Global Snow Shoes Market Poised to Expand at a CAGR 5.9% Through 2022

Fact.MR’s recently published report projects that the sales of Snow Shoes 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.

For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=237

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 snow shoes market 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.

Key Trends of Snow Shoes Market

• 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.
• 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.
• 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%.
• 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.

For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=237

Market Taxonomy

For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/237

Competition Tracking

Leading market player mentioned in the Fact.MR report include Skechers U.S.A., Inc., Adidas AG, Nike, Inc., ASICS Corporation, Chanel International B.V., Atlas Snowshoe Company, Reebok International Ltd, PUMA SE, Burberry Group plc, and GV Snowshoes.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2018/01/31/1329327/0/en/Global-Ice-Hockey-Apparel-Market-6-Insights-from-Fact-MR-Forecast-for-2017-2026.html

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com