About Hiking Gear and Equipment-
The hiking gear and equipment industry focused on the manufacturing, distribution, and retail of products used for outdoor hiking and trekking activities. This market includes a wide range of items designed to ensure safety, comfort, and performance while hiking, such as backpacks, footwear, clothing, tents, sleeping bags, walking poles, navigation tools, and protective gear. The demand for hiking gear has grown in recent years due to an increasing interest in outdoor activities and adventure tourism, with hiking becoming a popular recreational activity among people of all ages. As people become more health-conscious and seek alternatives to urban environments, hiking has gained significant traction as a means of physical exercise and mental well-being. Additionally, the growing trend of eco-tourism, along with government and private sector initiatives to promote outdoor recreation, has contributed to market expansion. Increased disposable income and a greater willingness to spend on outdoor activities also fuel market growth, as consumers seek high-quality and durable gear. The rise of social media platforms has also played a role, as individuals are increasingly sharing their hiking experiences, inspiring others to take up the activity.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.2% |
The hiking gear and equipment market is highly competitive, with both established brands and emerging companies vying for market share. The competition is intense due to the increasing demand for outdoor recreational activities and the growing popularity of hiking, trekking, and adventure tourism. The market is characterized by a diverse range of products and innovations, with companies focusing on various aspects such as durability, performance, sustainability, and price competitiveness. Major players in the market like The North Face, Columbia Sportswear, Patagonia, Salomon, and Merrell dominate the landscape due to their strong brand recognition, extensive distribution networks, and broad product offerings. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Hiking Gear and Equipment- market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Merrell (USA), Black Diamond Equipment (USA), Deuter (Germany), Mountain Hardwear (USA) and Vaude (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Hiking Gear and Equipment- market by Type (Apparel, Footwear, Backpacks and Bags, Camping Equipment, Navigation Tools, Climbing and Trekking Gear, Protection Gear and Others) and Region.
On the basis of geography, the market of Hiking Gear and Equipment- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Specialty Stores will boost the Hiking Gear and Equipment- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Individual Consumers will boost the Hiking Gear and Equipment- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing adoption of wearable technology, GPS tracking, and smart gear
Market Growth Drivers:
Increasing participation in outdoor activities like hiking, trekking, and camping and Higher disposable incomes in several regions
Challenges:
Premium-quality hiking gear can be expensive, limiting accessibility for budget-conscious consumers, particularly in emerging markets.
Restraints:
Demand for hiking gear tends to fluctuate with seasons
Opportunities:
Opportunity for brands to develop and market sustainable, eco-friendly hiking gear. and Rising popularity of hiking and outdoor activities in emerging markets such as China, India, and Latin America presents significant growth opportunities for companies.
In April 2023, Kelty, a durable and easy-to-use outdoor equipment announced the launch of their new spring 2023 collection including backpacking, hiking, lifestyle, and vehicle-based products, and featuring reenergized prints and colors for some of their best-selling items. The company aim to connect more people with the great outdoors, with expanding and updating its lineup with new, more accessible technologies., and In Febraury 2024, Trek Kit, the go-to destination for outdoor enthusiasts, announced the arrival of its latest range of multi-brand outdoor gear, poised to redefine the standards of warmth, durability, and style in extreme conditions.
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.
Key Target Audience
Manufacturers, Suppliers and Sellers, Software Companies, Service Providers, Government Agencies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End User Industry and Others
Key Finding and Research Objectives
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About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.