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The growing popularity of trail running along with the growing popularity of outdoor sports and recreation is expected to drive product demand, according to a new report released by Grand View Research.
The Global trail running shoes market the size should reach usd 8.9 billion through 2025, by registering a 5.9% TCCA during the forecast period, according to a new report released by Grand View Research, Inc. Growing participation in trail running events is expected to drive product demand. The growing popularity of outdoor activities supports the demand for products. According to the Physical Activity Council, the participation rate in outdoor activities increased from 53.9% in 2013 to 59.2% in 2018. The rise of the marathon is also expected to drive the growth of the market.
The demand for trail running shoes is mainly due to the growing number of female participants. 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 market growth. The demand for registration for this event increased by 68% from 2016 to 2019. In 2019, the event received 26,000 applications from 10,000 locations. There are approximately 4,300 races certified and recognized by the International Trail Running Association (ITRA), with approximately 10,000 events organized around the world.
A high number of professional ultra trail participants is also a major factor in the growth of the trail running shoes market. Ultra-trailering has grown 14% year-on-year over the past 25 years. Participants in this group are the primary consumers of trail running shoes. High adoption by these consumers to maintain grip on dirt, mud, gravel, roots and rock slabs, as well as to protect feet from injury, should bode well for the overall growth of the market.
Asia-Pacific registered the fastest CAGR in 2018 and is expected to continue to dominate during the forecast period. The growth is mainly driven by the demand for trail running shoes from China. North America was the largest market in 2018. According to the American Trail Running Association, 83% of runners wore trail-specific shoes when training on the trails in 2019, up from 78% in 2018.
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Highlights of the Trail Running Shoes Market Report
• By type, lightweight trail running shoes emerged as the largest and fastest growing segment in 2018, due to the preference of newcomers due to the strong traction on the ground.
• Rugged trail running shoes are expected to experience strong growth during the forecast period, due to strong demand from runners who prefer to run on hiking trails.
• The offline distribution channel accounts for the majority of the market share in terms of product sales, due to the availability of the right fit and cushioning and helps to understand the mechanism of footwear functionality.
• Some of the major 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 United States, Inc .; Asics Group; Deckers Outdoor Corporation; and Amer Sports
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Segmentation of the trail running shoes market
Grand View Research has segmented the global trail running shoes market on the basis of type, distribution channel and region:
Type of Trail Running Shoes Outlook (Revenue, USD Million, 2015 – 2025)
• Lightweight trail running shoes
• Rugged trail running shoes
• Off-road running shoes
Trail Running Shoes Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)
• In line
Regional Trail Running Shoes Outlook (Revenue, USD Million, 2015 – 2025)
• North America
• Asia Pacific
• Central and South America (CSA)
• Middle East and Africa
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