The hiking gear & equipment market size was valued at $20,652.6 million in 2018, and is projected to reach $28,789.7 million by 2026, registering a CAGR of 4.2% from 2019 to 2026. The gear and equipment segment was the highest contributor to the market, with $8,772.0 million in 2018, and is estimated to reach $12,081.1 million by 2026, at a CAGR of 4.0% during the forecast period.
Hiking gear & equipment are a set of items that are used by people who go on the outdoor activity called hiking. Hiking is a trail sport primarily done by people for leisure, improve health or to unwind and break the monotony of daily life. Hiking is one of the most preferred activities in the U.S. after jogging, and cycling. The industry is entering into a maturity stage and has had a steady growth in the last few decades.
The growth of the hiking gear & equipment market can be attributed to rise in popularity of outdoor activities among people all around the world. Moreover, busy and hectic lifestyle coupled with increase in instances of people choosing outdoor activities such as adventure sports and outings to unwind or break the monotony of their daily life, which paves the way for the hiking gear & equipment market growth. Furthermore, increase in adventure travel and rise in the number of agencies organizing hiking tours drives the growth of the market worldwide. However, the potential risk and uncertain conditions in hiking majorly restraints the market. On the contrary, increase in influence of social media and video logging is expected to provide opportunities for growth for the global market.
Hiking Gear and Equipment Market
The hiking gear & equipment market is segmented on the basis of product type, consumer profile, distribution channels, and region. The product type segment is further classified into gear & equipment, apparel, footwear, and others. By customer profile, the hiking gear & equipment market is classified into men, women and kids. By distribution channels, the market is bifurcated into online and physical stores. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By Product Type
The Gear and Equipment segment was the largest segment, registering a CAGR of 4.0% during the forecast.
Based on the hiking gear & equipment market analysis by product type, the gear & equipment segment generated the highest revenue in 2018 and is expected to remain dominant throughout the forecast period. This can be attributed to them being quintessential for a proper hiking. Moreover, increase in the investment in quality gear and equipment by video loggers and professional hikers paves the way for growth of this segment in the hiking gear & equipment market.
By Customer Profile
The women segment would witness the fastest growth, registering a CAGR of 4.6% during the forecast.
Based on the hiking gear & equipment market forecast by customer profile, the men segment was the most prominent segment accounting for maximum share in the global market. The growth in this segment of the hiking gear & equipment market can be attributed to higher participation of men in trail sports, which includes hiking. The women segment is expected to grow at a substantial rate owing to rise in participation of women in outdoor sports.
By distribution channels
The online segment would witness the fastest growth, registering a CAGR of 4.9% during the forecast.
Based on the distribution channels, the physical stores segment was the highest contributor to the global hiking gear & equipment market in 2018 and is expected to continue the dominant position through the forecast period. The growth in this segment can be attributed to benefits such as trail before purchase and immediate gratification. However, the online segment is estimated to grow at a higher CAGR through the forecast period owing to high penetration of internet and rise in dependence on online and mobile shopping.
By Region
2026 North America EuropeAsia-pacificLameaNorth America is the largest market growing at a CAGR of 4.1% from 2019-2026.
By region, North America was the most prominent regional market in 2018. This can be attributed to higher participation of people in the region in outdoor activities and sports. However, Asia-Pacific is expected to grow at a higher CAGR through the forecast period. The growth in this regional segment in the hiking gear & equipment market can be attributed to increase in adoption of outdoor sports and recreational activities in the region.
The players in the hiking gear & equipment industry have adopted product launch as their key development strategy to increase profitability, and to improve their stance in the hiking gear & equipment market share. The key players have also relied on business expansion to stay relevant in the market. The key players profiled in the report include The North Face, Marmont, Mountain, Black Diamond, Arc'teryx, Marmot, Mountain Hardwear, Kelty, MontBell, AMG Group, and Big Agnes.
