Global Snow Shoes Market Overview, Trends and Growth Forecast During 2017- 2022

Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth ofSnow Shoes Market. The study is titled as “Snow Shoes Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of (). For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global snow shoes market.

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Demand for snow shoes remains concentered in regions that receive heavy snowfall. In addition, increasing popularity of snowshoeing and other winter sports activities continue to reflect positively on the sales of snow shoes. Snow shoes are considered as an essential commodity in areas that receive extensive snowfall. Use of snow shoes while walking over surface that are thickly covered with snow can also help in preventing severe foot injuries. Moreover, modern snow shoes have a superior design as compared to traditional shoes, and therefore, are more efficient and durable. Manufacturers are concentrating on development of snow shoes that are much lighter and comfortable to wear. Factors as such are expected to support the growth of the global snow shoes marketover next couple of years. In addition, reinvented designs coupled with availability of snow shoes in all shapes and sizes is further boosting the popularity of snow shoes among consumers. Manufacturers are also introducing snow shoes with lower prices in order to penetrate a wider pool of price-sensitive consumers.

A snow shoe is footwear normally used for walking over snow covered surfaces. Snow shoes prevent the wearer’s foot from sinking entirely into the snow, by equally distributing the body weight of the person on a larger surface area. People also use snowshoes for snowshoeing, which is a form of hiking. The conventional snowshoes have rawhide lacing on a hardwood frame. However, the latest designs of snowshoes are include materials such as synthetic fabric, metal plastic and lightweight metal.

The scope of Fact.MR’s report is to analyze the global snow shoes market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Snow shoes manufacturers, stakeholders, and suppliers in the sports industry can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to snow shoes.

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Highlights from the Report Include

1. 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.
2. 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.
3. 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%.
4. 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.

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This release was published on openPR.