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Trail Running Shoes Market Is Anticipated To Witness Vigorous Growth Worth $8.9 Billion By 2025| Grand View Research, Inc.

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Trail Running Shoes Market Is Anticipated To Witness Vigorous Growth Worth $8.9 Billion By 2025| Grand View Research, Inc.

January 24
09:58 2020
Trail Running Shoes Market Is Anticipated To Witness Vigorous Growth Worth $8.9 Billion By 2025| Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to a new report published by Grand View Research, Inc. 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. Increasing participation in trail running events is anticipated to drive the 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. Rising popularity of outdoor activities is supporting the product demand. As per the Physical Activity Council, the participation rate in outdoor activity increased from 53.9% in 2013 to 59.2% in 2018. The boom in marathon running is also projected to drive the market growth.

The demand for trail running shoes is majorly driven by growing number of female participants. The female participation in running increased from 22% in 2014 to 34% 2017. 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 68% rise from 2016 to 2019. In 2019, the event received 26,000 applications from 10,000 places. There are around 4,300 races are certified and recognized by the International Trail Running Association (ITRA) and around 10,000 events taking place worldwide.

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

To Request Sample Copy of this report, click the link:

https://www.grandviewresearch.com/industry-analysis/trail-running-shoes-market/request/rs4

https://www.grandviewresearch.com/static/img/research/us-trail-running-shoes-market.png

 

Growing trend of ultra-trail running is driving the demand for gadgets, clothing, safety equipment, footwear required for trail running. Ultra-trail running witnessed an average of 14% year-on-year growth over the past 25 years. The participants belonging to this group are the core consumers of trail running shoes. They prefer this type of footwear to maintain grip over dirt, mud, gravel, roots, and rock slabs, along with minimizing foot injuries.

Further key findings from the report suggest:

  • By type, light trail running shoes emerged as the largest and fastest growing segment in 2018, owing to preference by new comers 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 majority of market share in terms of product sales owing to availability of the right fit and cushioning and help to understand the mechanism of shoes’ functionality

https://www.grandviewresearch.com/static/img/research/global-trail-running-shoes-market.png

Have some specific queries about this report, our team of analyst will be glad to help!

Increasing participation in trail running is anticipated to drive the demand for shoes over the forecast period. Growing female participation is also driving the demand for trail shoes. From 2014 to 2017, the female participation in running increased from 22% to 34%. According to the American Trail Running Association, majority of trail runners are in the age group 40 to 59 years accounting for 53% of all the participants, while the age group 20 to 39 years accounted for 34% of the participants in 2018. Also, as per the Physical Activity Council, the participation rate in outdoor activity increased from 53.9% in 2013 to 59.2% in 2018. Increasing demand of trail running shoes among participants to maintain safety and reduce the chances of injuries and fatigue is expected to drive the market in near future.

High number of professional ultra-trail running participants is also a major factor driving the growth of the trail running shoes market. The 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 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.

Access complete Trail Running Shoes Report Portfolio By Grand View research, Inc.

Grand View Research has segmented the global trail running shoes market on the basis of type, distribution channel:

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

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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 68% rise from 2016 to 2019. In 2019, the event received 26,000 applications from 10,000 places. There are around 4,300 races are certified and recognized by the International Trail Running Association (ITRA) and around 10,000 events taking place worldwide.

Consumers prefer trail running shoes over regular running shoes owing to the build quality and trail specific designs. These footwear are beefier to handle the rough and rugged terrain which reduces the chances of sprained ankle. The rugged sole offer better traction on the middy and wet trails compared to other type of footwear. Also, growing trend of ethical consumerism is creating more opportunities for new players in the market. Projects such as Clean Run-a cross-brand open source platform collaboration to accelerate the development of sustainable trail running shoes-is used in increasing consumer awareness.

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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