Hiking Gear and Equipment Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

Hiking gear and equipment ensures comfort, safety and enjoyment for hiking enthusiasts who loves to explore nature and experience rugged terrains or loves hiking. From sturdy bag to durable footwear to weather resistant clothing and essential accessories including first aid box, navigating device, multi-tool, map, tent for shelter and more that enhances the hiking experience and helps tackle various challenges during the hiking journey with confidence.

MARKET OVERVIEW

The hiking gear and equipment market was valued at USD 4.4 billion in the year 2022 and is projected to reach USD 9.6 billion by 2030, growing at a CAGR of 10.2%. The hiking gear and equipment market has a wide range of products to meet the diverse needs and preferences of hikers, campers and others. The market includes essential items such as bag packs, boots, trekking poles, clothing layers, tents, sleeping bags, navigation tools and emergency supplies. As more individuals embrace outdoor activities and seek hiking experiences than this market is projected to witness steady growth.

GROWTH DRIVERS

The rise in tourism and travelling several destinations including outdoor recreation like hiking, trekking and camping contributes to the expansion of hiking gear and equipment market. As more travelers seek opportunities for adventure, exploration and connection with nature, the demand for multi-day hiking or treks will increase with the increase in the demand for durable, reliable gear and equipment’s for hiking.

Social media influence has been a significant driver for driving the demand for sharing hiking experiences and through influencer marketing for recommendation of hiking gears and equipment’s and increasing the sales for brands. Emphasis of health and wellness trends also contributes to the growth of this market, for mental well-being, physical benefits and stress reduction and the modern lifestyle have led people for the desire to connect with nature and hence they invest in equipment’s and gears.

Technological advancement in the material and functionality like waterproof, lightweight and breathable properties of the gear and equipment’s enhances the user experience and satisfaction.

MARKET SEGMENTATION:

·         By Product Type – footwear, apparel, gear and equipment

·         By Gender – Men, Women, Kids

·         By Region - North America, Europe, Asia Pacific, the Middle East and Africa, and South America.

Hiking Gear and Equipment Market by Product Type Segment Review:

Hiking apparel encompasses a wide range of clothing items like jackets, gloves, hats and pants designed for outdoor activities, it is constructed in a manner that it offers moisture-wicking, breathability, adjustable cuffs to ensure comfort and performance in various weather conditions. Footwear including hiking boots and shoes designed to provide support and protection for hikers and are made from durable materials like leather, synthetic fabrics to withstand rugged conditions and provide long-lasting performance.

Hiking gear has a wide range of products including bag packs with shoulder straps and hip belts and multiple compartments with hydration system for carrying essential supplies and water, hiking tents for one-person to spacious models with waterproof materials, sleeping bags that provide comfort and warmth with different styles, hiking poles or walking sticks to provide stability and balance on uneven landscape.

Hiking equipments like GPS devices which is essential for navigation assistance and help in tracking the route and waypoints, first aid kits as safety is a must during outdoor activities, it contains supplies including wound dressings, antiseptics, pain relievers packed in compact cases for treating injuries, hiking in low light conditions or at night headlamps provide hands-free lighting for hikers which comes with  adjustable brightness and good battery life and multi tools like knives, screwdrivers, scissors for various tasks.

Hiking Gear and Equipment Market by Gender Segment Review:

The hiking gear and equipment is tailored to meet the needs with specific designs for men, women and children. Each category is crafted to enhance comfort, mobility and durability during adventures, ensuring that hikers of all ages and genders can explore with ease and confidence.

Hiking Gear and Equipment market by Regional Analysis:

North America is one of the biggest market for sports and adventure because of the involvement in sports and outdoor activities and presence of key market players and South America has great potential for hiking gear and equipment’s supported by diverse landscapes and coastal regions. Europe is a significant market because of the growth in health and fitness activities and individuals actively participating in hiking events. Asia pacific is a growing market for hiking fueled by rising disposable income and steady economic. Middle East and Africa exhibit a growing demand because of the tourism for the diverse landscapes.

Key Challenges:

The demand for hiking gear and equipment are highly seasonal which creates problem in production planning particularly for small manufacturers or those who are new in the market. Inventory management is also a key challenge faced because overstocking during peak demands can tie up capital and storage leading to increase in cost.

Competitive Landscape:

Hiking gear and equipment are likely to be expensive, companies offering pricing strategies, discounts and promotional offers to attract price-sensitive customers and remain competitive in market. Companies investing in sponsorships and influencer marketing as an advertising strategy to increase brand visibility among targeted consumers. Innovation of gear and equipment that offer superior performance and functionality with durability is what companies are focusing on.  Companies leveraging distribution channels including online and offline retailers and direct to customers to reach wider audience. 

Global Key Players:

·         Marmot

·         Black Diamond

·         The North Face

·         Columbia

·         Black Yak

·         Mountain Hardwear

·         Nextorch

·         Decathlon

·         Sierra Designs