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Global Hiking Gear & Equipment Market Expected to Reach $28,789.7 Million by 2026

05-19-2020 04:30 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Global Hiking Gear & Equipment Market Expected to Reach

"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.

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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.

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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

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

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Global Hiking Market Size, Status and Forecast
This report focuses on the global Hiking status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Hiking development in United States, Europe and China. In 2017, the global Hiking market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025.  Get sample copy of the report: www.marketdensity.com/contact?ref=Sample&reportid=61505 Table of Contents: Table of Contents1 Report Overview     1.1 Study Scope     1.2 Key Market Segments     1.3 Players Covered     1.4 Market Analysis by Type         1.4.1 Global Hiking Market Size Growth Rate by Type (2013-2025)         1.4.2 Island         1.4.3 landscape         1.4.4 Polar Region         1.4.5 Other     1.5 Market by Application         1.5.1 Global Hiking Market Share by Application (2013-2025)         1.5.2 Millennial         1.5.3 Generation X         1.5.4 Baby Boomers         1.5.5 Others     1.6 Study Objectives     1.7 Years Considered2 Global Growth Trends     2.1 Hiking Market Size     2.2 Hiking Growth Trends by Regions         2.2.1 Hiking Market Size by Regions (2013-2025)         2.2.2 Hiking Market Share by Regions (2013-2018)     2.3 Industry Trends         2.3.1 Market Top Trends         2.3.2 Market Drivers         2.3.3 Market Opportunities3 Market Share by Key Players     3.1 Hiking Market Size by Manufacturers         3.1.1 Global Hiking Revenue by Manufacturers (2013-2018)         3.1.2 Global Hiking Revenue Market Share by Manufacturers (2013-2018)         3.1.3 Global Hiking Market Concentration Ratio (CR5 and HHI)     3.2 Hiking Key Players Head office and Area Served     3.3 Key Players Hiking Product/Solution/Service     3.4 Date of Enter into Hiking Market     3.5 Mergers & Acquisitions, Expansion Plans4 Breakdown Data by Type and Application     4.1 Global Hiking Market Size by Type (2013-2018)     4.2 Global Hiking Market Size by Application (2013-2018)5 United States     5.1 United States Hiking Market Size (2013-2018)     5.2 Hiking Key Players in United States     5.3 United States Hiking Market Size by Type     5.4 United States Hiking Market Size by Application6 Europe     6.1 Europe Hiking Market Size (2013-2018)     6.2 Hiking Key Players in Europe     6.3 Europe Hiking Market Size by Type     6.4 Europe Hiking Market Size by Application7 China     7.1 China Hiking Market Size (2013-2018)     7.2 Hiking Key Players in China     7.3 China Hiking Market Size by Type     7.4 China Hiking Market Size by Application8 Japan     8.1 Japan Hiking Market Size (2013-2018)     8.2 Hiking Key Players in Japan     8.3 Japan Hiking Market Size by Type     8.4 Japan Hiking Market Size by Application9 Southeast Asia     9.1 Southeast Asia Hiking Market Size (2013-2018)     9.2 Hiking Key Players in Southeast Asia     9.3 Southeast Asia Hiking Market Size by Type     9.4 Southeast Asia Hiking Market Size by Application10 India     10.1 India Hiking Market Size (2013-2018)     10.2 Hiking Key Players in India     10.3 India Hiking Market Size by Type     10.4 India Hiking Market Size by Application11 Central & South America     11.1 Central & South America Hiking Market Size (2013-2018)     11.2 Hiking Key Players in Central & South America     11.3 Central & South America Hiking Market Size by Type     11.4 Central & South America Hiking Market Size by Application12 International Players Profiles     12.1 TUI Group         12.1.1 TUI Group Company Details         12.1.2 Company Description and Business Overview         12.1.3 Hiking Introduction         12.1.4 TUI Group Revenue in Hiking Business (2013-2018)         12.1.5 TUI Group Recent Development     12.2 Thomas Cook Group         12.2.1 Thomas Cook Group Company Details         12.2.2 Company Description and Business Overview         12.2.3 Hiking Introduction         12.2.4 Thomas Cook Group Revenue in Hiking Business (2013-2018)         12.2.5 Thomas Cook Group Recent Development     12.3 Jet2 Holidays         12.3.1 Jet2 Holidays Company Details         12.3.2 Company Description and Business Overview         12.3.3 Hiking Introduction         12.3.4 Jet2 Holidays Revenue in Hiking Business (2013-2018)         12.3.5 Jet2 Holidays Recent Development     12.4 Cox & Kings Ltd         12.4.1 Cox & Kings Ltd Company Details         12.4.2 Company Description and Business Overview         12.4.3 Hiking Introduction         12.4.4 Cox & Kings Ltd Revenue in Hiking Business (2013-2018)         12.4.5 Cox & Kings Ltd Recent Development     12.5 Lindblad Expeditions         12.5.1 Lindblad Expeditions Company Details         12.5.2 Company Description and Business Overview         12.5.3 Hiking Introduction         12.5.4 Lindblad Expeditions Revenue in Hiking Business (2013-2018)         12.5.5 Lindblad Expeditions Recent Development     12.6 Travcoa         12.6.1 Travcoa Company Details         12.6.2 Company Description and Business Overview         12.6.3 Hiking Introduction         12.6.4 Travcoa Revenue in Hiking Business (2013-2018)         12.6.5 Travcoa Recent Development     12.7 Scott Dunn         12.7.1 Scott Dunn Company Details         12.7.2 Company Description and Business Overview         12.7.3 Hiking Introduction         12.7.4 Scott Dunn Revenue in Hiking Business (2013-2018)         12.7.5 Scott Dunn Recent Development     12.8 Abercrombie & Kent Ltd         12.8.1 Abercrombie & Kent Ltd Company Details         12.8.2 Company Description and Business Overview         12.8.3 Hiking Introduction         12.8.4 Abercrombie & Kent Ltd Revenue in Hiking Business (2013-2018)         12.8.5 Abercrombie & Kent Ltd Recent Development     12.9 Micato Safaris         12.9.1 Micato Safaris Company Details         12.9.2 Company Description and Business Overview         12.9.3 Hiking Introduction         12.9.4 Micato Safaris Revenue in Hiking Business (2013-2018)         12.9.5 Micato Safaris Recent Development     12.10 Tauck         12.10.1 Tauck Company Details         12.10.2 Company Description and Business Overview         12.10.3 Hiking Introduction         12.10.4 Tauck Revenue in Hiking Business (2013-2018)         12.10.5 Tauck Recent Development     12.11 Al Tayyar     12.12 Backroads     12.13 Zicasso     12.14 Exodus Travels     12.15 Butterfield & Robinson13 Market Forecast 2018-2025     13.1 Market Size Forecast by Regions     13.2 United States     13.3 Europe     13.4 China     13.5 Japan     13.6 Southeast Asia     13.7 India     13.8 Central & South America     13.9 Market Size Forecast by Product (2018-2025)     13.10 Market Size Forecast by Application (2018-2025)14 Analyst's Viewpoints/Conclusions15 Appendix     15.1 Research Methodology         15.1.1 Methodology/Research Approach             15.1.1.1 Research Programs/Design             15.1.1.2 Market Size Estimation             12.1.1.3 Market Breakdown and Data Triangulation         15.1.2 Data Source             15.1.2.1 Secondary Sources             15.1.2.2 Primary Sources     15.2 Disclaimer     15.3 Author Details Buy this report
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