Press Release

Jul, 20 2023

Increasing Popularity of Outdoor Fitness Activities and Recreational Running Drives the Demand for Korea, Japan, Hong Kong, and Taiwan Trail Running Shoes Market

Trail running shoes are specialized footwear designed for off-road running on rugged terrains. They feature durable construction with reinforced uppers, protective toecaps, and rugged outsoles for enhanced resilience. These shoes also consist of advanced traction systems, including multidirectional lugs or aggressive tread patterns, for superior grip on various surfaces. Specialized cushioning and shock absorption technologies provide comfort and reduce strain. The market for trail running shoes is driven by the growing interest in outdoor activities, the popularity of trail running as a recreational sport, and the recognition of the need for specialized footwear for optimal performance and injury prevention. The growing acceptance and popularity of outdoor fitness are expected to drive market growth.

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Data Bridge Market Research analyzes that Korea, Japan, Hong Kong, and Taiwan Trail Running Shoes Market is expected to reach USD 729,953.48 thousand by 2030 from USD 581,595.12 thousand in 2023, growing with a substantial CAGR of 3.3% in the forecast period of 2023 to 2030.

Key Findings of the Study

Korea, Japan, Hong Kong, and Taiwan Trail Running Shoes Market

Increasing Popularity of Outdoor Fitness Activities and Recreational Running

In recent years, the population has significantly shifted toward outdoor fitness activities and recreational running. Recreational running has become popular among individuals looking to stay fit and enjoy the outdoors. It focuses more on the experience and enjoyment of running. It offers a less stressful and more relaxed approach to running that individuals of all ages can follow. As more individuals are interested in outdoor activities, trail running is becoming popular for outdoor fitness and recreational running.

The trail running shoes market is rising as more individuals engage in outdoor activities, expanding the customer base to include beginners and casual runners. They have features such as midsole cushioning, enhanced traction, and arch support that helps in protection from injury while doing trail run. Moreover, such shoes improve the athletic performance of users and one can enhance enjoyment and overall performance while doing recreational running outdoors, which is expected to drive market growth.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Year

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Million and Pricing in USD

Segments Covered

By Product (Maximalist Trail Running Shoes, Low Profile Trail Running Shoes, Barefoot Trail Running Shoes, and Others), Category (Hiking, Rugged, and Light), Price Range (Economic, Medium, and Premium), Target Customer (Men, Women, and Kids), End-User (Professional and Amateur), Distribution Channel (Offline and Online)

Countries Covered

 

 Korea, Japan, Hong Kong, and Taiwan

Market Players Covered

adidas AG, SKECHERS USA, Inc., PUMA SE, ASICS Corporation, Under Armour Inc., Columbia Sportswear Company, Topo Athletic Inc. (A subsidiary of Designer Brands Inc.), New Balance, Salomon, Xtep International Holdings Limited, Nike, Inc., Decathlon, Lotto Spa, Wolverine World Wide, Inc., Mizuno Corporation, La Sportiva S.p.A., and Tecnica Group S.p.A. (A subsidiary of Italmobiliare S.p.A.)  among others

Data Points Covered in the Report

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.

Segment Analysis

The Korea, Japan, Hong Kong, & Taiwan trail running shoes market is segmented into six notable segments based on type, category, price range, target customer, end-user, and distribution channel.

  • On the basis of type, the market is segmented into maximalist trail running shoes, low profile trail running shoes, barefoot trail running shoes, and others

The maximalist trail running shoes segment in type segment is expected to dominate the Korea, Japan, Hong Kong, & Taiwan trail running shoes market

In 2023, the maximalist trail running shoes segment is expected to dominate the Korea trail running shoes market with a 45.01% market share. It is expected to reach USD 89,914.38 thousand by 2030, growing with the highest CAGR of 3.4% in the forecast period of 2023 to 2030

In 2023, the maximalist trail running shoes segment is expected to dominate the Japan trail running shoes market with a 44.96% market share. It is expected to reach USD 162,030.03 thousand by 2030, growing with the highest CAGR of 3.9% in the forecast period of 2023 to 2030

In 2023, the maximalist trail running shoes segment is expected to dominate the Hong Kong trail running shoes with a 45.41% market share. It is expected to reach USD 27,814.37 thousand by 2030, growing with the highest CAGR of 2.9% in the forecast period of 2023 to 2030

