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Trekking and Hiking Market Trends and Forecast

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.
Trekking and Hiking Market by Product and Region
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below. 
Trekking and Hiking Market by Segments

Trekking and Hiking Market by Segment

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

List of Trekking and Hiking Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies trekking and hiking companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the trekking and hiking companies profiled in this report include. 

Trekking and Hiking Market Insights

  • 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.

Features of the Trekking and Hiking Market

  • Market Size Estimates: Trekking and hiking market size estimation in terms of value ($M)
  • Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
  • Segmentation Analysis: Trekking and hiking market size by various segments, such as by product and region
  • Regional Analysis: Trekking and hiking market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different by product and regions for the trekking and hiking market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the trekking and hiking market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the trekking and hiking market size?
Answer: The global trekking and hiking market is expected to reach an estimated $182.9 million by 2028.
Q2. What is the growth forecast for trekking and hiking market?
Answer: The global trekking and hiking market is expected to grow with a CAGR of 6% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the trekking and hiking market?
Answer: The major drivers for this market are increasing awareness of consumer towards adopting healthy lifestyle, growing inclination towards fitness regime, and rising trend of outdoor activities across the globe.
Q4. What are the major segments for trekking and hiking market?
Answer: The future of the trekking and hiking market looks promising with opportunities in the clothes, footwear, backpack, and equipment markets.
Q5. Who are the key trekking and hiking companies?
Answer: Some of the key trekking and hiking companies are as follows:
  • The North Face
  • Mountain Hardwear
  • Black Diamond Equipment
  • Marmot Mountain
  • Amer Sports
Q6. In trekking and hiking market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region due to the growing number of people 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.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost. 

This report answers 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?

For any questions related to trekking and hiking market or related to trekking and hiking companies, trekking and hiking market size, trekking and hiking market share, trekking and hiking analysis, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
 
1. Executive Summary
 
2. Global Trekking and Hiking Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Trekking and Hiking Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Trekking and Hiking Market by Product 
3.3.1: Clothes
3.3.2: Footwear
3.3.3: Backpack
3.3.4: Equipment
3.3.5: Others
 
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
4.1: Global Trekking and Hiking Market by Region
4.2: North American Trekking and Hiking Market
4.2.1: North American Trekking and Hiking Market by Product: Clothes, Footwear, Backpack, Equipment, and Others
4.3: European Trekking and Hiking Market
4.3.1: European Trekking and Hiking Market by Product: Clothes, Footwear, Backpack, Equipment, and Others
4.4: APAC Trekking and Hiking Market 
4.4.1: APAC Trekking and Hiking Market by Product: Clothes, Footwear, Backpack, Equipment, and Others
4.5: ROW Trekking and Hiking Market 
4.5.1: ROW Trekking and Hiking Market by Product: Clothes, Footwear, Backpack, Equipment, and Others
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Trekking and Hiking Market by Product
6.1.2: Growth Opportunities for the Global Trekking and Hiking Market by Region
6.2: Emerging Trends in the Global Trekking and Hiking Market 
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Trekking and Hiking Market 
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Trekking and Hiking Market 
6.3.4: Certification and Licensing
 
7. Company Profiles of Leading Players
7.1: The North Face
7.2: Mountain Hardwear
7.3: Black Diamond Equipment
7.4: Marmot Mountain
7.5: Amer Sports
.

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Full Report: Trekking and Hiking Market: Trends, Opportunities and Competitive Analysis [2023-2028] Full Report $ 4,850
150 - page report
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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