Trail Running Shoes Market Key Drivers & On-Going Trends 2019 – 2025 | VF Corporation; New Balance Athletics, Inc., Adidas AG, Nike Inc. | Grand View Research, Inc.

August 25 02:08 2021
Trail Running Shoes Market Key Drivers & On-Going Trends 2019 - 2025 | VF Corporation; New Balance Athletics, Inc., Adidas AG, Nike Inc. | Grand View Research, Inc.
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According to a new report published by Grand View Research, the rising popularity of trail running along with the increasing popularity of outdoor sports and recreational activities is projected to drive product demand.

The global trail running shoes market size is expected to reach USD 8.9 billion by 2025, registering a 5.9% CAGR over the forecast period, according to a new report published by Grand View Research, Inc. Increasing participation in trail running events is anticipated to drive the product demand. The rising popularity of outdoor activities is supporting the product demand. As per the Physical Activity Council, the participation rate in outdoor activities increased from 53.9% in 2013 to 59.2% in 2018. The boom in marathon running is also projected to drive market growth.

The demand for trail running shoes is majorly driven by the growing number of female participants. The female participation in running increased from 22% in 2014 to 34% in 2017. The growing popularity of trail running events, such as Ultra-Trail du Mont-Blanc (UTMB), is also supporting the market growth. The demand for entry in this event witnessed a 68% rise from 2016 to 2019. In 2019, the event received 26,000 applications from 10,000 places. There are around 4,300 races certified and recognized by the International Trail Running Association (ITRA), with around 10,000 events taking place worldwide.

A high number of professional ultra-trail running participants is also a major factor driving the growth of the trail running shoes market. Ultra-trail running witnessed a 14% year-on-year growth over the past 25 years. The participants in this group are the core consumers of trail running shoes. High adoption among these consumers in order to maintain a grip over dirt, mud, gravel, roots, and rock slabs, along with protecting the feet from injuries, is expected to bode well for the overall market growth.

Asia Pacific registered the fastest CAGR in 2018 and is anticipated to continue leading over the forecasted period. The growth is majorly driven by the demand for trail running shoes from China. North America was the largest market in 2018. As per the American Trail Running Association, 83% of runners wore trail-specific shoes when training on the trails in 2019, compared to 78% in 2018.

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/trail-running-shoes-market

Trail Running Shoes Market Report Highlights

 By type, light trail running shoes emerged as the largest and fastest-growing segment in 2018, owing to preference by newcomers due to the high traction on the soil

 Rugged trail running shoes is estimated to witness strong growth over the forecast period, owing to high demand by the runners who prefer running on hiking trails

 Offline distribution channel accounts for the majority of market share in terms of product sales, owing to the availability of the right fit and cushioning and help to understand the mechanism of shoes’ functionality

 Some of the key players operating in the global trail running shoes market include VF Corporation; New Balance Athletics, Inc.; Wolverine World Wide Inc.; Brooks Sports, Inc.; Adidas AG; Nike Inc.; Skechers U.S.A, Inc.; Asics Group; Deckers Outdoor Corporation; and Amer Sports

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Trail Running Shoes Market Segmentation

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)

     Online
    Offline

Trail Running Shoes Regional Outlook (Revenue, USD Million, 2015 – 2025)          

     North America
        • U.S.
     Europe
        • Germany
        • U.K.
        • France
     Asia Pacific
        • China
        • Japan
    • Central & South America (CSA)
        • Brazil
     Middle East & Africa        

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/7052/ibb

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About Grand View Research

Grand View Research is a market research and consulting company registered in the State of California having its headquarters in San Francisco. The company offers syndicated research reports, customized research reports, and consulting services. With Grand View Research, you get an opportunity to understand market trends, insights, and business statistics from a strategic standpoint. With a deep-seated understanding of many business environments, Grand View Research offers business and market intelligence studies and accomplishes more than 300 multi-country market studies.

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Website: https://www.grandviewresearch.com/industry-analysis/trail-running-shoes-market


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