Dublin, Oct. 30, 2024 (GLOBE NEWSWIRE) — The “Hiking Gear and Equipment – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Hiking Gear & Equipment was estimated at US$5.5 Billion in 2023 and is projected to reach US$7 Billion by 2030, growing at a CAGR of 3.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Online sales are growing rapidly, driven by the convenience of e-commerce platforms and the availability of a wide range of products.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Hiking Gear and Equipment market such as Amer Sports, AMG-Group, Black Diamond Equipment, Ltd., Camping Equipment Company, Equinox Ltd. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
How are Technological Innovations Shaping the Hiking Gear & Equipment Market?
The hiking gear and equipment market has evolved significantly with advancements in material science and product design. Lightweight, durable materials such as Gore-Tex and ripstop nylon are commonly used in outdoor apparel and gear to provide superior protection from the elements while minimizing weight. Innovative features like moisture-wicking fabrics, temperature-regulating insulation, and waterproof zippers enhance the comfort and functionality of hiking equipment.
Additionally, innovations in hiking footwear, such as 3D-printed soles and ergonomic designs, improve traction and reduce fatigue during long hikes. GPS-enabled devices, satellite communication tools, and solar-powered chargers have also become essential for modern hikers, offering navigation and safety features that were previously unavailable.
What Factors are Driving the Growth in the Hiking Gear & Equipment Market?
The growth in the hiking gear and equipment market is driven by several factors, including increasing interest in outdoor activities, innovations in product design and materials, and the growing focus on sustainability. The rise of adventure tourism and eco-tourism has led more people to participate in hiking and trekking, boosting demand for high-quality outdoor gear. Technological innovations in lightweight materials, ergonomic designs, and weather-resistant products have enhanced the overall hiking experience, encouraging more consumers to invest in premium gear.
Furthermore, the growing emphasis on sustainability has led manufacturers to develop eco-friendly hiking gear, using recycled materials and environmentally responsible production processes, which is attracting environmentally conscious consumers and driving market growth.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Apparel segment, which is expected to reach US$3.5 Billion by 2030 with a CAGR of a 3.8%. The Footwear segment is also set to grow at 3.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, which was estimated at $1.5 Billion in 2023, and China, forecasted to grow at an impressive 6.2% CAGR to reach $1.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Some of the 36 companies featured in this Hiking Gear and Equipment market report include:
- Amer Sports
- AMG-Group
- Black Diamond Equipment, Ltd.
- Camping Equipment Company
- Equinox Ltd.
- Exxel Outdoors
- Marmot Mountain LLC
- mont-bell Co. Ltd.
- Mountain Hardwear
- Newell Brands
- North Face
- Recreational Equipment Inc.
- Sierra Designs
- TATONKA
- VF Corp.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 92 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $5.5 Billion |
| Forecasted Market Value (USD) by 2030 | $7 Billion |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Hiking Gear & Equipment – Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Rising Popularity of Outdoor Recreational Activities Propels Growth in Hiking Gear Demand
- Increasing Focus on Health and Wellness Drives Demand for Hiking Equipment
- Technological Advancements in Lightweight and Durable Materials Generate Market Opportunities
- Sustainability Trends Spur Growth in Eco-Friendly Hiking Gear
- Expansion of E-Commerce Channels Strengthens Distribution of Hiking Equipment
- Growing Interest in Adventure Travel and Exploration Drives Market Demand
- Innovations in Footwear Technology and Performance Gear Propel Growth
- Rising Popularity of Minimalist Hiking Expands Addressable Market for Lightweight Gear
- Growth of Hiking and Outdoor Communities on Social Media Spurs Product Demand
- Developments in Waterproof and Weather-Resistant Fabrics Enhance Product Innovation
- Increased Interest in Hiking as a Family Activity Expands Product Segments for Children and Beginners
- Focus on Multi-Functionality in Gear Designs Expands Market Opportunities
- Growing Interest in Hiking Safety and Emergency Equipment Generates Demand for Specialized Products
For more information about this report visit https://www.researchandmarkets.com/r/69r7wr
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