The market for hiking gear and equipment market was estimated to be worth USD 5.4 billion in 2024 and is expected to increase at a compound annual growth rate (CAGR) of 14.2% to reach USD 12.6 billion by 2034. The market for hiking gear and equipment offers a large selection of goods to satisfy the various demands and tastes of campers, hikers, and other users. Essentials including backpacks, hiking poles, boots, layers of clothing, tents, sleeping bags, emergency supplies, and navigation instruments are all available at the market.

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GROWTH DRIVERS

The market for hiking clothing and equipment is growing as a result of increased tourism and travel to various locations, including outdoor activities like hiking, trekking, and camping. The demand for multi-day hiking or treks will rise in tandem with the demand for dependable, long-lasting hiking gear as more tourists look for chances for adventure, exploration, and a closer relationship with nature.

The desire to share hiking experiences and to use influencer marketing to advocate hiking clothing and equipment has been greatly fueled by social media, which has also helped manufacturers increase sales. The market is growing because of the emphasis on health and wellness trends, which have been linked to stress reduction, physical and mental well-being, and a desire to connect with nature as a result of modern lifestyles.

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.

Global Key Players:

·         Marmot

·         Black Diamond

·         The North Face

·         Columbia

·         Black Yak

·         Mountain Hardwear

·         Nextorch

·         Decathlon

·         Sierra Designs

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