Global Water Shoes Market Assessment, By Material [Plastic, Fiber, Others], By Shoe Width [Narrow, Medium, Wide], By End-user [Men, Women, Children], By Price Range [Economy, Mid-range, Premium], By Distribution Channel [Specialty Stores, Online Retail Stores, Hypermarkets/Supermarkets, Sports Outlets], By Region, Opportunities and Forecast, 2017-2031F

Global water shoes market was valued at USD 206.7 million in 2023, expected to reach USD 270.09 million in 2031, with a CAGR of 3.4% for the forecast period between 2024 and 2031. The market is majorly driven by the growing interest of individuals in water-based activities, rising awareness for foot protection, and evolving consumer tastes and preferences for stylish as well as functional footwear. A lot of activities like beach outings, swimming, water sports, and outdoor adventures are supported by the comfort and grip provided by water shoes. Manufacturers are continuously bringing in innovation, customised designs, and advanced material technology in the industry to stay competitive.

Major players are constantly investing in research and development to produce water shoes with enhanced durability, performance, and sustainability. Plastic and fibre are commonly used materials, offering features like quick-drying, breathability, and water resistance. Additionally, the market is witnessing a surge in demand for eco-friendly water shoes made from sustainable or recycled materials, reflecting growing environmental consciousness among consumers.

Geographically, North America and Europe dominate the water shoes market due to high participation rates in water-related activities and strong consumer purchasing power. However, Asia-Pacific is emerging as a significant market, fueled by increasing disposable incomes, urbanization, and growing interest in outdoor recreational activities. Online retail channels are becoming increasingly popular for purchasing water shoes, offering convenience, a wide product range, and competitive pricing.

Overall, the global water shoes market is poised for continued expansion, driven by factors such as lifestyle changes, outdoor recreation trends, and the desire for comfort, performance, and style in footwear choices.

In April 2023, Salomon and Gramicci collaborated to manufacture an H2O-proof water shoe, Technosonic, that is constructed using ultra-resistant materials. The shoes have a collapsible heel that allows the consumer to switch from a sandal to a slip-on easily.

Rising Participation in Water-Based Activities to Fuel the Market

The surge in participation in water-based activities, including water sports, aquatic fitness, beach outings, and outdoor adventures, is fueling the demand for specialized footwear, driving the growth of the water shoes market. As more individuals seek recreational and fitness opportunities in or around water bodies, the need for footwear that offers comfort, protection, and traction in wet conditions becomes paramount. Whether engaging in activities like surfing, kayaking, or simply strolling along the beach, water shoes provide the necessary support and stability to enhance the overall experience and mitigate the risk of injuries. In April 2022, Aleader launched Women’s Xdrain Knit Pro Water Shoes with Xdrain technology that doesn’t let water sit in the shoes and provides dry feet to consumers. The product has a rubber outsole for enhanced grip in all terrains and a soft insole for extra comfort.

Additionally, as urbanization and lifestyle preferences shift towards outdoor recreation and wellness concerns, the market for water shoes is expected to continue expanding, presenting manufacturers with opportunities to innovate and cater to evolving consumer needs.

Growing Concern for the Environment

The growing concern for the environment is influencing consumer preferences towards eco-friendly products, including footwear like water shoes. The shift in consumer behavior is driven by a heightened awareness of environmental issues such as climate change, pollution, and resource depletion. As a result, there is a rising demand for water shoes made from sustainable or recycled materials. Manufacturers are responding to this demand by incorporating sustainable practices into their product offerings. It includes sourcing materials from renewable sources, reducing carbon emissions during manufacturing, and implementing recycling programs to minimize waste. Additionally, eco-friendly certifications and labels help consumers identify products that align with their values and environmental concerns.

In August 2023, Clarks Shoes and Red Paddle Co collaborated to develop and manufacture a pair of shoes, The Red x Clarks Water Shoes, in which the upper part is made up using sponges and meshes. It consists of webbing and the inner sock. The inner footbed and the outer sole consists of Bio EVA made of algae, with rubber on the toe and the heel. All the materials used are recyclable and belong to the premium range.

