Global Hiking Footwear Market Forecast, Trend Analysis And Competition Tracking - Global Market insights 2015 to 2031

Hiking Footwear Market Introduction

Hiking refers to the act of walking on trails, often through hilly terrain. It is a leisure activity undertaken for exercise or pleasure, an outdoor activity pursued by many people worldwide. Hiking relies heavily on simple tools such as rocks, sticks, and ropes to deal with difficult terrain. Hiking products are outdoor products for hiking, backpacking, camping, hunting, fishing, or other outdoor activities. These include tents, sleeping bags, backpacks, stoves and cooking supplies.

Hiking footwear is a term that encompasses the different types of shoes and boots that people use for various types of outdoor adventures. Several people undergo survey and reviews while choosing hiking footwear that will help to provide comfort and support, and also to choose appropriate shoes for the environment they are to be used in.

Hiking footwear is specially designed to help hikers navigate through rough terrains such as uneven ground, rocks, and mud without making too much noise. This footwear is made of a rubber material that provides traction and stability on all surfaces. Additionally, hiking footwear tends to have waterproof materials that protect feet against wet or dirty terrain. Hiking shoes are specialized footwear designed to withstand the rigors of backcountry hiking. They can be either waterproof or weatherproof, with a sturdy sole to grip rough terrain. The "hiking shoe" style is characterized by a low heel, wider toe box, and cushioned heel for shock absorption.

Global Hiking Footwear Market Revenue Outlook:

Global Hiking Footwear Market was estimated to be valued at US$ XX Mn in 2020 and is projected to approximately register а САGR of XX% by 2031.

Increasing demand for Hiking Footwears trend in the beauty industry

As hiking has become increasingly popular, so have new innovations in equipment. The demand for hiking products has been rising due to things like the increasingly popular "adventure seeker" population. This group is starting to get out into nature more often, fueling the hiking industry. Many new gear companies specifically target this demographic, and it's also becoming increasingly common for existing brands to release new outdoor-focused collections.

Overall Impact of COVID-19 Pandemic

COVID-19 has caused damage to many businesses around the world. The pandemic has affected every company and also has an impact on the sales of high-top hiking shoes. Similarly, because the gap in supply and demand inhibited business expansion, the manufacturing industry shrank.

Among the five activity sections measured (team, fitness, outdoor, individual, and racket), outdoor was the least affected due to the closure of COVID, because only 34% of the respondents stated that they could not participate in the outdoor due to the restrictions of the pandemic Activity. Team sports suffered the most, close to 68%, followed by rackets, reaching 53%.

In the US, although there are more hiking records and hiking records in 2020 than ever before, during the initial period of the lockdown (April 2020), hiking behavior has changed significantly. When comparing April 2020 with April 2018 and April 2019, hiking actually declined. The average monthly hiking time has been reduced by 11.9%, and the monthly calories burned has been reduced by 8.7%. Hiking has also become easier, as the average monthly elevation increase in April 2020 has dropped by 22.4%. But the strange thing is that people seem to move faster in April 2020, whether it is to save time or for other motivations, the average moving speed is actually 8.4% faster in April 2020 than in April 2019.

Opportunity for Global Hiking Footwear Market

There is a high demand for hiking products in North America and European markets. The industry has a low entry barrier, making it possible for smaller companies to enter the market. There are many opportunities in this field to develop new technologies and innovations that make it easy for small companies to advance their product lines. The industry is also experiencing a boom in social media marketing, so it seems like there is no end of opportunity for this industry.

The outdoor products industry has experienced immense growth in recent years, with more and more people seeking out the opportunity to explore their surroundings. Opportunities for the hiking products industry are high as the demand for outdoor equipment grows alongside increased interest in outdoor sports activities such as hiking. Manufacturers must meet these growing demands by innovating new products and techniques while simultaneously investing in the research and development of next-generation technologies.

Regional Analysis

The North American region is considered as the largest consumer of hiking boots. As there are large number of mountainous regions, and many hikers in these areas choose high-quality leather hiking boots as their preferred footwear. Also, because the average temperature in North America is colder than in other climates, people living in these regions often need warmer and more durable footwear for outdoor activities than others living in warmer climates.

Competitive Landscape

The Global Hiking Footwear Market landscape appears highly consolidated, with a major chunk of it being dominated by below players.

• Skechers USA, Inc.
• New Balance, Inc.
• VF Corporation
• Deckers Outdoor Corporation
• Wolverine World Wide, Inc.
• Amer Sports Corporation
• Under Armour, Inc.
• Adidas AG
• NIKE, Inc.
• Mizuno Corporation
• PUMA SE
• Other Key Industry Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Segments Covered

Global Hiking Footwear Market, By Product Type

• Trail Shoes
• Hiking Shoes
• Hiking Boots
• Mountaineering Boots
• Approach Shoes

Global Hiking Footwear Market, By End-Use     

• Men
• Women

Global Hiking Footwear Market, By Distribution Channel

• Multi-brand Stores
• Specialty Stores
• Online Stores
• Other Distribution Channels