Trail Sports Accessories Market Scope
Trail sports have become increasingly popular among people of all ages. Trail running is getting increasingly popular, attracting more participants, students, and trendy young runners. Many running organisations are scheduling their runs through online social groups, a trend that is gaining steam. Trail sports gear are devices with multiple design aspects that are developed for jogging or hiking on trails. Trail running accessories differ from track and road running equipment in that they must adapt to the mountainous terrain, which includes much larger descents and ascents. Factors such as rising demand for outdoor fitness activities, in the post pandemic era, has facilitated demand for trail sports accessories globally.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Big Agnes, Inc. (United States), Adidas AG. (Germany), Wolverine World Wide, Inc. (United States), Skechers USA, Inc. (United States), Columbia Sportswear Company (United States), Oberalp S.p.a. (Italy), Black Diamond, Inc. (United States), Deckers Outdoor Corporation (United States), Amer Sports Corporation (Finland) and Decathlon Group (France) |
CAGR | % |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Trail Sports Accessories market throughout the predicted period.
Big Agnes, Inc. (United States), Adidas AG. (Germany), Wolverine World Wide, Inc. (United States), Skechers USA, Inc. (United States), Columbia Sportswear Company (United States), Oberalp S.p.a. (Italy), Black Diamond, Inc. (United States), Deckers Outdoor Corporation (United States), Amer Sports Corporation (Finland) and Decathlon Group (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Dynafit (United States), SCOTT Sports SA (Switzerland), Newell Brands Inc. (United States), Saucony (United States) and V.F. Corporation (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Trail Sports Accessories market by Type and Region with country level break-up.
On the basis of geography, the market of Trail Sports Accessories has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In January 2020, SCOTT Sports India Partners with Mumbai Runners (India’s Largest Running Community) to Promote Trail Running. The Alliance Intends to Engage and Educate Trail Aficionados and Outdoor Enthusiasts, With Specific Trail Events Planned to Educate Runners on The Technical and Safety Elements of Running on Trails.
In June 2021 - Former Nike and UA Designers Launched Speedland, Trail Running Footwear Brand with New Approach. Speedland is Ideally Equipped to Apply This Equipment Approach to The Trail Segment, Which Provides User-Specific Designs Specifically Targeted to Improve Trail Experience, Due to Its Size and Location.
Influencing Trend:
Growth in Sales Across Online Platforms
Market Growth Drivers:
Growing Health and Fitness Awareness and Surge in Demand for Outdoor Recreational Activities
Challenges:
Raw Material Price Fluctuation
Restraints:
Lack of User Awareness and High-Cost Expenses
Opportunities:
Rising Demand Across European Regions
Key Target Audience
Trail Sports Accessories Manufactures, New Entrants and Investors, Trail Sports Accessories Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others