boot 2. M.Gemi Corsa Concavo Boot 3. Oliver 4. Prada 5. Everlane Day Boot 6. BLundstone Australia Pty Ltd 7. Vagabond Shoemakers 8. Nisolo 9. Marc Fisher Footwear. LLC. Boot 10. Asos Design Action Chelsea Boot 11. Sam Edelman Packer Bootie 12. Hillson Footwear Pvt. Ltd. 13. Sakaria Distributor 14. FRYE 15. Steve Madden 16. Sorel 17. Timberland

Frequently Asked Questions:

1] What is the growth rate of the Global Ankle Boots Market? Ans. The Global Ankle Boots Market is growing at a significant rate of 3.9% during the forecast period. 2] Which region is expected to dominate the Global Ankle Boots Market? Ans. North America is expected to dominate the Ankle Boots Market during the forecast period. 3] What is the expected Global Ankle Boots Market size by 2029? Ans. The Ankle Boots Market size is expected to reach USD 1151.16 Mn by 2029. 4] Which are the top players in the Global Ankle Boots Market? Ans. The major top players in the Global Ankle Boots Market are FRYE, Steve Madden, Sorel and others. 5] What are the factors driving the Global Ankle Boots Market growth? Ans. The rise in disposable income and changing consumer preferences as well as fashion trends are expected to drive market growth during the forecast period.
1. Ankle Boots Market: Research Methodology 2. Ankle Boots Market: Executive Summary 3. Ankle Boots Market: Competitive Landscape 3.1. MMR Competition Matrix 3.2. Competitive Landscape 3.3. Key Players Benchmarking 3.4. Market Structure 3.4.1. Market Leaders 3.4.2. Market Followers 3.4.3. Emerging Players 3.5. Consolidation of the Market 4. Ankle Boots Market: Dynamics 4.1. Market Trends by Region 4.1.1. North America 4.1.2. Europe 4.1.3. Asia Pacific 4.1.4. Middle East and Africa 4.1.5. South America 4.2. Market Drivers by Region 4.2.1. North America 4.2.2. Europe 4.2.3. Asia Pacific 4.2.4. Middle East and Africa 4.2.5. South America 4.3. Market Restraints 4.4. Market Opportunities 4.5. Market Challenges 4.6. PORTER’s Five Forces Analysis 4.7. PESTLE Analysis 4.8. Value Chain Analysis 4.9. Regulatory Landscape by Region 4.9.1. North America 4.9.2. Europe 4.9.3. Asia Pacific 4.9.4. Middle East and Africa 4.9.5. South America 5. Ankle Boots Market Size and Forecast by Segments (by Value USD and Volume units) 5.1. Ankle Boots Market Size and Forecast, by Type (2022-2029) 5.1.1. Lace-Ups Boots 5.1.2. Zipper Boots 5.1.3. Buckle or Strap Boots 5.1.4. Chelsea Boots 5.1.5. Other 5.2. Ankle Boots Market Size and Forecast, by Application (2022-2029) 5.2.1. Men 5.2.2. Women 5.3. Ankle Boots Market Size and Forecast, by Distribution Channel (2022-2029) 5.3.1. Online Platform 5.3.2. Offline Platform 5.4. Ankle Boots Market Size and Forecast, by Material (2022-2029) 5.4.1. Leather 5.4.2. Suede 5.4.3. Synthetic 5.4.4. Textile 5.4.5. Vegan 5.5. Ankle Boots Market Size and Forecast, by End-user (2022-2029) 5.5.1. Casual 5.5.2. Formal 5.5.3. Party 5.5.4. Outdoor 5.6. Ankle Boots Market Size and Forecast, by Region (2022-2029) 5.6.1. North America 5.6.2. Europe 5.6.3. Asia Pacific 5.6.4. Middle East and Africa 5.6.5. South America 6. North America Ankle Boots Market Size and Forecast (by Value USD and Volume units) 6.1. North America Ankle Boots Market Size and Forecast, by Type (2022-2029) 6.1.1. Lace-Ups Boots 6.1.2. Zipper Boots 6.1.3. Buckle or Strap Boots 6.1.4. Chelsea Boots 6.1.5. Other 6.2. North America Ankle Boots Market Size and Forecast, by Application (2022-2029) 6.2.1. Men 6.2.2. Women 6.3. North America Ankle Boots Market Size and Forecast, by Distribution Channel (2022-2029) 6.3.1. Online Platform 6.3.2. Offline Platform 6.4. North America Ankle Boots Market Size and Forecast, by Material (2022-2029) 6.4.1. Leather 6.4.2. Suede 6.4.3. Synthetic 6.4.4. Textile 6.4.5. Vegan 6.5. North America Ankle Boots Market Size and Forecast, by End-user (2022-2029) 6.5.1. Casual 6.5.2. Formal 6.5.3. Party 6.5.4. Outdoor 6.6. North America Ankle Boots Market Size and Forecast, by Country (2022-2029) 6.6.1. United States 6.6.2. Canada 6.6.3. Mexico 7. Europe Ankle Boots Market Size and Forecast (by Value USD and Volume units) 7.1. Europe Ankle Boots Market Size and Forecast, by Type (2022-2029) 7.1.1. Lace-Ups Boots 7.1.2. Zipper Boots 7.1.3. Buckle