Over the past few year, factors such as Increasing adoption of wearable technology, GPS tracking, and smart gear have contributed to the development of the Global Hiking Gear and Equipment- market.
Undoubtedly, Increasing participation in outdoor activities like hiking, trekking, and camping
is the most promising market promoter, bringing direct and indirect economic benefits to the market sizing. The Global Hiking Gear and Equipment- market is expected to make a significant contribution growing at a CAGR of 7.2%.
AMA research has engaged in the competitive assessment of China & Global Hiking Gear and Equipment- Manufacturers for 5 years. The Top 10 Competitive Manufacturers in the Hiking Gear and Equipment- in 2023 clearly displays the competitive situations of main Hiking Gear and Equipment- Manufacturersin 2023. The research shows that companies in top 10 list are divided up by dominating countries, namely, United States occupying half of the list showcasing strong market competitive advantage.
The Distribution Channel, such as Specialty Stores, is boosting the Hiking Gear and Equipment- market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The End User, such as Individual Consumers, is boosting the Hiking Gear and Equipment- market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
With the multiple advantages of technology, cost and service, many major Manufacturers such as The North Face (USA), Patagonia (USA), Arc'teryx (Canada), L.L. Bean (USA), Salomon (France), Osprey (USA), Hydro Flask (USA), Sierra Designs (USA), Easton Outdoors (USA) and Montbell (Japan) developed rapidly. They kept leading domestic market and on the other way actively developing international market and seizing market share, becoming the backbone of Global Hiking Gear and Equipment- industry.This framework should serve as a basic structure to support the strategic decision-making process for industry players. For instance, the question of whether a Manufacturers wants to expand into other areas of the market value chain fundamentally determines its strategy.
In European Region hiking gear made from certain chemicals (e.g., perfluorocarbons used in waterproofing) regulated or restricted under laws like REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) to reduce environmental pollution.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Hiking Gear and Equipment- market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.
Data Triangulation The overall Hiking Gear and Equipment- market size is calculated using market estimation process, the Hiking Gear and Equipment- market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Hiking Gear and Equipment- market size has been validated using both top-down and bottom-up approaches.