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Hiking Footwear Market is Attribute to Reach US$ 70,000 Million Revenues by 2022

04-06-2021 09:47 AM CET | Sports

Press release from: Fact.MR

Hiking Footwear Market

Hiking Footwear Market

The global hiking footwear market is projected to expand at a robust CAGR throughout the forecast period 2017 to 2022, according to a new report by Fact.MR.

Hiking footwear offer high functionality, and great weathering resistance, and therefore are useful for travelling long distances. Sales of hiking footwear worldwide will account for revenues nearly US$ 70,000 Mn by 2022-end.

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The United Nations World Tourism Organization (UNWTO), coupled with various government organizations, is concentrating on endorsing tourism events, with an aim to inculcate adoption of healthy lifestyle by population across the globe. Demand for technologically advanced and eco-friendly hiking equipment has been witnessing a significant rise worldwide.

Leading manufacturers of hiking footwear are thriving in the market by competing based on factors such as design innovations, quality of raw materials, adaptability, price, durability, weather resistance, and weight of the footwear.

These manufacturers are also focusing on developing new innovative products, and adopting the online retail as their products’ distribution channel for gaining a competitive edge in the global hiking footwear market. These factors might impact the market growth on a large scale.

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A large number of people around the world, with increasing health concerns, are focusing on taking vacation packages that include adventure sports such as camping, rafting, rock climbing, scuba diving, and hiking, along with various outdoor physical activities.

The lifestyle of urban population worldwide has been witnessing continuous alternations, with increasing participation in adventure tourism as well as leisure vacations. This has further led to a tremendous surge in the requirement for equipment of adventure trips, such as hiking footwear. These factors are further expected to fuel demand for hiking footwear over the forecast period.

8 Key Takeaways from Fact.MR’s Report on Global Hiking Footwear Market

On the basis of design style, low-cut hiking footwear is expected to remain preferred among hikers across the globe, with sales projected to surpass revenues worth US$ 30,000 Mn by 2022-end.

Mid-cut hiking footwear sales are anticipated to hold a comparatively lower revenue share of the market than that of low-cut hiking footwear. In addition, sales of mid-cut hiking footwear will exhibit the fastest expansion in the market through 2022.

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Sales of approach shoes, and hiking shoes will register a parallel increase, exhibiting a CAGR of 26% through 2022, on the basis of product type. Hiking shoes are poised to remain the most attractive product, with revenues expected to account for more than one-third share of the market throughout the forecast period.

Hiking footwear sales in third party online sales channel are expected to exhibit the highest CAGR through 2022, as compared to all the other sales channel segments included in the report.

Direct to customer institutional channel will continue to be the largest sales channel in the global hiking footwear market, followed by the franchised sports outlet.

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Asia-Pacific excluding Japan (APEJ) is expected to be the fastest expanding market for hiking footwear during 2017 to 2022.

Europe is expected to remain dominant in the global hiking footwear market, followed by North America, in terms of revenues. Increasing interest of people in outdoor recreational activities will fuel growth of the market in these regions.
Key market players identified in the report include Deckers Outdoor Corporation, Mizuno Corporation, New Balance, Inc., Amer Sports Corporation, PUMA SE, Wolverine World Wide, Inc., NIKE, Inc., Skechers USA, Adidas AG, VF Corporation, and Under Armour, Inc.

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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: 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    Research Programs/Design    Market Size Estimation    Market Breakdown and Data Triangulation         15.1.2 Data Source    Secondary Sources    Primary Sources     15.2 Disclaimer     15.3 Author Details Buy this report
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