34% of growth will come from Europe for the hiking and trail running shoe market | national news

0

NEW YORK, January 12, 2022 / PRNewswire / – The market for hiking and trail running shoes in Europe experienced some challenges in 2020. Russia, Great Britain, France, Italy, and Spain are among the most affected countries in the region. Most countries in the region have imposed lockdowns and are still subject to full or partial lockdowns.

Countries have also imposed travel restrictions on tourist spots, including hiking and trail destinations. These factors have had a negative influence on the demand for hiking and trail running shoes in Europe in 2020.

Key market for hiking and trail running shoes Highlights of the report:

  1. Market growth 2020-2025: $ 4.25 billion
  2. Growth momentum and CAGR: accelerating to a CAGR of 7.93%
  3. Year-over-year growth (%): 7.14%
  4. Efficient contribution to the market: Europe at 34%
  5. Main consumer countries: United States, Germany, France, China, and Canada

Want more data and information that is not included in this report? Contact our analysts and obtain this report which can be customized according to your needs. Talk to an analyst.

Regional market analysis

34% of market growth will come from Europe during the forecast period. Germany and France are the key markets for hiking and trail running shoes in Europe. Market growth in this region will be faster than market growth in MEA region, North America, and South America.

  • Countries such as Germany, France, Russia, and the UK have experienced rapid growth in hiking and trail running in recent years. Increased support from private and public associations such as the European Association of Hikers (ERA) and the Hiking Europe project aimed at improving outdoor tourism infrastructure is a major factor in increasing participation in hiking and running activities. walk.
  • Specialized hiking and trail shoes are expected to experience constant demand in the region due to increased participation in hiking in several alpine trails. In addition, the increasing premiumization of products and the development of new products such as vegan hiking shoes are expected to contribute to the market growth of Europe during the forecast period.

For more information on the regional market: Request a free sample report.

Key Suppliers and Supplier Strategies

adidas AG, Amer Sports Corp., ASICS Corp., Columbia Sportswear Co., Deckers Outdoor Corp., Nike Inc., PUMA SE, Under Armor Inc., VF Corp. and Wolverine World Wide Inc. are some of the leading vendors in the hiking and trail running shoe market.

The market is fragmented and vendors are deploying various organic and inorganic growth strategies to compete in the market.

adidas AG- The company offers outdoor hiking boots, trail running shoes and sneakers.

Amer Sports Corp.- The company offers hiking and trail running shoe products through the Salomon brands.

ASICS Corp.- The company offers running and hiking shoes through its GEL-SCRAM 5 brand.

Download our free sample report to have a brief understanding of the various other vendors and vendor strategies.

Main market drivers

Our analysts have described in detail the insights into the major market drivers and their impact on the Hiking and Trail Running Shoes market.

  • Growing premiumization of hiking and trail running shoes:
    • The increasing premiumization of hiking and running shoes is expected to drive the market during the forecast period. Advances in footwear technology have enabled several vendors to introduce activity specific footwear for hiking and running. Additionally, innovations in technical manufacturing, design and product development have driven hiking and trail running shoes upmarket in recent years. Growing consumer awareness of the benefits of specialty footwear has fueled the demand for premium hiking and trail running shoes in recent years.

Know some other market drivers, trends and challenges.

Download our free sample report

Here are some similar topics-

Hammocks Market by Material and Geography – Forecast and Analysis: The size of the hammock market has the potential to grow by $ 470.76 million during the period 2020-2024, and the growth dynamics of the market will accelerate during the forecast period. For in-depth research information: Download a free sample exclusive report

Global Outdoor Adventure Rugs Market: This market research identifies Cascade Designs, Klymit, Multimat, Exped, and Vango as the major players in the global Outdoor Adventure Rugs Market. For in-depth research information: Download a free sample exclusive report

Scope of the hiking and trail running shoe market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a CAGR of 7.93%

Market growth 2021-2025

$ 4.25 billion

Market structure

Fragmented

Annual growth (%)

7.14

Regional analysis

Europe, North America, APAC, South America and MEA

Efficient contribution to the market

Europe at 34%

Main consumer countries

United States, Germany, China, France and Canada

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

adidas AG, Amer Sports Corp., ASICS Corp., Columbia Sportswear Co., Deckers Outdoor Corp., Nike Inc., PUMA SE, Under Armor Inc., VF Corp. and Wolverine World Wide Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period,

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable information to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

Contact

Technavio research

Jesse maida

Communication and Marketing Officer

United States: +1 844 364 1100

United Kingdom: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com/

View original content to download multimedia: https://www.prnewswire.com/news-releases/34-of-growth-to-originate-from-europe-for-hiking-and-trail-footwear-market-301458406 .html

SOURCE Technavio

Share.

Comments are closed.