Hiking Gear and Equipment Market Size is expected to reach USD 12.6 billion by 2034
The market for hiking
gear and equipment market was estimated to be worth USD 5.4 billion in
2024 and is expected to increase at a compound annual growth rate (CAGR) of
14.2% to reach USD 12.6 billion by 2034. The market for hiking gear and
equipment offers a large selection of goods to satisfy the various demands and
tastes of campers, hikers, and other users. Essentials including backpacks,
hiking poles, boots, layers of clothing, tents, sleeping bags, emergency
supplies, and navigation instruments are all available at the market.
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GROWTH
DRIVERS
The market for
hiking clothing and equipment is growing as a result of increased tourism and
travel to various locations, including outdoor activities like hiking,
trekking, and camping. The demand for multi-day hiking or treks will rise in
tandem with the demand for dependable, long-lasting hiking gear as more
tourists look for chances for adventure, exploration, and a closer relationship
with nature.
The desire to
share hiking experiences and to use influencer marketing to advocate hiking
clothing and equipment has been greatly fueled by social media, which has also
helped manufacturers increase sales. The market is growing because of the
emphasis on health and wellness trends, which have been linked to stress
reduction, physical and mental well-being, and a desire to connect with nature
as a result of modern lifestyles.
MARKET
SEGMENTATION:
· By
Product Type – footwear, apparel, gear and equipment
· By
Gender – Men, Women, Kids
· By
Region - North America, Europe, Asia Pacific, the Middle East and
Africa, and South America.
Global
Key Players:
· Marmot
· Black
Diamond
· The
North Face
· Columbia
· Black
Yak
· Mountain
Hardwear
· Nextorch
· Decathlon
· Sierra
Designs
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Segmentation, Competitive Analysis, Strategic Assessment and Business
Modelling.
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