The hiking and trail footwear market is expected to grow by USD 4.25 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the hiking and trail footwear market in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through the Response, Recovery, and Renew phases.
The hiking and trail footwear market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase as compared to 2020.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
Adjust their strategic planning to move ahead once business stability kicks in.
Build Resilience by making effective resource and investment choicesfor individual business units, products, and service lines.
Conceptualize scenario-based planning to mitigate future crisis situations.
Global Sports Footwear Market - Global sports footwear market is segmented by product (athleisure sports footwear, running sports footwear, court game sports footwear, cleats sports footwear, and others), end-user (professional users and recreational users), distribution channel (offline and online), application (outdoor sports footwear, sports-inspired footwear, and performance sports footwear), and geography (APAC, Europe, MEA, North America, and South America).
Major Three Hiking and Trail Footwear Market Participants:
adidas AG adidas AG operates its business through segments such as Footwear, Apparel, and Hardware. The company offers outdoor hiking boots, trail running shoes, and sneakers.
Amer Sports Corp. Amer Sports Corp. operates its business through segments such as Outdoor, Ball Sports, and Fitness. The company offers hiking and trailing footwear products through Salomon brands.
ASICS Corp. ASICS Corp. operates its business through segments such as Japan, North America, Europe, Greater China, Oceania, Southeast and South Asia, and Other Regions. The company offers running ad hiking shoes through its brand GEL-SCRAM 5.
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Hiking And Trail Footwear Market 2021-2025: Segmentation
Hiking and trail footwear market is segmented as below:
Trail Running Footwear
The hiking and trail footwear market is driven by the increasing premiumization of hiking and trail running footwear. In addition, other factors such as the rising popularity of eco-friendly footwear are expected to trigger the hiking and trail footwear market toward witnessing a CAGR of almost 8% during the forecast period.
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Market positioning of vendors
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