Snow Shoes Market Projected to Reach US$ 8 Mn By 2017-2022, Fact.MR survey reveals

Published: Thu Oct 25 2018


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 market over 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. According to the recent report published by Fact.MR, the global snow shoes market is expected to surge at an above average CAGR during the forecast period (2017-2022).


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.


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Recreational and Trekking Snowshoes will Remain Sought-After


On the basis of product type, demand for recreational and trekking snowshoes is expected to remain strong throughout the forecast period. Global sales of recreational and trekking snow shoes presently command for over 36% revenue share of the market. By the end of assessment period, around US$ 8 Mn worth recreational and trekking snowshoes are estimated to be sold worldwide.


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 this region.


Competition Tracking


Adidas AG, Reebok International Ltd, Nike, Inc., PUMA SE, ASICS Corporation, Burberry Group plc, Chanel International B.V., GV Snowshoes, Atlas Snowshoe Company, Skechers U.S.A., Inc., are the key players profiled in the global snow shoes market.


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Contact Name: Fact Market Research
Contact Email: info@factmr.com

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