PUBLISHER: TechNavio | PRODUCT CODE: 1398185
PUBLISHER: TechNavio | PRODUCT CODE: 1398185
The hiking gear and equipment market is forecasted to grow by USD 5.72 bn during 2023-2028, accelerating at a CAGR of 4.53% during the forecast period. The report on the hiking gear and equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising prominence of hiking as outdoor recreational activity, growing support for outdoor hiking through associations, and government initiatives to promote tourism.
Market Scope | |
---|---|
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 3.74% |
CAGR | 4.53% |
Incremental Value | $5.72bn |
Technavio's hiking gear and equipment market is segmented as below:
By Distribution Channel
By Product
By Geographical Landscape
This study identifies the rapid growth in online sales of hiking gear and equipment as one of the prime reasons driving the hiking gear and equipment market growth during the next few years. Also, increasing use of eco-friendly hiking gear and equipment and surge in innovative hiking gear and equipment designs will lead to sizable demand in the market.
The report on the hiking gear and equipment market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hiking gear and equipment market vendors that include Adidas AG, ANTA Sports Products Ltd., Arcteryx Sports Corp., ASICS Corp., BOREAL, Columbia Sportswear Co., Exxel Outdoors LLC, Johnson Outdoors Inc., KEEN Inc., La Sportiva Spa, Lukas Meindl GmbH and Co. KG, Newell Brands Inc., Nike Inc., PUMA SE, Recreational Equipment Inc., Skechers USA Inc., Tecnica Group SpA, Under Armour Inc., VF Corp., and Wolverine World Wide Inc.. Also, the hiking gear and equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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