Trail Running Shoes Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Published on : Feb-2020 | List of Tables : 81 | List of Figures : 147 | No. of Pages : 170 | Report Code : FACT4521MR |

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.

trail running shoe market 1

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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. The trail running shoe offers Vibram Mega Grip Sole along with fresh foam and TPU coated material to ensure comfort and safety in all kinds of trails. Major companies in the global trail running shoes market are: Asics Group, Adidas AG, Nike Inc., Skechers USA Inc., VF Corporation, New Balance Athletics Inc., Wolverine World Wide Inc., Brooks Sports Inc., Deckers Outdoor Corporation, and Amer Sports Corporation.

trail running shoe market 2

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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.

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.

Type

Distributional Channel

Region

Light Trail

Offline

North America

Rugged Trail

Online

Latin America

Off Trail

 

Europe

 

 

East Asia

 

 

South Asia & Oceania

 

 

MEA

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.  

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.

The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries. The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global market. Some of the major competitors operating in the trail running shoes market are Adidas AG, Nike Inc., Skechers U.S.A, Inc., VF Corporation and others.

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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Trail Running Shoes Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029