Global Hiking Gear and Equipment Market Size To Exceed USD 11.89 Billion by 2033
According to a research report published by Spherical Insights and Consulting, The Global Hiking Gear and Equipment Market Size is Expected to Grow from USD 5.32 Billion in 2023 to USD 11.89 Billion by 2033, at a CAGR of 8.37% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Hiking Gear and Equipment Market Size, Share, and COVID-19 Impact Analysis, By Product (Clothes, Footwear, and Backpacks), By Distribution Channel (Specialty Stores, Retail Stores, and Online), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
The hiking gear and equipment market refers to the global industry involved in the design, production, and sale of products specifically intended for hiking and trekking activities. This includes essential gear such as backpacks, hiking boots, tents, sleeping bags, trekking poles, clothing, hydration systems, navigation tools, and safety equipment. Moreover, the hiking gear and equipment market is driven by rising outdoor recreation trends, increasing health and fitness awareness, and growing interest in adventure tourism. Technological advancements in lightweight and durable materials, eco-conscious product development, and expanding e-commerce platforms also contribute to market growth, especially among millennials and Gen Z consumers. However, the hiking gear and equipment market faces restraints such as high product costs, seasonal demand fluctuations, limited awareness in developing regions, and competition from counterfeit or low-quality alternatives affecting brand reputation and sales.
The footwear segment accounted for the largest share of the global hiking gear and equipment market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on product, the global hiking gear and equipment market is divided into clothes, footwear, and backpacks. Among these, the footwear segment accounted for the largest share of the global hiking gear and equipment market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is due to its critical role in ensuring safety, comfort, and performance during hikes. High demand for durable, weather-resistant, and terrain-specific hiking boots and shoes makes footwear a top priority for both casual hikers and outdoor enthusiasts worldwide.
The specialty stores segment accounted for a substantial share of the global hiking gear and equipment market in 2023 and is anticipated to grow at a rapid pace during the projected period.
On the basis of the distribution channel, the global hiking gear and equipment market is divided into specialty stores, retail stores, and online. Among these, the specialty stores segment accounted for a substantial share of the global hiking gear and equipment market in 2023 and is anticipated to grow rapidly during the projected period. This is due to their expert customer service, a wide range of high-quality products, and ability to offer tailored recommendations. These stores cater specifically to outdoor enthusiasts, building trust and loyalty among consumers seeking reliable, durable, and performance-oriented hiking gear.
North America is projected to hold the largest share of the global hiking gear and equipment market over the projected period.
North America is projected to hold the largest share of the global hiking gear and equipment market over the projected period. This is driven by a strong culture of outdoor recreation, well-established national parks, and high consumer spending on adventure activities. The U.S. leads the region with a robust retail network, advanced product innovation, and a growing eco-conscious consumer base.
Europe is expected to grow at the fastest CAGR of the global hiking gear and equipment market during the projected period. This is supported by a strong tradition of hiking, extensive trail networks, and rising interest in nature-based tourism. Countries like Germany, France, and the UK lead the market, with consumers valuing high-quality, sustainable gear and a growing preference for outdoor lifestyles.
Company Profiling
Major vendors in the global hiking gear and equipment market are TATONKA, Montbell Co., Ltd., AMG-Group, The North Face, Sierra Designs, Marmot Mountain, LLC., Equinox Ltd., Mountain Hardwear, Amer Sports, Black Diamond Equipment, Ltd., and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In September 2024, Rossignol introduced Vezor, a trail running shoe that offers the best combination of precision, traction, and push performance for trail runners running over rugged surfaces. It features a nitrogen-injected foam for maximum energy return and a Michelin sole for best grip to satisfy the requirements of professional and amateur athletes.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global hiking gear and equipment market based on the below-mentioned segments:
Global Hiking Gear and Equipment Market, By Product
- Clothes
- Footwear
- Backpacks
Global Hiking Gear and Equipment Market, By Distribution Channel
- Specialty Stores
- Retail Stores
- Online
Global Hiking Gear and Equipment Market, By Regional
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East and Africa