openPR Logo
Press release

Hiking Footwear Market is Expected to reach US$ 26.73 Billion by 2033

02-22-2024 02:12 PM CET | Sports

Press release from: Fact.MR

Hiking Footwear Market is Expected to reach US$ 26.73 Billion

Global sales of hiking footwear are projected to reach $19.70 billion by the year 2023. The global hiking footwear market (ハイキングシューズ市場) is anticipated to experience a compound annual growth rate (CAGR) of 3.1%, reaching $26.73 billion by the year 2033.

The Hiking Footwear market is experiencing a surge in demand as outdoor enthusiasts and fitness-conscious individuals embrace hiking as a popular recreational activity. This overview delves into the landscape of hiking footwear, exploring the diverse range of products available, key market players, and the factors influencing consumer choices. From the evolution of hiking footwear to its current market dynamics, this section provides insights into the features, materials, and innovations driving the industry.

Get Free Sample Copy of This Report-https://www.factmr.com/connectus/sample?flag=S&rep_id=232

Market Dynamics

The dynamics of the Hiking Footwear market are shaped by a combination of factors, including consumer preferences, technological advancements, and the growing awareness of the importance of comfortable and durable footwear for outdoor activities. The market dynamics underscore the shift towards specialized hiking footwear designed for different terrains, weather conditions, and user preferences. As consumers prioritize performance, comfort, and style, manufacturers are responding with innovative designs, materials, and technologies to meet diverse demands.

Moreover, the market dynamics highlight the influence of sustainability in the production of hiking footwear. Consumers are increasingly seeking eco-friendly options, prompting manufacturers to explore recycled materials, ethical sourcing, and sustainable production practices. The dynamics also reveal the impact of e-commerce and digital platforms, as consumers research and purchase hiking footwear online, contributing to the direct-to-consumer trend.

Market Trends

Trends in the Hiking Footwear market (Pasar Kasut Kembara) reflect the industry's response to evolving consumer expectations and lifestyle choices. One notable trend is the incorporation of advanced technologies for enhanced performance. Waterproof and breathable membranes, lightweight materials, and innovative sole designs are becoming prevalent features as consumers seek footwear that not only provides comfort but also addresses the challenges of various hiking environments.

Furthermore, the market trends highlight the rise of multifunctional hiking footwear that seamlessly transitions from trail to urban settings. Versatility and style are increasingly prioritized, appealing to a broader audience beyond avid hikers. The trend towards gender-neutral designs and inclusive sizing also underscores the industry's commitment to catering to diverse demographics. Additionally, the market trends showcase the popularity of collaborations between hiking footwear brands and outdoor influencers or celebrities, contributing to the elevation of these products as lifestyle choices.

List of Key Companies Profiled in The Report

• New Balance Inc.
• Adidas AG
• VF Corporation
• Mizuno Corporation
• NIKE Inc.
• Sketchers USA Inc.
• Deckers Outdoor Corporation
• Amer Sports Corporation
• Wolverine World Wide Inc.
• Others

Value Chain

The Hiking Footwear market value chain encompasses various stages, from design and manufacturing to distribution, retail, and consumer use. Key stakeholders include designers, material suppliers, manufacturers, retailers, and consumers. The value chain begins with the conception and design of hiking footwear, incorporating considerations for functionality, aesthetics, and performance. The manufacturing phase involves the sourcing of materials, production processes, and quality control to ensure the final product meets industry standards.

Distribution channels play a crucial role in making hiking footwear accessible to consumers, with retailers serving as key intermediaries. Marketing and branding efforts focus on conveying the features and benefits of hiking footwear, influencing consumer choices. The end of the value chain involves the consumers' selection, purchase, and use of hiking footwear, contributing to the overall success and reputation of the brand.

Want Full Report? Enquire Here-https://www.factmr.com/report/232/hiking-footwear-market

Recent Industry News

Recent industry news in the Hiking Footwear market (Рынок походной обуви) highlights ongoing developments, strategic partnerships, and noteworthy achievements within the sector. Notable announcements include the launch of technologically advanced hiking footwear lines, featuring cutting-edge materials and design innovations. These developments signify the industry's commitment to staying at the forefront of performance and comfort.

