Global Snow Shoes Market Outlook with Ongoing Trends, Top Players Profile Analysis and Forecast till 2022

Rockville, US, 2018-Feb-05 — /EPR Network/ —  Fact.MR’s recently published report projects that the global snow shoes market will surpass a valuation of US$ 22 Mn, expanding at a sound CAGR of 5.9% over the forecast period (2017-2022). Demand for snow shoes continues to be high in the areas that receive heavy snowfall. Snow shoes are a commonly used commodity in parts of the world that are mostly covered in snow throughout the year. Moreover, growing popularity of snowshoeing and several other winter sports is making a positive impact of snow shoes sales. People also use snow shoes to avoid picking up any critical foot injuries while walking on snow. In winter sports events, athletes use snow shoes for more comfortable running, trekking and hiking. The latest versions of the snow shoes come with superior design that make them more efficient and accountable. Further, companies that manufacture snow shoes are emphasizing on making their products lighter and easy to wear. The aforementioned factors are anticipated to propel the growth of the global market for snow shoes in the forthcoming years. Hence, widespread availability of snow shoes in all sizes and shapes and stylish designs are boosting the sales of snow shoes. Some of the leading brands are launching a wide range of inexpensive snow shoes in order to gain more market share.

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The report offers an overview of the snow shoes market. This comprises an introduction to the market, along with a standard definition of the product – snow shoes. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global snow shoes market, the report provides updates about market opportunities, which can benefit leading manufacturers of snow shoes. With continuous evolution of the sports industry, keeping a record of latest developments and trends is fundamental for snow shoes manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.

Highlights from the Report Include

  1. On the basis of product type, the recreational and trekking snowshoes segment is expected to remain dominant in 2017 and beyond. This segment currently commands for over one one-third market share in terms of revenue is expected to witness an above average CAGR during the forecast period. Meanwhile, the racing snowshoes segment is projected to retain its second position over 2022.
  2. By channel, the speciality stores segment and online segment collectively account for more than 50% revenue share of the global market. In addition, the former is expected to surpass a valuation of US$ 8 Mn towards the end of 2022, expanding at a significant CAGR.
  3. By price range, the economy segment is projected to remain highly lucrative over 2022. Currently, the segment is commands for close to 38% revenue share of the market. During the forecast period, economy segment is expected to exhibit a CAGR of 5.6%.
  4. Among region markets, North America is anticipated to dominate the global snow shoes market in terms of revenue during the forecast period. The snow shoes market in North America is expected to, reflect a healthy CAGR of 5.3% between 2017 and 2022. This is primarily owing to the high participation of people in winter sports and the widespread popularity of snowshoeing in the region.

Recreational and Trekking Snowshoes will Remain Sought-After

On the basis of product type, demand for recreational and trekking snowshoes is expected to remain strong throughout the forecast period. Global sales of recreational and trekking snow shoes presently command for over 36% revenue share of the market. By the end of assessment period, around US$ 8 Mn worth recreational and trekking snowshoes are estimated to be sold worldwide.

Among region markets, North America is anticipated to dominate the global snow shoes market in terms of revenue during the forecast period. The snow shoes market in North America is expected to, reflect a healthy CAGR of 5.3% between 2017 and 2022. This is primarily owing to the high participation of people in winter sports and the widespread popularity of snowshoeing in this region.

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Competition Tracking

Adidas AG, Reebok International Ltd, Nike, Inc., PUMA SE, ASICS Corporation, Burberry Group plc, Chanel International B.V., GV Snowshoes, Atlas Snowshoe Company, Skechers U.S.A., Inc., are the key players profiled in the global snow shoes market.

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About Fact.MR       
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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