According to IMARC Group’s latest report, titled “Hiking Gear and Equipment Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global hiking gear and equipment market reached a value of US$ 4.4 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of 7.1% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Hiking refers to a recreational activity that includes long, vigorous walks on terrains or hilly areas. Hiking gears and equipment are carried along by hikers for safeguarding themselves against uncertain events, such as bad weather, injuries, a closed trail, wild animals, and other emergencies. Different types of gears and equipment are available depending on the duration, distance and environment of the trek and planned activities.
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Market Trends
The rising number of individuals taking part in recreational and sports activities owing to the growing consumer preferences towards healthy and adventurous lifestyles is driving the market growth. Furthermore, the governments of several countries are supporting vacation packages that include sports and physical activities. This, in confluence with the increasing trend of adventure tourism, is augmenting the demand for hiking gear and equipment. Besides this, the growing influence of social media, along with the increasing penetration of Athleisure trends, is also propelling the global market for hiking gear and equipment. Besides this, the emergence of customized product variants will continue to drive the market growth in the coming years.
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List of Key Companies Covered in this Market Report:
- 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
- VF Corporation
The report has segmented the market on the basis of product, gender, distribution channel and geography.
Breakup by Product:
- Clothes
- Footwear
- Backpack
- Equipment
- Others
Breakup by Gender:
- Men
- Women
- Kids
Breakup by Distribution Channel:
- Online
- Offline
Breakup by Geography:
- 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
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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