Hiking Gear and Equipment Market is anticipated to register a significant growth of 4.3% during the forecast period. The primary attribute promoting the growth of the hiking gear and equipment market is the boost in sporting activities among the youths. The prominence of outdoor sporting events has been increasing gradually over the years due to fitness trends, healthy lifestyles, and recreational activities. This trend in opting fit and healthy lifestyle in addition to the rising rate of urbanization has also positively impacted the hiking gear and equipment market. Further, the shift in demographics, a rise in urban population, and the increased importance of healthy living are driving recreational outdoor activities, thus causing the boost in demand for hiking gear and equipment.
The popularity of hiking apparel such as hiking boots on social media and effective marketing by the apparel manufacturers are alluring consumers towards adopting these apparels. Social media is more popular among millennials, and millennials create a large chunk of the consumer base for hikers in the market. Further, according to the US Census Bureau, the youngest millennial is expected to reach adulthood by 2020, therefore accounting for about 28% of the US population as well as 50% of the working population in the US. This development is expected to positively impact hiking gear and equipment. Furthermore, busy and hectic life coupled with the stress-infused mundane daily schedule is compelling people to choose outdoor activities including hiking for a change, hence driving the market growth.
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Hiking Gear & Equipment Market Segmentation
By Product
Sleep Solution (Sleeping Bags, Pads, Blanket)
Shelter Solution (Tents, Shelters, Tarps)
Clothing
Footwear
Bags &Backpacks
Others
By End-User
Men
Women
Kids
By Distribution Channel
Online
Retail Stores (Offline Stores)
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Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Company Profiles
Adidas AG
Amer SportsCorp.
American Recreation Products, Inc.
AMG-Group Ltd.
Asics Corp.
Big Agnes, Inc.
Black Diamond Equipment Ltd.
Columbia Sportswear Co.
Decathlon S.A.
Deuter Sport GmbH
Equinox Ltd.
Garmin Ltd.
Hilleberg the Tentmaker, Inc.
Johnson Outdoors Inc.
Kelty(Exxel Outdoors, LLC)
Marmot Mountain LLC
Montbell Co., Ltd.
NEMO Equipment, Inc.
Nike Inc.
Oliveplanet Pvt. Ltd.
Osprey Packs, Inc.
Puma SE
TATONKA GmbH
VF Corp.
Wildcraft India Pvt Ltd.
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