Report of Global Military Boot Market
According to the latest report on the global military boot industry sales market, the sales revenue of the global military boot industry is expected to grow from 4.2 billion 2018 to 5 billion in 2025, with a compound annual growth rate of 2.4%. The report, published by WealthInsight, focuses on market research and intelligence analysis of the global defense industry.
The report indicates that North America is the largest market for military boots, accounting for 40% of the global market share. With increased government spending on military equipment in the United States, the market size in this region is expected to maintain steady growth. Europe is the second-largest market, with its market share projected to slightly increase from the current 25% to 28% by 2025.
GloryFootwear to keep up with the world
Currently, major global military boot manufacturers include Belleville Boots, Wolverine World Wide, Iturri, Haix®, and McRae Industries. These companies dominate the industry with their high-quality products, technological innovation capabilities, and global distribution networks. In the future, manufacturers from emerging markets such as China and India are expected to penetrate the global market.
As a leading global military boot manufacturer, Gloryfootwear recognizes the growth opportunities in the industry. With 20 years of industry experience, Gloryfootwear has become one of the major suppliers in the global military boot market, offering high-quality products, advanced production technologies, and a global distribution network.The company has two production bases in China with an annual capacity of 1 million pairs of military boots.
Jack Liu, Co-CEO of Gloryfootwear, stated, “Given the changing global security environment and the increasing demand for military equipment by governments worldwide, we see tremendous opportunities for our growth. Gloryfootwear will continue to invest in innovation, developing lighter, more comfortable, and more functional products to meet customer needs. Additionally, we will expand our presence in emerging markets such as the Middle East, Africa, and the Asia-Pacific region. Through product upgrades and global business expansion, our goal at Gloryfootwear is to achieve 10-15% annual sales revenue growth over the next 5 years.”
Looking ahead, the military boot industry sales offers vast growth opportunities, and Gloryfootwear is confident in strengthening its market position through innovative products and a global strategy, creating higher value for shareholders and customers.