Key hiking and trail footwear market Report Highlights:
- Market Growth 2020-2025: $4.25 billion
- Growth momentum and CAGR: Accelerate to a CAGR of 7.93%
- Annual growth (%): 7.14%
- Contribution to successful market: Europe at 34%
- Main consumer countries: United States, Germany, France, China, and Canada
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Regional Market Analysis
34% of market growth will come from Europe during the forecast period. Germany and France are the main markets for hiking and trail running shoes in Europe. Market growth in this region will be faster than market growth in MEA, North America, and South America.
- countries such as Germany, France, Russia, and the UK have seen rapid growth in hiking and running in recent years. Increased support from private and public associations such as the European Walkers Association (ERA) and the Hiking Europe project to improve outdoor tourism infrastructure is a major factor in increasing participation in hiking and hiking activities. running.
- Specialty hiking and trail footwear is expected to see steady demand in the region due to increased hiking participation in several alpine trails. Additionally, increasing product premiumization and development of new products such as vegan hiking shoes are expected to contribute to the growth of the market in Europe during the forecast period.
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Top Vendors and Vendor 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 top sellers in the hiking and trail shoe market.
The market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
adidas AG – The company offers outdoor hiking shoes, trail running shoes and sneakers.
Amer Sports Corp.- The company offers hiking and trail shoe products through the Salomon brands.
ASICS Corp.- The company offers running and hiking shoes through its GEL-SCRAM 5 brand.
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Key Market Drivers
Our analysts have detailed insights into the major market drivers and their impact on the Hiking and Trail Running Shoes market.
- Increasing premiumization of hiking and running shoes:
- The increasing premiumization of hiking and running shoes is expected to drive the market over the forecast period. Advances in shoe technology have allowed several vendors to introduce activity-specific shoes 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 over the past few years.
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Scope of the hiking and trail running shoes market |
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Report cover |
Details |
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Page number |
120 |
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Year of reference |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum and CAGR |
Accelerate at a CAGR of 7.93% |
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Market Growth 2021-2025 |
$4.25 billion |
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Market structure |
Fragmented |
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Annual growth (%) |
7.14 |
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Regional analysis |
Europe, North America, APAC, South America and MEA |
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Successful market contribution |
Europe at 34% |
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Main consumer countries |
United States, Germany, China, France and Canada |
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Competitive landscape |
Leading companies, competitive strategies, scope of consumer engagement |
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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. |
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Market dynamics |
Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period, |
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Personalization area |
If our report does not include the data you are looking for, you can contact our analysts and customize the segments. |
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