The ‘Global Hiking Footwear Market Size, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global hiking footwear market, assessing the market on the basis of its segments like design styles, distribution channels, end users, and major regions.
Hiking Footwear Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): Over USD 18.7 Billion
- Forecast CAGR (2023-2028): 3.30%
Hiking is significantly gaining popularity as a recreational and physical activity that can provide several health benefits, such as reducing blood pressure and improving cardiovascular health. Hiking footwear is available in diverse sizes and designs, and posit excellent properties, including flexibility, lightweight, and durability.
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The hiking footwear market is being aided by the introduction of favourable government initiatives aimed at promoting physical activities and sustainable tourism. Moreover, the growing popularity of social media trends such as soft hiking, which is accessible to individuals of all fitness levels, is likely to further bolster the demand for hiking footwear.
Key market players are developing innovative hiking footwear with exceptional characteristics, enhanced quality, and superior performance to meet evolving consumer expectations, which is further boosting the market growth.
Hiking Footwear Industry Definition and Major Segments
Hiking footwear refers to hiking shoes that are designed for protecting ankles and feet during hiking. It is functional, comfortable, and designed for different types of surfaces. It is also durable, lightweight, and available in diverse styles and sizes, which is adding to its popularity.
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The market, on the basis of design style, is categorised into:
- Low Cut
- Mid Cut
- High Cut
The various distribution channels of the product include:
- Offline Retail Stores
- Online Retail Stores
Based on end user, the market is divided into:
The major regional markets of hiking footwear include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Hiking footwear has gained wide popularity among customers as they are versatile, comfortable, waterproof, and stylish. The increasing launch of innovative hiking footwear that is not only designed for a hike but also provides lifestyle appeal is propelling the market.
The hiking footwear market is being driven by the increasing popularity of athleisure and the rising emphasis on comfort, especially among the growing Gen-Z and millennial population. The emerging trend of functional fashion, coupled with the rising demand for durable and practical footwear, is also fuelling the demand for hiking footwear, most notably sneakers and boots.
With the increasing number of women embracing hiking as an outdoor activity, key players are developing hiking footwear that offers enhanced traction in wet and dry conditions and surges the comfortability of hikers.
Key Market Players
The major players in the hiking footwear market report are Mizuno Corporation, New Balance, Inc., Amer Sports Corporation, PUMA SE, Wolverine World Wide, Inc., and NIKE, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
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