34% of Growth to Originate from Europe for Hiking and Trail Footwear Market

NEW YORK, Jan. 12, 2022 /PRNewswire/ — The hiking and trail footwear market in Europe witnessed certain challenges in 2020. Russia, the UK, France, Italy, and Spain are some of the most affected countries in the region. Most countries in the region imposed lockdowns and are still under full or partial lockdowns.

The countries also placed travel restrictions on tourist places, including hiking and trail destinations. These factors negatively influenced the demand for hiking and trail footwear in Europe in 2020.

Key Hiking and Trail Footwear Market Report Highlights:

  1. Market growth 2020-2025: USD 4.25 billion
  2. Growth momentum & CAGR: Accelerate at a CAGR of 7.93%
  3. YoY growth (%): 7.14%
  4. Performing market contribution: Europe at 34%
  5. Key consumer countries: US, Germany, France, China, and Canada

Want more data and information that is not included in this report? Reach out to our analysts and get this report can be personalized according to your needs. Speak to an Analyst.

Regional Market Analysis

34% of the market’s growth will originate from Europe during the forecast period. Germany and France are the key markets for hiking and trail footwear in Europe. Market growth in this region will be faster than the growth of the market in MEA, North America, and South America.

  • Countries such as Germany, France, Russia, and the UK have witnessed rapid growth in hiking and trail running participation over the last few years. Increased support from private and public associations such as the European Ramblers’ Association (ERA) and the Hiking Europe project to improve the outdoor tourism infrastructure is a major factor in increasing the participation in hiking and trail running activities.
  • Specialized hiking and trail footwear are expected to witness steady demand in the region owing to the increased hiking participation in several alpine trails. Additionally, increasing product premiumization and new product developments such as vegan hiking footwear are expected to contribute to the growth of the market in Europe during the forecast period.

For Additional Information about the regional market: Request for a free sample report.

Key Vendors and Vendor Strategies

adidas AG, Amer Sports Corp., ASICS Corp., Columbia Sportswear Co., Deckers Outdoor Corp., Nike Inc., PUMA SE, Under Armour Inc., VF Corp., and Wolverine World Wide Inc. are a few of the key vendors in the Hiking and Trail Footwear 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 boots, trail running shoes, and sneakers.

Amer Sports Corp.- The company offers hiking and trailing footwear products through Salomon brands.

ASICS Corp.- The company offers running ad hiking shoes through its brand GEL-SCRAM 5.

Download our free sample report to get a brief understanding about various other vendors and the vendors strategies.

Key Market Drivers

Our analysts have extensively outlined the information on the key market drivers and their impact on the Hiking and Trail Footwear Market.

  • Increasing premiumization of hiking and trail running footwear:
    • The increasing premiumization of hiking and trail running footwear is expected to drive the market during the forecast period. Advances in footwear technology have enabled several vendors to introduce activity-specific footwear for hiking and trail running. Additionally, innovations in technical fabrication, design, and product development have resulted in the premiumization of hiking and trail running footwear over the last few years. Growing consumer awareness about the benefits of specialized shoes has fueled the demand for premium hiking and trail running footwear over the last few years.

To know about few other market drivers, trends, and challenges.

Download our free sample report

Here are Some Similar Topics-

Hammocks Market by Material and Geography – Forecast and Analysis : The hammocks market size has the potential to grow by USD 470.76 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Download Exclusive Free Sample Report

Global Outdoor Adventure Mat Market: This market research study identifies Cascade Designs, Klymit, Multimat, Exped, and Vango as the leading players in the global outdoor adventure mat market. To get extensive research insights: Download Exclusive Free Sample Report

Hiking and Trail Footwear Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.93%

Market growth 2021-2025

$ 4.25 billion

Market structure

Fragmented

YoY growth (%)

7.14

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

Europe at 34%

Key consumer countries

US, Germany, China, France, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

adidas AG, Amer Sports Corp., ASICS Corp., Columbia Sportswear Co., Deckers Outdoor Corp., Nike Inc., PUMA SE, Under Armour Inc., VF Corp., and Wolverine World Wide Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/34-of-growth-to-originate-from-europe-for-hiking-and-trail-footwear-market-301458406.html

SOURCE Technavio

34% of Growth to Originate from Europe for Hiking and Trail Footwear Market WeeklyReviewer

PR Newswire Sports News

World Reviewer Staff
World Reviewer Staffhttps://weeklyreviewer.com/
The first logical thought has to be "no way". I'm the World Observer! Ill find and share important news all day.

Latest articles

Earnings Disclosure

WeeklyReviewer earns primarily through affiliates and ads. We don’t encourage anyone to click on ads for any other purpose but your own. We recommend products and services often for our readers, and through many we will earn commissions through affiliate programs.

Related articles

WeeklyReviewer