Global hiking gear and equipment market is anticipated to grow at a considerable CAGR of 4.3% during the forecast period (2020-2026). The market growth is mainly attributed to the increase in outdoor activities across the globe. The importance of outdoor sporting events has been increasing gradually over the years due to fitness trends, health consciousness, and recreational activities. According to the outdoor foundation, there is an increase in outdoor activities in the US due to the COVID-19 pandemic. Most sought-after outdoor activities include hiking, cycling and running, hiking being the fourth most popular activity in the US. This has increased the demand for hiking products hence fuelling the market growth.
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Increasing adventure tourism by countries such as different treks and mountains in Asia-Pacific including the Himalayas in Nepal and Cameron Highlands in Malaysia is resulting in the participation of hiking enthusiasts as well as amateurs. This has resulted in the rise in demand for hiking equipment. Besides, the shift in opting fit and healthy lifestyle in addition to the rising rate of urbanization has also positively impacted the hiking gear and equipment market. Further, it is also driving recreational outdoor activities, thus causing a boost in demand for hiking gear and equipment.
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Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Hiking Gear and Equipment Market Report Segment
By Product
• Sleep Solution
• Shelter Solution
• Clothing
• Footwear
• Bags & Backpack
• Others
By End-User
• Men
• Women
• Kids
By Distribution Channel
• Online
• Retail Stores
Global Hiking Gear and Equipment Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
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