Trail Running Shoes market Report 2024 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The global Trail Running Shoes market size was estimated at USD 8.2 billion in 2023 and is projected to reach USD 12.1 billion in 2030 at a CAGR of 5.8% during the forecast period 2024-2030.
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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 2020. 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), and around 10,000 events take place worldwide.
Delvens Industry Expert's Standpoint
Trail running shoes are increasingly favoured over ordinary running shoes due to their trail-specific design and features that enhance foot comfort and safety on rugged terrains. These shoes, known for their durability and ability to reduce the risk of injuries like sprained ankles, are expected to witness substantial growth in the global market. The rising participation of women in trail running and heightened safety concerns for off-road activities are significant factors driving this demand.
Competitive Landscape of Trail Running Shoes Market:
· NIKE INC.
· ASICS GROUP
· NEW BALANCE ATHLETICS INC.
· SKECHERS U.S.A INC.
· ADIDAS AG
· VF CORPORATION
· SALOMON
· DECKERS OUTDOOR CORPORATION
· ALTRA RUNNING
· WOLVERINE WORLD WIDE IN
· MONTRAIL
· THE NORTH FACE
· BROOKS SPORTS INC.
· INOV-8 and More
The growing trend of ultra-trail running is driving the demand for gadgets, clothing, safety equipment, and footwear required for trail running. Ultra-trail running witnessed an average 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 a grip over dirt, mud, gravel, roots, and rock slabs, along with minimizing foot injuries.
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Recent Developments
In March 2022, New Balance announced plans to expand its Green Leaf product line to include select footwear, focusing on high-volume models. This includes specific colorways from two of the brand's popular footwear models, the Fresh Foam 1080v12 and the 574. The initiative targets two of New Balance's most climate-impacting materials, polyester and leather, and aims to support the company's sustainability goals. The program is designed to help New Balance achieve its objective of sourcing 100% preferred leather and 50% recycled polyester, enhancing the environmental impact of its products.
The Trail Running Shoes Market is segmented into various segments such as Type, Distribution channel and Region:
Based on Type
· Light Trail Running Shoes
· Rugged Trail Running Shoes
· Off Trail Running Shoes
Based on Distribution channel
· Online
· Offline
Reasons to Acquire
· Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
· Gain authentic and granular data access for the Trail Running Shoes Market to understand the trends and the factors involved in changing market situations.
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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Frequently Asked Questions
· What are the years considered to study Trail Running Shoes Market intelligence report?
· What is the compound annual growth rate (CAGR) of the Trail Running Shoes Market?
· Which region holds the largest market share in Trail Running Shoes Market?
· Which region is the fastest growing in Trail Running Shoes Market?
· Who are the major players in Trail Running Shoes Market?
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