Sports Outdoors

Hiking Gear and Equipment Market: Projected to Surge to USD 10.9 Billion by 2032 | IMARC Group

Hiking Gear and Equipment Market

The latest report by IMARC Group, titled “Hiking Gear and Equipment Market Report by Product (Clothes, Footwear, Backpack, Equipment, and Others), Gender (Men, Women, Kids), Distribution Channel (Online, Offline), and Region 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on the market. The global hiking gear and equipment market size reached US$ 6.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032.

Factors Affecting the Growth of the Hiking Gear and Equipment Industry:

  • Growing Popularity of Outdoor Activities:

The increasing popularity of outdoor activities such as hiking, trekking, and camping is a major driver of the hiking gear and equipment market. With a growing number of individuals seeking adventure and nature-based experiences, there has been a substantial rise in demand for high-quality, durable, and efficient hiking gear. This trend is fueled by the desire for healthier lifestyles, the mental health benefits associated with spending time in nature, and the influence of social media showcasing picturesque outdoor locations. The global pandemic also played a role, as more individuals turned to outdoor activities as a safer alternative to indoor gatherings, thus boosting the market. As a result, manufacturers are innovating to meet the needs of these enthusiasts by producing lightweight, multi-functional, and technologically advanced gear that enhances the hiking experience.

  • Technological Advancements in Hiking Gear:

Technological advancements are significantly driving the hiking gear and equipment market. Innovations in materials and design have led to the development of gear that is lighter, more durable, and more comfortable. For instance, advancements in fabric technology have produced waterproof, breathable materials that enhance comfort and performance in various weather conditions. Additionally, the integration of technology, such as GPS tracking, hydration systems, and advanced footwear, has made hiking safer and more enjoyable. These innovations cater to both novice and experienced hikers, providing them with the tools necessary to tackle more challenging trails and extend their hiking season. The continuous improvement in product quality and functionality attracts more consumers and also encourages repeat purchases and upgrades, thereby sustaining market growth.

  • Rising Environmental Awareness and Sustainable Practices:

Rising environmental awareness and the adoption of sustainable practices are increasingly influencing the hiking gear and equipment market. Consumers are becoming more conscious of the environmental impact of their purchases and are seeking products that are eco-friendly and ethically produced. This shift is prompting manufacturers to adopt sustainable practices, such as using recycled materials, reducing waste, and ensuring fair labor practices. Brands that prioritize sustainability are gaining favor among consumers who want to minimize their ecological footprint. Furthermore, the promotion of “leave no trace” principles and responsible outdoor practices by environmental organizations and influencers is driving demand for gear that supports these values. As a result, companies are investing in research and development to create innovative, sustainable products that meet the growing demand for environmentally responsible hiking gear.

For an in-depth analysis, you can request a sample copy of the report:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

  • 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

Hiking Gear and Equipment Market Report Segmentation:

By Product:

  • Clothes
  • Footwear
  • Backpack
  • Equipment
  • Others

Clothes dominate the market due to their essential role in providing protection, comfort, and performance enhancement for hikers in various weather conditions.

By Gender:

  • Men
  • Women
  • Kids

Men represents the largest segment due to their higher participation rates in outdoor and adventure activities such as hiking.

By Distribution Channel:

  • Online
  • Offline

Offline holds maximum number of shares as consumers prefer to physically inspect and try on hiking gear and equipment for quality assurance and proper fit before making a purchase.

Regional Insights:

  • 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

North America’s dominance in the hiking gear equipment market is attributed to its extensive outdoor recreational infrastructure, high disposable income, and strong cultural emphasis on outdoor activities.

Global Hiking Gear and Equipment Market Trends:

The rise in adventure travel and tourism is another significant factor driving the hiking gear and equipment market. As more individuals seek unique travel experiences that include hiking, trekking, and exploring remote destinations, the demand for specialized hiking gear has increased. Adventure tourism offers the allure of discovering new landscapes and cultures while engaging in physical activity, which appeals to a broad demographic, from millennials to retirees. Travel companies and tour operators are capitalizing on this trend by offering tailored hiking and trekking packages, further boosting the need for reliable and high-performance hiking equipment. This growth in adventure tourism expands the market and also encourages manufacturers to innovate and meet the diverse needs of international travelers.

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