Demand For Hiking Shoes Market Is Set To Increase Faster At A CAGR Of 4% Across The Assessment Period Of 2021 To 2031
According to Fact.MR’s recent study on the global hiking footwear market, the market reached a valuation of around US$ 18 Bn in 2020, which amounts to around 4% share of the overall footwear market. Hiking footwear sales are slated to increase at a CAGR of 3% to top US$ 25 Bn by 2031. Demand for hiking shoes is set to increase faster at a CAGR of 4% across the assessment period of 2021 to 2031.
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Demand Analysis of Hiking Footwear (2016 to 2020) Vs Market Outlook (2021 to 2031)
As per Fact.MR, a market research and competitive intelligence provider, the global market for hiking footwear was valued at US$ 18 Bn in 2020.
Hiking footwear offers high functionality and great weathering resistance, and therefore, is useful for trekking long distances. Adventure tourism has been witnessing tremendous surge over the past couple of years. There is growing inclination towards combining leisure with adventure, owing to increasing popularity of hiking, scuba diving, and rock climbing.
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Key Segments Covered in Hiking Footwear Industry Research
Low Cut Hiking Footwear
Mid Cut Hiking Footwear
High Cut Hiking Footwear
Sales of Hiking Footwear via Independent Sports Outlets
Sales of Hiking Footwear via Franchised Sports Outlets
Sales of Hiking Footwear via Modern Trade Channels
Sales of Hiking Footwear via Direct to Customer Brand Outlets
Sales of Hiking Footwear via Direct to Customer Online Channels
Sales of Hiking Footwear via Direct to Customer Institutional Channels
Sales of Hiking Footwear via Third-Party Online Channels
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Key Companies Profiled
New Balance Inc.
Deckers Outdoor Corporation
Wolverine World Wide Inc.
Amer Sports Corporation
Under Armour Inc.
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Key Questions Answered in Report
Which are the most lucrative markets for hiking footwear?
Which factors will impact the growth of the market?
How will changing trends impact the strategies of market players?
How can market players capture the low-hanging opportunities across regions?
Which companies are leading the hiking footwear industry?
What are the winning strategies of stakeholders in the market?
For More Insights- https://www.einpresswire.com/article/556417576/consumer-inclination-towards-aesthetic-dentistry-to-foster-advancements-in-dental-3d-printing-technology-fact-mr
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