Key Benefits for Stakeholders:
Key Market Segments:
By Product Type
By Customer Profile
By distribution channels
By Region
The growth of the hiking gear & equipment market can be attributed to rise in popularity of outdoor activities among people all around the world. Moreover, busy and hectic lifestyle coupled with increase in instances of people choosing outdoor activities such as adventure sports and outings to unwind or break the monotony of their daily life, which paves the way for the hiking gear & equipment market growth. Furthermore, increase in adventure travel and rise in the number of agencies organizing hiking tours drives the growth of the market worldwide. However, the potential risk and uncertain conditions in hiking majorly restraints the market. On the contrary, increase in influence of social media and video logging is expected to provide opportunities for growth for the global market.
Hiking Gear and Equipment Market
The hiking gear & equipment market is segmented on the basis of product type, consumer profile, distribution channels, and region. The product type segment is further classified into gear & equipment, apparel, footwear, and others. By customer profile, the hiking gear & equipment market is classified into men, women and kids. By distribution channels, the market is bifurcated into online and physical stores. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By Product Type
The Gear and Equipment segment was the largest segment, registering a CAGR of 4.0% during the forecast.
Based on the hiking gear & equipment market analysis by product type, the gear & equipment segment generated the highest revenue in 2018 and is expected to remain dominant throughout the forecast period. This can be attributed to them being quintessential for a proper hiking. Moreover, increase in the investment in quality gear and equipment by video loggers and professional hikers paves the way for growth of this segment in the hiking gear & equipment market.
By Customer Profile
The women segment would witness the fastest growth, registering a CAGR of 4.6% during the forecast.
Based on the hiking gear & equipment market forecast by customer profile, the men segment was the most prominent segment accounting for maximum share in the global market. The growth in this segment of the hiking gear & equipment market can be attributed to higher participation of men in trail sports, which includes hiking. The women segment is expected to grow at a substantial rate owing to rise in participation of women in outdoor sports.
By distribution channels
The online segment would witness the fastest growth, registering a CAGR of 4.9% during the forecast.
Based on the distribution channels, the physical stores segment was the highest contributor to the global hiking gear & equipment market in 2018 and is expected to continue the dominant position through the forecast period. The growth in this segment can be attributed to benefits such as trail before purchase and immediate gratification. However, the online segment is estimated to grow at a higher CAGR through the forecast period owing to high penetration of internet and rise in dependence on online and mobile shopping.
By Region
2026 North America EuropeAsia-pacificLameaNorth America is the largest market growing at a CAGR of 4.1% from 2019-2026.
By region, North America was the most prominent regional market in 2018. This can be attributed to higher participation of people in the region in outdoor activities and sports. However, Asia-Pacific is expected to grow at a higher CAGR through the forecast period. The growth in this regional segment in the hiking gear & equipment market can be attributed to increase in adoption of outdoor sports and recreational activities in the region.
The players in the hiking gear & equipment industry have adopted product launch as their key development strategy to increase profitability, and to improve their stance in the hiking gear & equipment market share. The key players have also relied on business expansion to stay relevant in the market. The key players profiled in the report include The North Face, Marmont, Mountain, Black Diamond, Arc'teryx, Marmot, Mountain Hardwear, Kelty, MontBell, AMG Group, and Big Agnes.
Key Benefits for Stakeholders:
- The report provides a quantitative analysis of the current hiking gear & equipment market trends, estimations, and dynamics of the market size from 2018 to 2026 to identify the prevailing opportunities.
- Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis and the market size and segmentation assists in determining the prevailing hiking gear & equipment market opportunities.
- The major countries in each region are mapped according to their revenue contribution to the market.
- The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry.
