Jan 03, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Trail Running Shoes Market.
It was estimated prior to this unanticipated outbreak that the Trail Running Shoes Market is likely to witness a CAGR of 6.7% during the forecast period. The prime factors that are driving the trail running shoes market are growing popularity of outdoor sports and recreational activities and rising safety concerns during off-road running.
Trail running shoes are designed to support and protect the foot on rugged terrain. These shoes offer durable soles to defend against rocks, sticks, and other obstacles one might encounter on the trails. Trail running shoes can be categorized based on type into light, rugged and off trail. Based on the distribution channel, the market can be bifurcated into online and offline.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Segment Analysis
Based on the type, the market is segmented as light, rugged, and off trail. Light trail running shoes dominated the market in 2019 and is expected to maintain its position during the forecast period. Increasing consumer preference for light trail shoes for fire roads, gravel paths, and rolling hills is the major factor towards the dominance of the segment.
Based on the distribution channel, the trail running shoes market is segmented as offline and online. The offline segment holds the major share of the pie; however, the online segment is expected to witness a higher growth during the forecast period. Consumer preference towards purchasing from stores is mostly driven by ‘finding of right fit’, choose from different available options, and better understanding of mechanism and functionality of shoes.
In terms of regions, North America is estimated to be the largest market for trail running shoes during the forecast period. Increasing outdoor activities and focus towards health is the major factor driving the outdoor activities in the region. Increasing outdoor activities is fueling the growth of the trail running shoes market in the region. Europe and Asia-Pacific are the other major markets and are expected to witness significant growth during the forecast period.
Key Players:
Key players operating in the global Trail Running Shoes market are-
- VF Corporation
- New Balance Athletics, Inc.
- Wolverine World Wide Inc.
- Brooks Sports, Inc.
- Adidas AG
- Nike Inc.
- Skechers USA, Inc.
- Asics Group
- Deckers Outdoor Corporation
- Amer Sports Oyj.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Trail Running Shoes analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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