Furthermore, recent industry news showcases collaborations between hiking footwear brands and environmental organizations to promote sustainability initiatives. Some brands are actively investing in reducing their environmental footprint, exploring eco-friendly materials, and implementing recycling programs. Additionally, there are notable developments in the integration of augmented reality (AR) and virtual reality (VR) technologies to enhance the consumer shopping experience, allowing users to virtually try on hiking footwear before making a purchase.

Notable Developments In Hiking Footwear Market

Notable developments in the Hiking Footwear market underscore the industry's dedication to innovation, performance, and sustainability. Some brands are exploring the use of recycled and bio-based materials in their footwear, addressing environmental concerns and aligning with consumer values. These developments signify a broader commitment to reducing the ecological impact of manufacturing processes.

Moreover, there is a notable trend towards customization and personalization in hiking footwear. Brands are offering customizable features, allowing consumers to tailor their footwear based on individual preferences, foot shapes, and intended use. This trend contributes to a more personalized and user-centric approach, enhancing the overall consumer experience.

Competitive Landscape

Leading providers of hiking footwear are dedicated to enhancing their supply chain management systems, delivering and innovating top-notch products, and upholding stringent product standards.

Market participants are executing diverse strategic moves such as acquisitions and mergers to extend their global presence.

As an illustration, in August 2019, Lowa completed the acquisition of Rika Sports S.r.l., an Italian manufacturer of sports footwear, including hiking wear. This strategic acquisition is anticipated to contribute to Lowa's expansion by bolstering its workforce and further solidifying its position in the market.

Segmentation of Hiking Footwear Industry Research

• By Product Type:
o Trail Shoes
o Hiking Shoes
o Approach Shoes
o Mountaineering Boots
o Hiking Boots

• By Design:
o Low Cut
o Mid Cut
o High Cut

• By Sales Channel:
o Independent Sports Outlets
o Franchised Sports Outlets
o Direct-to-Customer Brand Outlets
o Modern Trade Channels
o Direct-to-Customer Online Channels
o Third-party Online Channels
o Direct-to-Customer Institutional Channels

• By Region:
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa

The Hiking Footwear market is a vibrant and evolving industry that caters to the needs of outdoor enthusiasts worldwide. This article has provided a comprehensive exploration of its overview, insights, future outlook, growth patterns, opportunities, and notable developments. As the market continues to adapt to changing consumer preferences and industry trends, staying informed is crucial for both consumers and businesses operating in the exciting world of Hiking Footwear.

Explore More Related Studies Published by Fact.MR Research:

Athletic Footwear Market(하이킹 신발 시장):https://www.factmr.com/report/225/athletic-footwear-market

Sports Footwear Market(스포츠 신발 시장):https://www.factmr.com/report/281/sports-footwear-market

Orthopedic Footwear Market(정형외과 신발 시장):https://www.factmr.com/report/1159/orthopedic-footwear-market

Kids Footwear Market(어린이 신발 시장):https://www.factmr.com/report/3609/kids-footwear-market

Contact:

US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com

About Fact.MR:

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Hiking Footwear Market is Expected to reach US$ 26.73 Billion by 2033 here

News-ID: 3395600 • Views:

