According to a market report by Lucintel, the future of the trekking and hiking market looks promising with opportunities in the clothes, footwear, backpack, and equipment markets. The global trekking and hiking market is expected to reach an estimated $182.9 million by 2028 with a CAGR of 6% from 2023 to 2028. The major drivers for this market are increasing awareness of consumer on adopting a healthy lifestyle, growing inclination towards a fitness regime, and rising trend of outdoor activities across the globe.
Within this market, clothes are expected to remain the largest segment due to the increased demand for hiking apparel in line with a changing lifestyle and growing consumer participation in hiking activities.
North America will remain the largest region due to the growing number of people who are looking for outdoor spaces where they may exercise and connect with nature, expanding construction of hiking trails, and significant presence of hikers in the region.
The North Face, Mountain Hardwear, Black Diamond Equipment, Marmot Mountain, and Amer Sports are the major suppliers in the global trekking and hiking market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global trekking and hiking market by product and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Trekking and Hiking Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global trekking and hiking market by product and region, as follows:
Trekking and Hiking Market by Product [Value ($M) Shipment Analysis from 2017 to 2028]:
Clothes
Footwear
Backpack
Equipment
Others
Trekking and Hiking Market by Region [Value ($M) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at
helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global
Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis,
Growth Consulting, M&A, and
Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit
www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the trekking and hiking market by product (clothes, footwear, backpack, equipment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?