In 2023, the maximalist trail running shoes segment is expected to dominate the Taiwan trail running shoes with a 45.31% market share. It is expected to reach USD 54,949.98 thousand by 2030, growing with the highest CAGR of 3.1% in the forecast period of 2023 to 2030

  • On the basis of category, the market is segmented into hiking, rugged, and others

The hiking segment in category segment is expected to dominate the Korea, Japan, Hong Kong, & Taiwan trail running shoes market

In 2023, the hiking segment is expected to dominate the Korea trail running shoes market with a 46.48% market share. It is expected to reach USD 92,764.44 thousand by 2030, growing with the highest CAGR of 3.4% in the forecast period of 2023 to 2030

In 2023, the hiking segment is expected to dominate the Japan trail running shoes market with a 46.42% market share. It is expected to reach USD 166,594.38 thousand by 2030, growing with the highest CAGR of 3.8% in the forecast period of 2023 to 2030

In 2023, the hiking segment is expected to dominate the Hong Kong trail running shoes with a 46.83% market share. It is expected to reach USD 28,664.92 thousand by 2030, growing with the highest CAGR of 2.9% in the forecast period of 2023 to 2030

In 2023, the hiking segment is expected to dominate the Taiwan trail running shoes with a 46.66% market share. It is expected to reach USD 56,542.47 thousand by 2030, growing with the highest CAGR of 3.1% in the forecast period of 2023 to 2030

  • On the basis of price range, the market is segmented into economic, medium, and premium
  • In 2023, the economic segment is expected to dominate the Korea trail running shoes market with a 39.44% market share. It is expected to reach USD 78,508.46 thousand by 2030, growing with the highest CAGR of 3.4% in the forecast period of 2023 to 2030
  • In 2023, the economic segment is expected to dominate the Japan trail running shoes market with a 39.40% market share. It is expected to reach USD 141,405.11 thousand by 2030, growing with the highest CAGR of 3.8% in the forecast period of 2023 to 2030
  • In 2023, the economic segment is expected to dominate the Hong Kong trail running shoes with a 39.85% market share. It is expected to reach USD 24,373.80 thousand by 2030, growing with the highest CAGR of 2.9% in the forecast period of 2023 to 2030
  • In 2023, the economic segment is expected to dominate the Taiwan trail running shoes with a 39.64% market share. It is expected to reach USD 47,910.93 thousand by 2030, growing with the highest CAGR of 3.1% in the forecast period of 2023 to 2030
  • On the basis of target customer, the market is segmented into men, women, and kids
  • In 2023, the men segment is expected to dominate the Korea trail running shoes market with a 56.43% market share. It is expected to reach USD 111,544.94 thousand by 2030, growing with the highest CAGR of 3.3% in the forecast period of 2023 to 2030
  • In 2023, the men segment is expected to dominate the Japan trail running shoes market with a 56.39% market share. It is expected to reach USD 200,968.07 thousand by 2030, growing with the highest CAGR of 3.7% in the forecast period of 2023 to 2030
  • In 2023, the men segment is expected to dominate the Hong Kong trail running shoes with a 56.81% market share. It is expected to reach USD 34,442.46 thousand by 2030, growing with the highest CAGR of 2.8% in the forecast period of 2023 to 2030
  • In 2023, the men segment is expected to dominate the Taiwan trail running shoes with a 56.61% market share. It is expected to reach USD 67,948.09 thousand by 2030, growing with the highest CAGR of 3.0% in the forecast period of 2023 to 2030
  • On the basis of end-user, the market is segmented into professional and amateur
  • In 2023, the professional segment is expected to dominate the Korea trail running shoes market with a 78.45% market share. It is expected to reach USD 155,228.49 thousand by 2030, growing with the highest CAGR of 3.3% in the forecast period of 2023 to 2030
  • In 2023, the professional segment is expected to dominate the Japan trail running shoes market with a 78.43% market share. It is expected to reach USD 279,797.15 thousand by 2030, growing with the highest CAGR of 3.7% in the forecast period of 2023 to 2030
  • In 2023, the professional segment is expected to dominate the Hong Kong trail running shoes with a 78.65% market share. It is expected to reach USD 47,734.21 thousand by 2030, growing with the highest CAGR of 2.8% in the forecast period of 2023 to 2030
  • In 2023, the professional segment is expected to dominate the Taiwan trail running shoes with a 78.55% market share. It is expected to reach USD 94,379.88 thousand by 2030, growing with the highest CAGR of 3.0% in the forecast period of 2023 to 2030
  • On the basis of distribution channel, the market is segmented into offline and online
  • In 2023, the offline segment is expected to dominate the Korea trail running shoes market with a 78.30% market share. It is expected to reach USD 153,162.80 thousand by 2030, growing with the highest CAGR of 3.1% in the forecast period of 2023 to 2030
  • In 2023, the offline segment is expected to dominate the Japan trail running shoes market with a 78.28% market share. It is expected to reach USD 276,069.48 thousand by 2030, growing with the highest CAGR of 3.6% in the forecast period of 2023 to 2030
  • In 2023, the offline segment is expected to dominate the Hong Kong trail running shoes with a 78.50% market share. It is expected to reach USD 47,106.28 thousand by 2030, growing with the highest CAGR of 2.6% in the forecast period of 2023 to 2030
  • In 2023, the offline segment is expected to dominate the Taiwan trail running shoes with a 78.40% market share. It is expected to reach USD 93,131.15 thousand by 2030, growing with the highest CAGR of 2.8% in the forecast period of 2023 to 2030

