The future of the trekking and hiking market looks promising with opportunities in the clothes, footwear, backpack, and equipment markets. The global trekking and hiking market is expected to reach an estimated $182.9 million by 2028 with a CAGR of 6% from 2023 to 2028. The major drivers for this market are increasing awareness of consumer on adopting a healthy lifestyle, growing inclination towards a fitness regime, and rising trend of outdoor activities across the globe.
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The North Face
Answer: The global trekking and hiking market is expected to reach an estimated $182.9 million by 2028.
Q2. What is the growth forecast for trekking and hiking market?
Answer: The global trekking and hiking market is expected to grow with a CAGR of 6% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the trekking and hiking market?
Answer: The major drivers for this market are increasing awareness of consumer towards adopting healthy lifestyle, growing inclination towards fitness regime, and rising trend of outdoor activities across the globe.
Q4. What are the major segments for trekking and hiking market?
Answer: The future of the trekking and hiking market looks promising with opportunities in the clothes, footwear, backpack, and equipment markets.
Q5. Who are the key trekking and hiking companies?
Answer: Some of the key trekking and hiking companies are as follows:
Answer: North America will remain the largest region due to the growing number of people are looking for outdoor spaces where they may exercise and connect with nature, expanding construction of hiking trails, and significant presence of hikers in the region.
Q7. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% Customization Without any Additional Cost.
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
This product will be delivered within 1-3 business days.
A more than 150-page report is developed to help in your business decisions.
Trekking and Hiking Market by Segment
The study includes a forecast for the global trekking and hiking market by product and region, as follows:Trekking and Hiking Market by Product [Value ($M) Shipment Analysis from 2017 to 2028]:
- Clothes
- Footwear
- Backpack
- Equipment
- Others
Trekking and Hiking Market by Region [Value ($M) Shipment Analysis from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Trekking and Hiking Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies trekking and hiking companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the trekking and hiking companies profiled in this report include.The North Face
- Mountain Hardwear
- Black Diamond Equipment
- Marmot Mountain
- Amer Sports
Trekking and Hiking Market Insights
- Clothes are expected to remain the largest segment due to the increased demand for hiking apparel in line with a changing lifestyle and growing consumer participation in hiking activities.
- North America will remain the largest region due to the growing number of people who are looking for outdoor spaces where they may exercise and connect with nature, expanding construction of hiking trails, and significant presence of hikers in the region.
Features of the Trekking and Hiking Market
- Market Size Estimates: Trekking and hiking market size estimation in terms of value ($M)
- Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Trekking and hiking market size by various segments, such as by product and region
- Regional Analysis: Trekking and hiking market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different by product and regions for the trekking and hiking market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the trekking and hiking market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQS
Q1. What is the trekking and hiking market size?Answer: The global trekking and hiking market is expected to reach an estimated $182.9 million by 2028.
Q2. What is the growth forecast for trekking and hiking market?
Answer: The global trekking and hiking market is expected to grow with a CAGR of 6% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the trekking and hiking market?
Answer: The major drivers for this market are increasing awareness of consumer towards adopting healthy lifestyle, growing inclination towards fitness regime, and rising trend of outdoor activities across the globe.
Q4. What are the major segments for trekking and hiking market?
Answer: The future of the trekking and hiking market looks promising with opportunities in the clothes, footwear, backpack, and equipment markets.
Q5. Who are the key trekking and hiking companies?
Answer: Some of the key trekking and hiking companies are as follows:
- The North Face
- Mountain Hardwear
- Black Diamond Equipment
- Marmot Mountain
- Amer Sports
Answer: North America will remain the largest region due to the growing number of people are looking for outdoor spaces where they may exercise and connect with nature, expanding construction of hiking trails, and significant presence of hikers in the region.
Q7. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% Customization Without any Additional Cost.
This report answers the following 11 key questions
Q.1. What are some of the most promising, high-growth opportunities for the trekking and hiking market by product (clothes, footwear, backpack, equipment, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Global Trekking and Hiking Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2017 to 2028
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- The North Face
- Mountain Hardwear
- Black Diamond Equipment
- Marmot Mountain
- Amer Sports
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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