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Global Hiking and Trail Footwear Market 2019-2023 | Rising Popularity of Eco-Friendly Footwear to Boost Growth | Technavio

Technavio has announced its latest market research report titled global hiking and trail footwear market 2019-2023 (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--

The global hiking and trail footwear market is expected to post a CAGR of almost 8% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191203006143/en/

Consumers are increasingly becoming aware of the benefits associated with the use of specialized shoes. This has increased the demand for premium hiking and trail running footwear over the years. With advances in footwear technologies, many established vendors are introducing activity-specific footwear. In addition, factors such as innovations in technical fabrication, design, and product development have also contributed to the premiumization of hiking and trail running footwear. Therefore, increasing premiumization of hiking and trail running footwear is expected to fuel market growth during the forecast period.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR30943

As per Technavio, the rising popularity of eco-friendly footwear will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Hiking and Trail Footwear Market: Rising Popularity of Eco-Friendly Footwear

Increasing consumer preference for environmentally-friendly products, has led many vendors to focus on the development of eco-friendly hiking and trail running footwear. Footwear manufacturers are increasing the use of ethically sourced raw materials such as faux leather and synthetic materials to offer a wide range of eco-friendly and vegan footwear. A few vendors are also offering lightweight eco-friendly products that deliver comparable performance to traditional hiking and trail running footwear. This trend is expected to have a positive impact on market growth during the forecast period.

“Rapid growth in online sales and the rising popularity of maximalist hiking and trail running shoes will further boost market growth during the forecast period”, says a senior analyst at Technavio.

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Global Hiking and Trail Footwear Market: Segmentation Analysis

This market report segments the global hiking and trail footwear market by product (hiking footwear and trail running footwear) and geography (APAC, Europe, MEA, North America, and South America).

The European region led the market in 2018, followed by North America, APAC, South America, and MEA respectively. During the forecast period, the European region is expected to maintain its dominance over the market. This is due to increased participation in hiking and trail running activities in countries such as Germany, France, Russia, and the UK and increasing product premiumization with the introduction of products such as vegan hiking footwear.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Customer Landscape

Geographical Segmentation

  • Geographic comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191203006143/en/