Key Market Segments:
By Product Type
- Gear & Equipment
- Apparel
- Footwear
- Others
By Customer Profile
- Men
- Women
- Kids
By distribution channels
- Online
- Physical Stores
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Landscape
Chapter 4: Hiking Gear and Equipment Market by Product Type
Chapter 5: Hiking Gear and Equipment Market by Customer Profile
Chapter 6: Hiking Gear and Equipment Market by Distribution Channel
Chapter 7: Hiking Gear and Equipment Market by Region
Chapter 8: Company Profiles
Executive Summary
According to the report titled, 'Hiking Gear & Equipment Market by Product Type, Customer Profile, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026', the hiking gear & equipment market size was valued at $20,652.6 million in 2018, and is projected to reach $28,789.7 million by 2026, registering a CAGR of 4.2% from 2019 to 2026. The gear and equipment segment was the highest contributor to the market, with $8,772.0 million in 2018, and is estimated to reach $12,081.1 million by 2026, at a CAGR of 4.0% during the forecast period.Hiking is an activity that involves long distance walks, done primarily for pleasure or exercise. The equipment used in this activity includes bags, clothing, footwear, tools such as gear repair, knives, or emergency equipment such as first aid and lighter. Hiking is one of the most preferred outdoor activity after cycling and jogging and is expected to become popular with the growing adoption of outdoor sports worldwide
The hiking gear & equipment market is primarily driven by the popularity of outdoor activities among people all around the world. The hiking gear & equipment market growth is largely influenced by travel and recreation industry and rise in these sectors directly affect the use of these equipment. Furthermore, increased investment by professional hikers and video loggers on quality gear and equipment also drives the market growth. However, the potential risk to human life by uncertain conditions in hiking act as the major restraint for the market. On the contrary, increase in influence of social media and video logging is expected to provide opportunities for growth for the hiking gear & equipment
The hiking gear & equipment market is segmented on the basis of product type, consumer profile, distribution channel and region. The product type segment is further classified into gear & equipment, apparel, footwear, and others. By customer profile, the market is classified into men, women and kids. By region, the market is categorized into North America, Europe, Asia-Pacific, and LAMEA.
According to the hiking gear & equipment market analysis by product type, the gear & equipment segment was the most prominent category in 2018 and is expected to remain dominant during the forecast period. However, the apparel segment is expected to grow at a higher CAGR through the forecast period.
According to the hiking gear & equipment market forecast based on customer profile, the men segment was the highest contributor to the global market in 2018 and is expected to remain dominant through 2019-2026. However, the women segment is expected to grow at a higher growth rate through the forecast period
By region, North America was the most prominent market in 2018 and is expected to dominate the hiking gear & equipment market through 2019-2026. The key players in the industry have adopted product launch as their key strategy to stay competitive in the market.
Key Findings of the Study:
The hiking gear & equipment market was valued at $20,652.6 million in 2018 and is estimated to reach $28,789.7 million by 2026, growing at a CAGR of 4.2% through the forecast period.
Based on product type, the gear & equipment segment is expected to witness the fastest growth, registering a CAGR of 4.0% during the forecast period.
By customer profile, the men segment held the highest share in 2018, accounting for nearly half of the global market share.
By distribution channel, the online segment was the most prominent market in 2018 and is expected to grow at a significant CAGR throughout the forecast period.
U.S. was the dominant country in 2018, accounting for a considerable share in the global market.
The players in the hiking gear & equipment industry have adopted product launch as their key development strategy to increase profitability, and to improve their stance in the hiking gear & equipment market share. The key players profiled in the report includes The North Face, Marmont, Mountain, Black Diamond, Arc'teryx, Marmot, Mountain Hardwear, Kelty, MontBell, AMG Group and Big Agnes
Companies Mentioned
- The North Face
- Marmont
- Mountain
- Black Diamond
- Arc'teryx
- Marmot
- Mountain Hardwear
- Kelty
- MontBell
- AMG Group and Big Agne
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 189 |
| Published | April 2020 |
| Forecast Period | 2018 - 2026 |
| Estimated Market Value ( USD | $ 20652.6 million |
| Forecasted Market Value ( USD | $ 28789.7 million |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
