Korea, Japan, Hong Kong, & Taiwan Trail Running Shoes Market, 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) - Industry Trends and Forecast to 2030.
Korea, Japan, Hong Kong, and Taiwan Trail Running Shoes Market Analysis and Size
Korea, Japan, Hong Kong, & Taiwan trail running shoes market is being driven by the growing preference of athletes for trail running training across the countries. The increasing popularity of outdoor fitness activities and recreational running is expected to propel the market growth. However, limited multiple functions related to trail running shoes and dependency of key vendors and logistics network are some of the major factors expected to restrain market growth.
Data Bridge Market Research analyzes that the Korea, Japan, Hong Kong, & Taiwan trail running shoes market is expected to reach the value of USD 729,953.48 thousand by 2030, growing at a CAGR of 3.3% during the forecast period.
|
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 |
Market Definition
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 have 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.
Korea, Japan, Hong Kong, & Taiwan Trail Running Shoes Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
- Increasing Health Benefits Associated with Trail Running
Trail running involves running on unpaved surfaces such as gravelly trails or dirt paths in nature and has received popularity in recent years. It offers an alternative to road running and has various health benefits, making it a go-to option for people involved in fitness activities. Trail running has different health benefits, including both physical and mental fitness. It is associated with a lower risk of death related to cardiovascular and cancer diseases. Moreover, trail running enhances muscular strength, balance, and neuromuscular benefits. It is also associated with less risk of injuries, especially in the case of joints, when compared to road running. In addition to it, trail running is also linked with a positive impact on mood and improved mental well-being.
- Growing Preference of Athletes for Trail Running Training
Trail running has gained popularity among athletes across various sports. It offers advantages such as improved balance, core strength, agility, cardiovascular stamina, and increased bone density to athletes involved in different activities. Athletes from different sports disciplines such as runners, hikers, rock climbers, yogis, cyclists, palates enthusiasts, cyclists and mountain bikers, and many more, somehow incorporate the trail running training method in their training routines.
- Increasing Popularity of Outdoor Fitness Activities and Recreational Running
In recent years, there has been an increasing shift in outdoor fitness activities and recreational running in the population. Recreational running has become a popular choice for 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 could be followed by individuals of all ages. As more individuals are engaged, trail running is getting popular for outdoor fitness activities and recreational running.
Restraints
- Limited Multiple Functions Related to the Trail Running Shoes
Trail running shoes are generally considered to have limited functionality as they are majorly associated with off-road or terrain running applications in compares to other typeset running shoes. The main facility of trail running shoe is to provide stability, traction, and protection to the runner's feet during challenging trail conditions. As this is specifically manufactured for this purpose, it lacks to perform in other settings or activities. Trail running shoes' specialised features, such as their aggressive outsoles with deep lugs for traction, protective toe caps, and tough uppers, may limit their applicability in other situations. For instance, trail running shoes' extreme traction may be excessive for flat surfaces like pavement, which can be uncomfortable and reduce running effectiveness. They may also be heavier and more rigid due to the tough design and additional protection, which makes them less ideal for activities that call for suppleness and agility.
- Dependency on Key Vendors and Logistics Network
Trail running shoes are often dependent on key vendors and a well-developed logistics network due to their specialized nature and the need for tailored customer experiences. These shoes are made to specifically satisfy trail runners' needs for tough terrain protection, traction, and durability. Major retailers specializing in outdoor or running gear hold the skills and knowledge necessary to choose a collection of trail running shoes that satisfy the particular requirements of this specialized market. Customers can benefit from expert advice as they select the best shoes based on their foot type, running style, and the particular trails they intend to tackle.
Challenge
- High Product Cost of Trail Running Shoes
The high expense of trail running shoes is a major barrier to the market's expansion. Specialized footwear is needed for the popular outdoor activity of trail running to give support, traction, and protection on challenging terrains. The expensive cost of trail running shoes, however, prevents their broad use and restricts the market growth.
Trail running shoes are not as affordable to a wider consumer base because of their high purchase costs. The high cost of trail running shoes may discourage many prospective users, causing them to stick with options that are more economical or traditional running shoes that might not offer enough support and protection on trails. Since it is unable to reach a bigger customer base, this limits the market growth.
Opportunity
- Rising Number of Trail Running Events
An increase in the popularity of trail running has seen more individuals getting interested in adventurous and challenging outdoor activities. Trail running events such as races and marathons have experienced remarkable growth. The presence of rugged terrains and natural landscapes attracts athletes and fitness enthusiasts. Individuals of almost all ages tends to participate in such trail running events, and this provides an opportunity for market growth.
Recent Developments
- In February 2023, according to the Sustainable Jungle, Merrell Trail Glove, and Vapor Glove shoes for men and women are made with 100% recycled materials for the uppers, laces, lining, and footbed cover. The EVA foam midsole contains 30% recycled material, and the Vibram outsole is made with 30% recycled rubber. Another line is the Moab Flight, which features a 70% recycled upper, a 50% recycled footbed cover, 100% recycled laces, and a 30% recycled Vibram outsole
- In June 2022, according to the South China Morning Post Publishers Ltd., South Korea's 40 km trail running race, traversing Seoul's highest mountains, shows people's interest in outdoor adventures. The race takes individuals through the horseshoe-shaped Five Peaks route, which follows popular hiking trails and the stunning Bukhansan National Park. The run also goes through a scenic backdrop featuring pine forests, temples, apartment complexes, fortresses, and pavilions. As more individuals engage in trail running and outdoor activities, the demand for trail running shoes is expected to rise, contributing to market growth in South Korea
Korea, Japan, Hong Kong, & Taiwan Trail Running Shoes Market Scope
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. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Maximalist Trail Running Shoes
- Low Profile Trail Running Shoes
- Barefoot Trail Running Shoes
- Others
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.
Category
- Hiking
- Rugged
- Light
On the basis of category, the market is segmented into hiking, rugged, and light.
Price Range
- Economic
- Medium
- Premium
On the basis of price range, the market is segmented into economic, medium, and premium.
Target Customer
- Men
- Women
- Kids
On the basis of target customer, the market is segmented into men, women and kids.
End-User
- Professional
- Amateur
On the basis of end-user, the market is segmented into professional and amateur.
Distribution Channel
- Offline
- Online
On the basis of distribution channel, the market is segmented into offline and online.
Korea, Japan, Hong Kong, & Taiwan Trail Running Shoes Market Regional Analysis/Insights
The Korea, Japan, Hong Kong, & Taiwan trail running shoes market is analyzed, and market size insights and trends are provided by type, category, price range, target customer, end-user, and distribution channel, as referenced above.
The countries covered in this market report are Korea, Japan, Hong Kong, and Taiwan.
Japan is expected to dominate the Korea, Japan, Hong Kong, & Taiwan trail running shoes market with a CAGR of around 3.6%. The increasing health benefits associated with trail running are expected to drive market growth.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Korea, Japan, Hong Kong, & Taiwan Trail Running Shoes Market Share Analysis
The Korea, Japan, Hong Kong, & Taiwan trail running shoes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies focus on the market.
Some of the major players operating in the 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.
SKU-
