Global Hiking Gear & Equipment Market Size, Trends, and Analysis - Forecasts To 2026 By Product (Clothes, Footwear, Backpack, Equipment, Others), By Distribution Channel (Specialty Stores, Retail Stores, Online), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis
Hiking Gear & Equipment Market: Insights
Hiking gear & equipment are specialized products used by hiking enthusiasts while undertaking hiking expeditions. Hiking is usually carried out as a way to break away from the monotony of daily life and to take a break amidst the natural beauty of the planet. People often go hiking during vacations to places abundant with natural beauty. Hikes can be either a one-day hike or can span multiple days. Hiking is seen as an alternative to jogging and other forms of exercise to improve the general well-being of a person and to free one’s mind from the stress of daily life. Hikes are often carried out in the countryside away from the urban environment or along predetermined trails or new trails. Hikers require various equipment depending on various factors like duration, distance, climate, and the environment they will be hiking in. Hikers are encouraged to use sturdy boots made specifically for hiking as it provides a lot of stability and prevents slippage when hiking over uneven and slippery surfaces. Nowadays consumers are beginning to prefer the comfort of shoes made specifically for hiking rather than boots. Trekking poles are another common hiking equipment. Trekking poles are highly recommended when hikers have to carry heavy backpacks as the poles can offset the weight of the backpacks to the poles and prevent legs from being overburdened. Lightweight and ultralightweight backpacks are also a necessary part of hiking gear and equipment. The lower the additional weight hikers have to carry, the easier the hike. Concerning weight, hikers also increasingly beginning to prefer shoes made from lightweight materials. The hiking gear and equipment market is driven by the rising popularity of outdoor activities especially among the younger population and the growing demand for adventure tourism. The growing demand for adventure tourism has increased the number of agencies that offer outdoor trekking and hiking activities. This increase is expected to increase the demand for hiking gear and equipment. The increasing demand for hiking and other outdoor activities has been driven by the growing desire to be physically fit, the need for recreational activities, and the desire to lead healthy lifestyles. Social media has also played a part in the increasing demand for hiking as people take to social media to share pictures and stories of their hiking trips. Social media also acts as an advertisement platform for hiking gear and equipment as people share their experiences and photos which can influence the decision of consumers to prefer specialty hiking equipment over generic gear. Outdoor activities are becoming increasingly popular among the millennial generation and they are the largest consumer base for hiking gear and equipment in the world. As the millennial generation is beginning to enter the workforce and are gaining access to increased disposable income, the demand for hiking gear and equipment is expected to increase. As weight is a major factor of hiking equipment, hiking gear and equipment manufacturers are increasing their investments in the research and development of novel hiking gear and equipment that can give them a competitive edge over their fellow market competitors. The hiking gear and equipment market is restrained by the uncertainty and risk factors involved in hiking, the busy and hectic lifestyle led by people, the lack of open green spaces in urban settings where most of the consumers reside, and the abundance of unauthentic and cheap quality products available in the market. The pandemic has also massively impacted the demand for hiking gear and equipment. The lockdowns implemented in various countries and the dangers of traveling to foreign countries have had a severe impact on the growth of the market. As restrictions are being eased, the market is expected to bounce back during the forecast period.
Hiking Gear & Equipment Market: By Product
Based on the various products available, the hiking gear and equipment market can be segmented into equipment, footwear, clothes,backpack, and others. The clothes segment will be the dominant segment with the highest share value in the market from 2021 to 2026. Clothing specialized for hiking is highly popular as they offer resistances to various climatic conditions like heat, rain, and humidity. They have the added advantage of being specially engineered to be weightless as well. As hiking and other outdoor activities have become increasingly popular, the demand for hiking clothes has also increased.
Hiking Gear & Equipment Market: By Distribution Channel
Based on the distribution channels from where hiking gear and equipment can be purchased by consumers, the hiking gear and equipment market can be segmented into specialty stores, retail stores, and online segments. The specialty stores segment will hold a dominant share of the market during the forecast period. Specialty stores like Decathlon, Columbia Sportswear, Wildcraft, Dick’s sporting goods, among others are opening in new locations around the world have contributed to the large share of the specialty stores segment in the market. Specialty stores allow consumers to physically compare products and check their fit before the purchase which has contributed to the popularity of specialty stores.
Hiking Gear & Equipment Market: By Region
The North American region will be the top regional segment in the hiking gear & equipment market. The large influence of social media and the growing number of people that prefer outdoor activities have contributed to the growth of the market in this region. The APAC region will be the fastest-growing regional segment during the forecast period. The growing outdoor tourism industry in the region and the increased acceptance of hiking, trekking, and other outdoor activities are expected to be the major drivers of the hiking gear and equipment market in the APAC region.
Hiking Gear & Equipment Market: Share & Competitor Analysis
AMG-Group, Amer Sports, Black Diamond Equipment, Ltd., Equinox Ltd.,Camping Equipment Company, Exxel Outdoors, Mont-Bell Co., Ltd.,Marmot Mountain LLC,Mountain Hardwear, North Face, Newell Brands,Recreational Equipment Inc, TATONKA, VF Corp.,Sierra Designsamong others,are the majorvendors competing in the hiking gear & equipmentmarket.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global Hiking Gear & Equipment Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Hiking Gear & Equipment Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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