Adventure Activities to Bolster Sales of Trail Running Shoes, Market Set to Grow at 5% CAGR
Consumer awareness is leading to a spike in health concerns globally. This is paving the way for mass participation in adventure sports that involve activities such as running in natural terrain. Educated consumers are buying trail running shoes specifically designed to withstand adventure activities. On the back of these factors, the global trail running shoes market will witness a demand surge and grow 1.7x during the forecast period (2019 - 2029).
Light Trail Running Shoes Show High Demand Growth
Light trail shoes hold a sizeable chunk of market share by type of trail running. This popularity among consumers can be traced back to multi-functionality of light trail running shoes which can be used for daily jogging as well as trail running. These shoes hit a sweet spot in consumer preferences by balancing safety, comfort, agility, and design.
Light trail shoes account for more than 40% of total demand for trail running shoes globally. Off trail running shoes follow close behind to leverage the rising adventure sports trend by providing enhanced features that aid running on difficult surfaces. Off trail segment is expected to grow at a healthy growth rate of more than 6% through the forecast period.
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North America Continues to Lead, Opportunities Emerging in South Asia & Oceania
North America leads the global trail running shoe market. The America Trail Running Association found that 83% of runners used trail specific shoes in 2019. American consumers have adopted running as a staple activity. The rise in number of participants in trail running activities gives North America a market share of more than 35% between 2019 and 2029.
East Asia and South Asia & Oceania are emerging markets that show promising growth rates of more than 6.5% and 7% respectively. The growing population and e-commerce community acts as a driving force for countries in East Asia and South Asia & Oceania.
Marketing Strategies Govern Competition Landscape
The competitive landscape for trail running shoes is largely influenced by creative marketing strategies and innovative products that differentiate firms based on technology and functionality. For instance, Adidas Terrex Agravic Flow GTX employs advanced foam blowing technology to develop mid sole and Gore-Tex to enhance running experiences. Similarly, New Balance Athletics Inc. sells Fresh Foam Hierro V5.
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Global Trail Running Shoes Market: In-Depth Assessment on Key Segments
The global trail running shoes market is segmented on the basis of product type, distribution channel and region.
- Light Trail
- Rugged Trail
- Off Trail
- North America
- Latin America
- East Asia
- South Asia & Oceania
This taxonomy and the detailed toc prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.
Global Trail Running Shoes Market - Scope Of The Report
The following report provides forecast and analysis of the global trail running shoes market along with the historical data of 2014, estimated data 2019 and forecast data up to 2029 in terms of revenue (US$ Mn) and volume (‘000 Units), according to a Fact.MR study.
The research propounds critical trends that are currently influencing growth within the global trail running shoes market along with several macro-economic indicators. This newly published and insightful report on trail running shoes sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global trail running shoes market.
The report also comprises the study of current issues with end users and opportunities for trail running shoes. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews.
The dashboard included in the report provides a detailed comparison of trail running shoes manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the trail running shoes market provided in the report adds to the credibility of this exhaustive research study.
Country-specific assessment on demand for trail running shoes has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous trail running shoes manufacturers, experts, and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.
Global Trail Running Shoes Market: Research Methodology
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research.
The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the trail running shoes market.
A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the trail running shoes market, which includes global GDP growth rate, various industries growth rate, such as footwear, sports & leisure, and others. This report serves as an authentic resource of intelligence on the trail running shoes market, enabling the readers to take fact-based decisions on the future direction of their businesses.
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Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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