Major Players

Some of the major market players operating in Korea, Japan, Hong Kong, & Taiwan trail running shoes market are adidas AG, SKECHERS USA, Inc., PUMA SE, ASICS Corporation, Under Armour Inc., Columbia Sportswear Company, Topo Athletic Inc. (A subsidiary of Designer Brands Inc.), New Balance, Salomon, Xtep International Holdings Limited, Nike, Inc., Decathlon, Lotto Spa, Wolverine World Wide, Inc., Mizuno Corporation, La Sportiva S.p.A., and Tecnica Group S.p.A. (A subsidiary of Italmobiliare S.p.A.) among others.

Korea, Japan, Hong Kong, and Taiwan Trail Running Shoes Market

Market Developments

  • In December  2022, Topo Athletic Inc. (A subsidiary of Designer Brands Inc.) was acquired by Designer Brands Inc. This acquisition expanded Designer Brands' reach into the performance athletic and outdoor footwear categories. The acquisition provides Topo with access to Designer Brands' deep set of resources, helping the company continue to grow, innovate, and deliver a better experience for its customers. This partnership aligns with Topo's focus on helping people achieve healthy lifestyle goals and supports its strategy and distribution direction
  • In March 2023, ASICS Corporation announced the launch of the GEL-TRABUCO 11 trail running shoe, which is said to have FF Blast foam and protective gel features that will provide protection and comfort in the terrain
  • In October 2022, according to an article published by Fibre2Fashion, adidas AG announced the development of a new technology named strung, which will be the first textile technology that transforms athlete data into dynamic performance materials which can be used in the production of shoes
  • In March 2023, according to an article published by Retail in Asia, Nike, Inc. revealed Amy Montangne as its new Asia-Pacific head. They also stated that the motive to advance consumer direct acceleration strategy in unlocking long-term growth and profitability is the reason for the change in management
  • In November 2022, Mizuno Corporation opened its new Innovation Center, MIZUNO ENGINE. This state-of-the-art facility, located at the company's Osaka headquarters, will enhance Mizuno's R&D capabilities, allowing for improved prototyping, testing, and measuring of their products. With this advanced facility, Mizuno aims to create social innovation, solve societal challenges through sports, and further strengthen partnerships with start-up companies to drive the development of new products and services

Regional Analysis

Geographically, the countries covered in Korea, Japan, Hong Kong, & Taiwan trail running shoes  market are Korea, Japan, Hong Kong, and Taiwan

As per Data Bridge Market Research analysis:

Japan is expected to dominate the market with a 47.50%market share. It is expected to reach USD 354,068.31 thousand by 2030, growing with the highest CAGR of 3.6% in the forecast period of 2023 to 2030 due to the increasing hiking activities in the country.

For more detailed information about the global wood based panel market report, click here – https://www.databridgemarketresearch.com/reports/korea-japan-hong-kong-and-taiwan-trail-running-shoes-market


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