Snow Shoes Market

1

• Snow Shoe Market in Europe Is Expected To Grow At
  A CAGR Of 7.4 By 2033
• The market for snowshoes worldwide reached a
  market value of US 25 million in 2022, and is
  projected to reach US 26.53 million in 2023.
  According to the analysis, sales of snowshoes are
  predicted to increase at a CAGR of 6.5 between
  2023 and 2033, reaching a value of US 49.8
  million. Throughout the historical period of
  20182022, the market experienced a CAGR of 6.1.
• One of the most popular styles of snow boots
  being produced by manufacturers nowadays is the
  carbon fiber model. The demand for snow shoes is
  anticipated to increase as more beginner
  workshops and expert training for instructing a
  range of beginner-friendly outdoor recreational
  activities are offered.
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• Market Outlook
• The demand for snowshoes is increasing as
  customers engage in more sporting events and
  outdoor recreational activities. In 2017, 146.1
  million Americans aged 6 and older engaged in
  outdoor activities, according to data by the
  Outdoor Foundation. In the upcoming years, the
  market demand for snowshoes should continue to
  increase as more individuals engage in winter
  trekking and snow hiking across a variety of
  geographic locations.
• Competitive landscape
• Snow shoe demand is so strong that some
  manufacturers are expanding their locations and
  production capacities at a rapid pace.
  Manufacturers and suppliers of hiking equipment
  develop and optimize materials, manufacturing
  technology, and designs in order to provide
  hikers with high-quality shoes in the market. To
  enhance its presence in new and possible
  geographical clusters, the company is also
  expanding its sales offices and distribution
  hubs.
• RightOnTrek has completed the construction of its
  flagship facility in Columbia Falls that rents
  out backpacking and camping gear. Wilderness EDGE
  is a premier outdoor adventure store near Glacier
  National Park and just minutes from Glacier Park
  International Airport. After initially being
  intended only for the spring and summer seasons,
  RightOnTrek has decided to remain open throughout
  the winter season, by adding snowshoe rentals to
  its range of services.

2

• On a global scale, North America dominates snow
  shoe sales. The analysis predicts that the North
  American market will generate a 48 revenue
  share. The U.S. snowshoe market is anticipated to
  grow at a CAGR of 6.8. By 2033, sales are
  anticipated to reach 1.8 million units.
• Over the projected period, industry experts
  connected to the manufacturer are anticipated to
  focus more on introducing technology-driven items
  and solutions, with a preference for introducing
  eco-friendly snowshoes. Demand for snowshoes has
  increased as a result of recent design
  innovations using sturdy steel materials. The
  market will expand as FDA approvals are given and
  safety concerns are raised.
• Key Segments of Industry
• By Product Type
• Recreational and Trekking Snowshoes
• Backcountry Snowshoes
• Racing Snowshoes
• By Channel
• Sports Stores
• Franchised Stores
• Specialty Stores
• Online
• By Price Range
• Economy
• Mid-Range
• Premium