PUBLISHER: IMARC | PRODUCT CODE: 1378798
PUBLISHER: IMARC | PRODUCT CODE: 1378798
The global hiking gear and equipment market size reached US$ 6.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.1 Billion by 2028, exhibiting a growth rate (CAGR) of % d6.0uring 2022-2028.
Hiking refers to a recreational activity that involves long, vigorous walks on trails or footpaths in the countryside. Hiking gear and equipment are carried along by hikers for safeguarding themselves against unexpected events, such as injuries, bad weather, a closed trail, wild animals and other emergencies. At present, different types of gear and equipment are available depending on the duration, planned activities, distance and the environment of the trek.
Significant growth in the number of individuals participating in recreational and sports activities on account of rapid urbanization, inflating disposable incomes and the increasing consumer preferences for healthy and adventurous lifestyles represents one of the significant factors stimulating the market growth. Moreover, governments of various countries are supporting vacation packages that include sports and physical activities. This, in confluence with the increasing trend of adventure tourism, is contributing to the market growth. Apart from this, the rising trend for athleisure, the growing influence of social media and the increasing popularity of catalog shopping are escalating the demand for hiking gear and equipment through e-commerce channels. Furthermore, leading players are adopting different digital marketing strategies to expand their consumer base. They are also focusing on the development of eco-friendly product variants with enhanced comfort and innovative designs.
IMARC Group provides an analysis of the key trends in each sub-segment of the global hiking gear and equipment market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, gender and distribution channel.
Clothes
Footwear
Backpack
Equipment
Others
Men
Women
Kids
Online
Offline
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being Amer Sports Oyj, AMG Group Ltd., Black Diamond Equipment, Ltd. (Clarus Corp.), Equinox Industries Ltd., Marmot Mountain LLC (Newell Brands), Montbell Co. Ltd., Mountain Hardwear (Columbia Sportswear), Sierra Designs, Tatonka GmbH and VF Corporation.