10:35 AM The changing dynamics in Trail Running Shoes Market with covid-19 impact assessment |
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The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including Trail Running Shoes Market.
It was estimated prior to this unanticipated outbreak Trail Running Shoes Market will reach CAGR of 6.7% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Trail Running Shoes Market Insights
Trail Running Shoes market is likely to witness a CAGR of 6.7% during the forecast period. The prime factors that are driving the trail running shoes market are growing popularity of outdoor sports and recreational activities and rising safety concerns during off-road running.
Market Share Analysis
Trail Running Shoes Market Share: By Type
Based on the type, the market is segmented as light, rugged, and off trail. Light trail running shoes dominated the market in 2019 and is expected to maintain its position during the forecast period. Increasing consumer preference for light trail shoes for fire roads, gravel paths, and rolling hills is the major factor towards the dominance of the segment.
Trail Running Shoes Market Share: By Distribution Channel
Based on the distribution channel, the trail running shoes market is segmented as offline and online. The offline segment holds the major share of the pie; however, the online segment is expected to witness a higher growth during the forecast period. Consumer preference towards purchasing from stores is mostly driven by ‘finding of right fit’, choose from different available options, and better understanding of mechanism and functionality of shoes.
Trail Running Shoes Market Share: By Region
In terms of regions, North America is estimated to be the largest market for trail running shoes during the forecast period. Increasing outdoor activities and focus towards health is the major factor driving the outdoor activities in the region. Increasing outdoor activities is fueling the growth of the trail running shoes market in the region. Europe and Asia-Pacific are the other major markets and are expected to witness significant growth during the forecast period.
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