Published On: Dec 27, 2017
The global trail sports accessories market is distinguished by the presence of several large players that renders a competitive vendor landscape, states Transparency Market Research in a new report. Savvy players are expanding their product offerings, especially wearables, and are amplifying their marketing programs, as the market witnesses the entry of tech giants such as Apple and Samsung that have a strong branding.
Key players in the global trial sports accessories market include Amer Sports Corporation, Newell Brands Inc., V.F. Corporation, Deckers Outdoor Corporation, Adidas AG, Black Diamond Inc., Columbia Sportwear Company, Skechers USA Inc., Wolverine World Wide Inc., and Big Agnes Inc.
As per estimates of the report, the global trial sports accessories market will be worth more than US$2,000 mn vis-à-vis revenue by the end of 2022. Product-wise, the global trial sports accessories market could be segregated into shoes, backpack, tent, gloves , trekking pole, head lamps, helmet, and others. Shoes are likely to remain the most attractive product segment; the segment is anticipated to hold almost fifty percent market share over the forecast period. Geography-wise, Europe is the leading market for trail sports accessories, and the region is likely to continue to lead over the forecast period.
Rising Trend of Community Sport Activities Boosts Growth
The trend of trail sports is raging among several age groups for health and leisure reasons. Trail sport is transforming into a mass phenomenon, with trail sports such as hiking and trail running gaining popularity among students, running clubs, and hip young runners. Hiking and trial running are also gaining pace for social causes that are being organized by non-profit organizations and social groups.
The trail sports accessories market is witnessing the participation of technology companies. These companies are developing mobile apps and smart wearables for hikers and trail runners to enjoy the sport together, even at high altitudes. App developers are serving trial communities with their excellent work, and have enabled trial runners to run together, even at high levels. However, members of a trial community face challenges of orienting themselves, along with challenges of seeking a good application that can be used within the community. This is resulting into an increased importance of interfaces, which in turn, is creating demand for options related to transfer to other networks.
Quick Spread of Drawbacks of New Products among Community Members Impedes Growth
The wide selection of products for trail hike participants has also been a key factor boosting the growth of trail sports accessories market. However, the availability of a wide product range has made selection cumbersome. This is especially because tech giants such as Apple and Samsung are pushing their products through advertisements and marketing, thereby creating challenges for retailers.
The trial community mostly includes members that are technology users and displays great networking among them. This poses difficulty for manufacturers as drawbacks and pitfalls of new products are spread quickly among small number of members of a trial community. These factors might impede the growth of trial sports accessories market in the future.
The review presented is based on the findings of a TMR report, titled “Trail Sports Accessories Market (Product - Shoes, Tent, Backpack, Trekking Pole, Head Lamps/Lanterns, Helmet, Gloves, Others; Sales Channel - Independent Sports Outlet, Franchised Sports Outlet, Modern Trade Channel, Direct to Customer Brand Outlet, Direct to Customer Online Channel, Direct to Customer Institutional Channel, Third Party Online Channel; Price Range - Economy, Mid-Range, Premium, Super-Premium) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022.’
The global trail sports accessories market is segmented as follows:
Trial Sport Accessories Market, by Product type
- Back packs
- Trekking Poles
Trial Sport Accessories Market, by Sales Channel
- Independent Sports Outlet
- Franchised Sports Outlet
- Modern Trade Channel
- Direct to Customer Brand Outlet
- Direct to Customer Online Channel
- Third Party Online Channel
Trial Sport Accessories Market, by Price Range
Trial Sport Accessories Market, by Region
- North America
- Latin America
- Asia Pacific except Japan
- Middle East and Africa
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