Hiking Gear and Equipment Market to see Huge Growth by 2031

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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Article source: https://article-realm.com/article/Health-Fitness/62915-Hiking-Gear-and-Equipment-Market-to-see-Huge-Growth-by-2031.html