or Strap Boots 7.1.4. Chelsea Boots 7.1.5. Other 7.2. Europe Ankle Boots Market Size and Forecast, by Application (2022-2029) 7.2.1. Men 7.2.2. Women 7.3. Europe Ankle Boots Market Size and Forecast, by Distribution Channel (2022-2029) 7.3.1. Online Platform 7.3.2. Offline Platform 7.4. Europe Ankle Boots Market Size and Forecast, by Material (2022-2029) 7.4.1. Leather 7.4.2. Suede 7.4.3. Synthetic 7.4.4. Textile 7.4.5. Vegan 7.5. Europe Ankle Boots Market Size and Forecast, by End-user (2022-2029) 7.5.1. Casual 7.5.2. Formal 7.5.3. Party 7.5.4. Outdoor 7.6. Europe Ankle Boots Market Size and Forecast, by Country (2022-2029) 7.6.1. UK 7.6.2. France 7.6.3. Germany 7.6.4. Italy 7.6.5. Spain 7.6.6. Sweden 7.6.7. Austria 7.6.8. Rest of Europe 8. Asia Pacific Ankle Boots Market Size and Forecast (by Value USD and Volume units) 8.1. Asia Pacific Ankle Boots Market Size and Forecast, by Type (2022-2029) 8.1.1. Lace-Ups Boots 8.1.2. Zipper Boots 8.1.3. Buckle or Strap Boots 8.1.4. Chelsea Boots 8.1.5. Other 8.2. Asia Pacific Ankle Boots Market Size and Forecast, by Application (2022-2029) 8.2.1. Men 8.2.2. Women 8.3. Asia Pacific Ankle Boots Market Size and Forecast, by Distribution Channel (2022-2029) 8.3.1. Online Platform 8.3.2. Offline Platform 8.4. Asia Pacific Ankle Boots Market Size and Forecast, by Material (2022-2029) 8.4.1. Leather 8.4.2. Suede 8.4.3. Synthetic 8.4.4. Textile 8.4.5. Vegan 8.5. Asia Pacific Ankle Boots Market Size and Forecast, by End-user (2022-2029) 8.5.1. Casual 8.5.2. Formal 8.5.3. Party 8.5.4. Outdoor 8.6. Asia Pacific Ankle Boots Market Size and Forecast, by Country (2022-2029) 8.6.1. China 8.6.2. S Korea 8.6.3. Japan 8.6.4. India 8.6.5. Australia 8.6.6. Indonesia 8.6.7. Malaysia 8.6.8. Vietnam 8.6.9. Taiwan 8.6.10. Bangladesh 8.6.11. Pakistan 8.6.12. Rest of Asia Pacific 9. Middle East and Africa Ankle Boots Market Size and Forecast (by Value USD and Volume units) 9.1. Middle East and Africa Ankle Boots Market Size and Forecast, by Type (2022-2029) 9.1.1. Lace-Ups Boots 9.1.2. Zipper Boots 9.1.3. Buckle or Strap Boots 9.1.4. Chelsea Boots 9.1.5. Other 9.2. Middle East and Africa Ankle Boots Market Size and Forecast, by Application (2022-2029) 9.2.1. Men 9.2.2. Women 9.3. Middle East and Africa Ankle Boots Market Size and Forecast, by Distribution Channel (2022-2029) 9.3.1. Online Platform 9.3.2. Offline Platform 9.4. Middle East and Africa Ankle Boots Market Size and Forecast, by Material (2022-2029) 9.4.1. Leather 9.4.2. Suede 9.4.3. Synthetic 9.4.4. Textile 9.4.5. Vegan 9.5. Middle East and Africa Ankle Boots Market Size and Forecast, by End-user (2022-2029) 9.5.1. Casual 9.5.2. Formal 9.5.3. Party 9.5.4. Outdoor 9.6. Middle East and Africa Ankle Boots Market Size and Forecast, by Country (2022-2029) 9.6.1. South Africa 9.6.2. GCC 9.6.3. Egypt 9.6.4. Nigeria 9.6.5. Rest of ME&A 10. South America Ankle Boots Market Size and Forecast (by Value USD and Volume units) 10.1. South America Ankle Boots Market Size and Forecast, by Type (2022-2029) 10.1.1. Lace-Ups Boots 10.1.2. Zipper Boots 10.1.3. Buckle or Strap Boots 10.1.4. Chelsea Boots 10.1.5. Other 10.2. South America Ankle Boots Market Size and Forecast, by Application (2022-2029) 10.2.1. Men 10.2.2. Women 10.3. South America Ankle Boots Market Size and Forecast, by Distribution Channel (2022-2029) 10.3.1. Online Platform 10.3.2. Offline Platform 10.4. South America Ankle Boots Market Size and Forecast, by Material (2022-2029) 10.4.1. Leather 10.4.2. Suede 10.4.3. Synthetic 10.4.4. Textile 10.4.5. Vegan 10.5. South America Ankle Boots Market Size and Forecast, by End-user (2022-2029) 10.5.1. Casual 10.5.2. Formal 10.5.3. Party 10.5.4. Outdoor 10.6. South America Ankle Boots Market Size and Forecast, by Country (2022-2029) 10.6.1. Brazil 10.6.2. Argentina 10.6.3. Rest of South America 11. Company Profile: Key players 11.1. X 11.1.1. Company Overview 11.1.2. Financial Overview 11.1.3. Business Portfolio 11.1.4. SWOT Analysis 11.1.5. Business Strategy 11.1.6. Recent Developments 11.2. X 11.3. 12. Key Findings 13. Industry Recommendation

About This Report

Report ID 210026
Category Consumer Goods & Services
Published Date Aug 2023
Updated Date
  • INQUIRE BEFORE BUYING