Snow Shoes Market Evaluation, Innovation Trends and Explosive Growth 2022 by Key Players

 

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 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.

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.

Request a Sample: https://www.factmr.com/connectus/sample?flag=S&rep_id=237

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.

Request Report Methodology: https://www.factmr.com/connectus/sample?flag=RM&rep_id=237

About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

FactMR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-4434-232
Tel: +353-1-6111-593
Email: sales@factmr.com
Blog: https://www.factmr.com/