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Hiking Footwear Market Proposals & Trends Leading to Strong CAGR Growth during 2017 to 2022

01-11-2018 08:13 AM CET | Sports

Press release from: Fact.MR



Hiking footwear is equipped with thick & rugged sole that is well-suited for treading on rough terrains. Hiking footwear is useful for long distance travel, owing to their provision of great functionality and weathering. Hiking footwear is highly durable and water-resistant.

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Adventure tourism has been witnessing a tremendous surge over the past couple of years. There is a growing inclination towards combining leisure with adventure, owing to which hiking, scuba diving, and rock climbing. Several government organizations in collaboration with United Nations World Tourism Organization (UNWTO) are promoting adventure sports. These factors have also rubbed off on the popularity of hiking, with more people around the globe indulging in this health and wellness activity. This has led to increased demand for various hiking products, such as backpacking tents, water bottles, and hydration gear. As demand evolves, consumers are looking for advanced and eco-friendly equipment.

The growing popularity of hiking has been favorable for the prospects of the global hiking footwear market. Major players in the global hiking footwear market are competing on the basis of weight, durability, weather resistance, price, design innovations, adaptability, and quality of raw materials. In addition, manufacturers are concentrating on product innovation, and adopting online retail as distribution channel, in a bid to gain a competitive edge in the market.

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

1. 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.
2. 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.
3. 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.
4. 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.
5. 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.
6. Asia-Pacific excluding Japan (APEJ) is expected to be the fastest expanding market for hiking footwear during 2017 to 2022.
7. 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.

Europe & North America- Lucrative Markets for Hiking Footwear
Europe is estimated to remain the most attractive market for hiking footwear, and is projected to create an absolute $ opportunity of over US$ 2,000 Mn during 2017 to 2022. North America will continue to be the second largest market for hiking footwear. Growing interest in the outdoor recreational activity among people will drive the market growth in Europe and North America. The hiking footwear market in Asia-Pacific excluding Japan (APEJ) is poised to exhibit the highest CAGR through 2022.

Based on product type, sales of hiking shoes and approach shoes are expected to exhibit a parallel expansion at 26% CAGR through 2022. Hiking shoes will continue to be the most lucrative product, accounting for over one-third revenue share of the market over the forecast period.

Direct to customer institutional channel are projected to remain the largest sales channel for hiking footwear across the globe, followed by franchised sports outlet. However, sales of hiking footwear in third party online channel are poised to register the fastest expansion through 2022.

Based on design style, low-cut hiking footwear will remain sought-after among consumers around the world, with sales estimated to exceed US$ 30,000 Mn in revenues by 2022-end. Mid-cut design of hiking footwear will account for a relatively lower revenues than low-cut design hiking footwear, however sales of mid-cut design hiking footwear will register the highest CAGR through 2022.

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Competition Tracking
The report by Fact.MR profiles key market players, which include Skechers USA, Inc., New Balance, Inc., VF Corporation, Deckers Outdoor Corporation, Wolverine World Wide, Inc., Amer Sports Corporation, Under Armour, Inc., Adidas AG, NIKE, Inc., Mizuno Corporation, and PUMA SE.

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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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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