What is Outdoor Shoes Market?
Outdoor shoes are designed for short hikes lasting from a few hours to a maximum of two days on relatively easy, flat terrain, with just an average amount of gear on the back. The sole of an outdoor shoe should be stiff enough to ensure a stable footing and help prevent sprains. Changing socio-economic scenario fueled by high living standards is expected to provide a lucrative opportunity for the very market in developing countries. Recently industry operators have been impacted by rising price-based competition from department stores and online retailers over the period. In addition, negative consumer sentiment and declining household incomes due to the COVID-19 pandemic have constrained consumer spending on footwear.
The market study is being classified by Type (Climbing Shoes, Trail Shoes and Mountain Boots), by Application (Hiking, Trail Running, Climbing and Others) and major geographies with country level break-up.
Scarpa (Italy), Lowa (Germany), Danner (United States), Salomon (France), Merrell (United States), Zamberlan (Italy), Asolo (Italy), Garmont (Italy), Keen (United States) and Ecco (Denmark) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Hinature, Meindl, Trezeta, Hanwag and Aku.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States and Italian Vendors will contribute to the maximum growth of Global Outdoor Shoes market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Outdoor Shoes market by Type, Application and Region.
On the basis of geography, the market of Outdoor Shoes 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Number of People Opting For Outdoor Activity
- Rising Participation in Fitness Activities
- The Growing Inclination of the Population towards a Healthy Lifestyle
- Fluctuations in Prices of Raw Materials
- Growing Number of Hiking and Climbing Events
- The dominance of Local Players Product
Key Target AudienceManufacturers of Outdoor Shoes, Suppliers of Outdoor Shoes, Wholesalers, Distributors, and Retailers of Outdoor Shoes, Raw Material Providers, Potential Investors and Others
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