More Releases from Fact.MR

Insights into the Medical Gloves Market to Exceed US$ 27 Billion by 2034
04-19-2024 | Health & Medicine
Fact.MR
Insights into the Medical Gloves Market to Exceed US$ 27 Billion by 2034
The global medical gloves market (医療用手袋市場) is projected to reach a valuation of over US$ 27,141.5 million by 2034, growing from an estimated worth of US$ 11,299 million in 2024, with a forecasted compound annual growth rate (CAGR) of 9.2% until 2034. The increasing emphasis on hygiene and infection control, particularly in healthcare environments, is driving demand for medical gloves. This demand is further fueled by stringent regulations governing healthcare standards.
Aerial Inspection Services Market is accelerate at a CAGR of 17.5% to top US$ 9.5 billion by 2033.
Aerial Inspection Services Market is accelerate at a CAGR of 17.5% to top US$ 9. …
The global Aerial Inspection Services is expected to reach a value of US$ 1.9 billion and is projected to grow at a compound annual growth rate (CAGR) of 17.5% over the next decade, reaching US$ 9.5 billion by 2033.Drone inspection services dominate this market, accounting for approximately 90.0% of the total aerial inspection services sector. Moreover, this segment represents a significant portion, around 25.0%, of the broader drone services market,
Bioink Market Expected to Reach US$ 1.03 Billion by 2034 with 18.8% CAGR
04-19-2024 | Health & Medicine
Fact.MR
Bioink Market Expected to Reach US$ 1.03 Billion by 2034 with 18.8% CAGR
In 2024, the global bioink market (バイオインク市場) is estimated at US$ 185.6 million. Forecasts project a remarkable Compound Annual Growth Rate (CAGR) of 18.8%, catapulting the demand for bioinks to reach a substantial market value of US$ 1.03 billion by 2034. Recent years have witnessed a consistent rise in the necessity for organ replacements and tissue regeneration. Innovations in these fields are anticipated to facilitate the transformation of damaged tissues into
Bonded Magnet Market is forecast to reach a valuation of US$ 10.9 Billion by 2032
Bonded Magnet Market is forecast to reach a valuation of US$ 10.9 Billion by 203 …
The Bonded Magnet Market is currently valued at around US$ 5.1 billion, and it is expected to experience substantial growth in the coming years. Projections suggest that the market will reach a valuation of US$ 10.9 billion by 2032, growing at an impressive compound annual growth rate (CAGR) of 7.8% from 2022 to 2032. Bonded magnets play a significant role in the global magnet market, accounting for approximately 14% of its

All 5 Releases


More Releases for Footwear

Industrial Safety Footwear Market By Product Type (Leather Footwear, Plastic Foo …
Industry Outlook and Trend Analysis The Industrial Safety Footwear Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Industrial footwear is intended for the security of laborers utilized in ventures, for example, construction, mining, transportation, oil & gas, pharmaceutical, chemicals, and manufacturing. The shift toward specialist security has made colossal interest for modern footwear in various businesses. Different progressing technological advancements,
Industrial Footwear Market by Product Type (Waterproof Footwear, Leather Footwea …
Industrial footwear is designed for the safety of workers employed in industries such as mining, construction, oil & gas, transportation, pharmaceutical, manufacturing, and chemicals. The shift toward worker safety has created huge demand for industrial footwear in different industries. Access Full Report: https://www.alliedmarketresearch.com/industrial-footwear-market Various ongoing technological developments, such as use of lighter composite materials in the manufacturing of footwear, have resulted in increase in demand of these industrial footwear. Key players
North America's Footwear Market By Type (Athletic footwear and non-athletic foot …
Researchmoz added Most up-to-date research on "North America's Footwear Market By Type (Athletic footwear and non-athletic footwear) By Gender (Men's Footwear, Women's Footwear)" to its huge collection of research reports. The North America footwear market is categorized into athletic and non-athletic footwear. Athletic footwear refers to all kinds of footwear designed for sports purpose or for other forms of physical exercises which includes insert shoes, sports (Cross Training), hiking shoes and
Footwear 2017 - Footwear Market (By Product Type: Athletic Footwear, Non-Athleti …
"Footwear Market (By Product Type: Athletic Footwear, Non-Athletic Footwear; By Gender: Men’ Footwear, Women’s Footwear, Kids’ Footwear) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023" The Report covers current Industries Trends, Worldwide Analysis, Global Forecast, Review, Share, Size, Growth, Effect. Description- The global footwear industry has been experiencing rapid expansion, primarily due to rapid demand for new and innovative footwear products worldwide. Due to advancements in manufacturing
Footwear Market By Type (Athletic footwear and non-athletic footwear) By Gender …
The footwear market in North America is being influenced by the introduction of new innovations and styles within the different categories of footwear. The rising count of athletes and the increasing shift towards staying fit and active are the major factors propelling the growth of the North America footwear market. The increasing sense of fashion in this region is also impacting the market positively. In addition, the increasing count of
North America Footwear Market By Type (Athletic footwear and non-athletic footwe …
The North America footwear market is categorized into athletic and non-athletic footwear. Athletic footwear refers to all kinds of footwear designed for sports purpose or for other forms of physical exercises which includes insert shoes, sports (Cross Training), hiking shoes and backpacking boots for men, women and children. Non-athletic footwear includes all kinds of footwear which can be classified into dress formal, casual footwear and fashion footwear. Browse The Report: