Global Snow Shoes Market Will Surpass A Valuation Of Us$ 22 Mn By 2022

Rockville, US, 2022-Jun-28 — /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.

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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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Market Taxonomy

Product Type	Recreational and Trekking Snowshoes Backcountry Snowshoes Racing Snowshoes
Channel	Sport Stores Franchised Stores Speciality Stores Online
Price Range	Economy Mid-Range Premium Super- Premium
Demographics	Men Women Kids

Highlights from the Report Include

• 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 More Insights-https://www.globenewswire.com/news-release/2022/03/09/2400432/0/en/Low-Code-Development-Industry-is-Projected-to-Achieve-a-Global-Market-Size-of-US-187-Bn-by-2032-Currently-US-Accounts-For-the-Largest-Market-Share-in-the-World.html

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