Since 2013, the waterproof footwear market in Germany has experienced considerable fluctuations. From 2013 to 2016, the market size saw a downward trend with minor recoveries. Notably, in 2017, there was a significant increase of 23.07%, followed by a dip in 2018 and 2019. However, from 2020 onwards, the market generally showed a positive trend with moderate growth rates.
As of 2023, the market value stood at USD 313.5 million. The last two years saw a year-on-year increase of 1.84% in 2022 and 1.79% in 2023, suggesting a stabilization phase. The Compound Annual Growth Rate (CAGR) for the previous five years was 0.96%.
Future projections estimate a steady annual CAGR of 1.3% over the next five years, with the market expected to reach USD 340.27 million by 2028, amounting to a 6.68% overall growth.
Future trends to watch for include advancements in waterproof technology, increased consumer demand for outdoor activities, and the growing emphasis on sustainable materials, which could further drive the market expansion.