The global trail running shoes market is estimated to value at USD 8.9 billion by 2025, expanding at a CAGR of 5.9%, according to a new report by Grand View Research, Inc. Growing popularity of cross-country marathon and adventure sports is more likely to encourage market growth during the forecast period. In addition, the market development is influenced by the presence of key players holding a huge share in sportswear industry.
Also, the growing competition among shoe brands to attract huge consumer base gained a huge traction in the past few years. Many big brands have acquired stakes in small and mid-size companies to expand and diversify their product portfolio. From the consumer perspective, the buying trend of trail running shoes has grown basis the availability of variety of brands according to the demography.
The demand for rugged trail running shoes has grown mostly for its robust features. For instance, rugged running shoes reduce the chance of ankle sprain and offers better grip on muddy soil and wet trails. Growing number of marathon events is encouraging the trend of high consumerism. Also, technological advances in the product manufacturing is one of the latest developments in the industry. For instance, [projects such as Clean Run i.e. cross-brand open source platform collaboration is expected to enhance the demand for sustainable trail running shoes.
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Effect of Covid-19:
The start of 2020 saw the rise in pandemic resulting in disruption of supply chain in the sportswear industry. Amid the lockdown and businesses coming to a standstill, the sports industry witnessed decline in the sales of running shoes in most parts of the world. However, in the third quarter and with easing of restrictions and resumption of businesses, the sports wear industry and trail running shoes market is anticipated to rise with a positive growth. The demand has turned high as amateur fitness enthusiasts have shown interests for trekking, cycling, and trail running. Therefore, it is anticipated that the trail running shoes industry is likely to move ahead positively in the forthcoming years.
Key Takeaways from the report:
- Rise in number of professional runners and growing number of participants for marathons is one of the prominent factors resulting in a significant growth
- Light trail running shoes are likely to account for a significant share attributing to the rise in popularity by runners
- Offline distribution channels are likely to result at a significant rate attributing to the high product sales and availability of relevant size and fit
- Asia Pacific accounted for a significant share in 2019 and will remain at a dominant position in the forthcoming years. Moreover, the emergence of e-commerce has resulted into volumetric sales for sports wear and accessories
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- Amer Sports
- Wolverine Worldwide Inc
- Brooks Sports Inc
- Adidas AG
- Nike Inc
- Skechers USA Inc
- Deckers Outdoor Corporation
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Grand View Research has segmented the global trail running shoes market on the basis of type, distribution channel, and region:
Trail Running Shoes Type Outlook (Revenue, USD Million, 2015 – 2025)
- Light Trail Running Shoes
- Rugged Trail Running Shoes
- Off Trail Running Shoes
Trail Running Shoes Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)
Trail Running Shoes Regional Outlook (Revenue, USD Million, 2015 – 2025)
Central & South America (CSA)
Middle East & Africa (MEA)
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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