The global trail sports accessories market to register a moderate CAGR over the forecast period 2017 to 2022. Revenues from global sales of trail sports accessories are expected to exceed US$ 2,000 Mn by 2022-end.
Albany, NY -- (SBWIRE) -- 10/13/2017 -- Accessories utilized for trail sports are different from the ones used in other regular activities such as hiking, trekking, or running and come with specialized design elements. The global market for trail sports accessories is anticipated to register a moderate CAGR during the period of forecast – 2017 to 2022. To capture the various dynamics impacting the market and to study the top performing segments during the five year period, Market Research Reports Search Engine (MRRSE) has included a new report in its database titled 'Trail Sports Accessories Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022.' This comprehensive study focuses on the various segments of the global trail sports accessories market and throws light on the numerous developments and trends likely to impact revenue growth during the forecast period.
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Rapid adoption of trail running among various age groups is boosting market revenue growth
Trail sports is fast emerging as a favorite sport among different ages of the population and several running centers are organizing trail runs among members through social online groups. Trail sports are facilitated by high-end apps that enable trail runners to handle difficult terrains and hence the importance of having a robust application cannot be undermined. Owing to this, there has been a steady growth in the number of interfaces facilitating seamless transfer to different networks. This factor is boosting the growth of the global trail sports accessories market.
Factors pulling market revenue growth downward
However, with consumers going the online route to meet their trail running needs, retailers are devising new solutions to target trail runner communities, resulting in increased costs and presenting several challenges. Also, with wearables fast gaining prominence and with a multitude of products available in the global market, selection of the right product is difficult and can pose challenges for retailers. These deterrents may restrict the global trail sports accessories market growth during the forecast period.
Shoes to remain the most attractive product type
In terms of product type, the global trail sports accessories market is segmented into trekking pole, helmet, tent, head lamps/lanterns, shoes, gloves, backpack, and others. Of all the product types, shoes are predicted to remain the favorite among trail runners. Tents and backpacks are likely to record parallel growth at a CAGR of 3.2% through the year 2022.
Direct to customer institutional channel largest segment by sales channel
The global trail sports accessories market is segmented on the basis of sales channel into third party online channel, franchised sports outlet, direct to customer institutional channel, modern trade channel, direct to customer online channel, direct to customer brand outlet, and independent sports outlet. The direct to customer institutional channel segment is projected to lead the global market for trail sports accessories, and is estimated to account for about one-fourth revenue share during the period of forecast.
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Economy trail sports accessories segment by price range to hold high market share
On the basis of price range, the global market for trail sports accessories is segmented into super-premium, mid-range, premium, and economy. The economy segment is anticipated to hold the highest market share during the period of forecast. Sales revenue from economy trail sports accessories is anticipated to reach about US$ 870 Mn towards the close of 2022.
Europe to retain its dominance throughout the period of assessment
The report tracks the performance of the global trail sports accessories market across the key regions of North America, Latin America, Europe, Asia Pacific Excluding Japan (APEJ), Japan, and the Middle East & Africa (MEA). Europe is projected to remain the dominant regional market for trail sports accessories in terms of revenue throughout the forecast period followed by the North America regional market. North America however, is expected to record a relatively high CAGR than Europe throughout the assessment period.
The report profiles the top companies operating across the global trail sports accessories market such as V.F. Corporation, Deckers Outdoor Corporation, Black Diamond, Inc., Big Agnes, Inc., Amer Sports Corporation, Skechers USA, Inc., Adidas AG, Newell Brands Inc., Wolverine World Wide, Inc., and Columbia Sportswear Company.
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