North America Holds the Largest Market Share

With growing interest of individuals in outdoor recreation activities, North America dominates the global water shoes market. People in the region have greater interest in outdoor activities like kayaking, paddleboarding, and beach outings, prompting manufacturers to bring innovation in footwear industry with durable products with better grip in water. As per the Outdoor Industry Association, the participant base of outdoor recreation activities in the United States rose 55 percent of the total population aging six and older in 2022. In fact, the participant base became more diversified in the same year with people including Hispanic, Black, and LBGTQIA+ population. 80 per cent of these outdoor activities included water-based categories like fishing, camping, and skateboarding. The market in North America is expected to continue to dominate the water shoes market with rising outdoor participant base and innovative products entering the market.

Future Market Scenario (2024 – 2031F)

·         Manufacturers are expected to introduce products that work in water and are comfortable and supportive in walking on land. Shoes that excel at both will gain a greater demand in future.

·         Asia-Pacific will emerge as an upcoming market with growing interest of people in water sports. The rising income levels in the region will boost the demand for aqua shoes.

·         Increasing online sales channels will provide a convenient platform for consumers to purchase water shoes, driving the water shoes market growth globally.

Report Scope

"Water Shoes Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of global water shoes market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, COVID-19 impact, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Report Attribute	Details
Base Year of the Analysis	2023
Historical Period	2017-2022
Forecast Period	2024-2031
Projected Growth Rate	CAGR of 3.4% from 2024-2031
Revenue Forecast in 2031	USD 270.09 million
Units	Revenue in USD in million
Segments Covered	Material, Shoe Width, End-user, Price Range, Distribution Channel
Regions Covered	North America, Europe, South America, Asia-Pacific and Middle East and Africa
Key Companies Profiled	Speedo International Limited, Crocs, Inc., Adidas AG, Nike, Inc., Merrell (Wolverine World Wide, Inc.), Columbia Sportswear Company, Aleader Group Inc., KEEN, Inc., Body Glove International, LLC, Teva (Deckers Outdoor Corporation)
Customization Scope	15% free report customization with purchase
Pricing and Purchase Options	Avail the customized purchase options to fulfil your precise research needs
Delivery Format	PDF and Excel through email (subject to the license purchased). We can also provide the editable version of the report in PPT/PDF format on special request

In the report, global water shoes market has been segmented into following categories: 

·         By Material

o   Plastic

o   Fiber

o   Others

·         By Shoe Width

o   Narrow

o   Medium

o   Wide

·         By End-user

o   Men

o   Women

o   Children

·         By Price Range

o   Economy

o   Mid-range

o   Premium

·         By Distribution Channel

o   Specialty Stores

o   Online Retail Stores

o   Hypermarkets/Supermarkets

o   Sports Outlets

·         By Region

o   North America

o   Europe

o   South America

o   Asia-Pacific

o   Middle East and Africa

Key Players Landscape and Outlook

Global water shoes market is characterized by the presence of several key players competing for market share. Established brands such as Speedo, Adidas, Nike, Crocs, and Merrell dominate the market with their extensive product offerings and strong brand recognition. These players focus on innovation, product differentiation, and marketing strategies to maintain their competitive edge. Global water shoes market is expected to witness continued growth driven by increasing consumer participation in water-related activities, rising awareness of foot protection, and advancements in material technology. Key players are likely to invest in research and development to introduce innovative products, expand their distribution networks, and capitalize on emerging market opportunities, sustaining their market position and driving overall market growth.

Key Players Operating in Global Water Shoes Market are:

·         Speedo International Limited

·         Crocs, Inc.

·         Adidas AG

·         Nike, Inc.

·         Merrell (Wolverine World Wide, Inc.)

·         Columbia Sportswear Company

·         Aleader Group Inc.

·         KEEN, Inc.

·         Body Glove International, LLC

·         Teva (Deckers Outdoor Corporation)

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·         What is the current and future market size of the product/service in question globally or specific to different countries?

·         How are the markets divided into different product/service segments and each segment’s market size and growth? 

·         What is the market potential of different product segments and their investment case?

·         How are the markets predicted to develop in the future and what factors will drive or inhibit growth?

·         What is the business environment and regulatory landscape specific to the product/service?

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