On Solid Ground: Key Drivers and Innovations in the Global Hiking Footwear Market (2024-2032)

Global Hiking Footwear Market outlook

According to a new report by Expert Market Research titled "Global Hiking Footwear Market Size, Share, Analysis, Report, Demand, Forecast 2024-2032″, the global hiking footwear market size reached a value of USD 19.95 billion in 2023. Aided by the increasing popularity of outdoor activities, the rising awareness of the health benefits associated with hiking, and the growing trend of adventure tourism, the market is projected to further grow at a CAGR of 3.40% between 2024 and 2032 to reach a value of USD 26.94 billion by 2032.

Hiking footwear includes a range of products such as hiking boots, trail shoes, and mountaineering boots, designed to provide comfort, durability, and protection in various terrains. These shoes are equipped with features like water resistance, breathability, and enhanced grip to cater to the needs of hikers and outdoor enthusiasts. They provide comfort and stability for the wearer when traversing rugged terrains.

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One of the major key drivers of the hiking footwear market is the growing inclination towards outdoor recreational activities. With the increasing emphasis on physical fitness and well-being, more people are engaging in hiking as a form of exercise and leisure. This trend is further bolstered by the rising popularity of adventure tourism, where travellers seek out natural landscapes and outdoor experiences, thereby driving the demand for hiking footwear.

Additionally, the advancements in footwear technology and materials have led to the development of lightweight, comfortable, and durable hiking shoes, attracting a wider consumer base. The integration of innovative features such as waterproofing, improved traction, and ankle support has enhanced the functionality of hiking footwear, making it more appealing to consumers, consequently driving up the hiking footwear market share.

Furthermore, the rising environmental concerns and the demand for sustainable products have led to a shift towards eco-friendly materials and production processes in the hiking footwear industry. This presents an opportunity for companies to tap into the growing segment of environmentally conscious consumers by offering sustainable and ethically produced footwear.

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The online retail stores segment is projected to experience significant growth in the market. The surge in sales of hiking footwear through these channels can be linked to the increasing purchasing power and the rising significance of recreational activities in reducing stress and enhancing mental well-being. The hiking footwear market development is further accelerated by the expanding e-commerce sector and various online platforms. The market growth of hiking footwear through online retail stores is being driven by the growing interest in nature and the rising number of individuals engaging in hiking activities. Additionally, the market expansion of hiking footwear is fuelled by the branded key players' increasing adoption of marketing strategies to promote their high-quality products.

North America significantly contributes to the global hiking footwear market demand, driven by the high popularity of outdoor activities and adventure sports in the region, particularly in the United States and Canada. The presence of diverse terrains and national parks encourages hiking and trekking activities, contributing to the demand for durable and comfortable hiking footwear. Furthermore, technological advancements and the introduction of innovative products, such as waterproof and lightweight hiking boots, are key factors driving market growth in this region.

Global Hiking Footwear Market Segmentation

The market can be divided based on design style, distribution channel, end user, and region

Market Breakup by Design Style

Low Cut
Mid Cut
High Cut

Market Breakup by Distribution Channel

Offline Retail Stores
Online Retail Stores

Market Breakup by End User

Men
Women
Kids

Market Breakup by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Competitive landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global hiking footwear market. Some of the major players explored in the report by expert market research are as follows:

Mizuno Corporation
New Balance, Inc.
Amer Sports Corporation
PUMA SE
Wolverine World Wide, Inc.
NIKE, Inc.
Others

Frequently Asked Questions on the Global Hiking Footwear Market

1. What become the marketplace size of the worldwide trekking footwear industry in 2023?

In 2023, the worldwide hiking shoes market was valued at approximately USD 19.95 billion.

2. What is the projected growth charge of the trekking shoes market?

The hiking shoes market is predicted to develop at a compound annual boom fee (CAGR) of 3.40% among 2024 and 2032.

3. What is the expected market cost of the worldwide hiking footwear enterprise with the aid of 2032?

By 2032, the worldwide hiking footwear marketplace is predicted to attain a fee of nearly USD 26.94 billion, showcasing good sized increase throughout the forecast period.

4. What are the number one drivers of the trekking shoes marketplace?

Key drivers of the marketplace include the fitness blessings associated with hiking, the availability of various forms of trekking footwear, growing income thru on line retail shops, and the remarkable characteristics of trekking shoes that enable a clean hiking enjoy.

5. What are the important thing trends in the international hiking shoes marketplace?

Significant tendencies in the marketplace encompass the rising recognition of hiking as a recreational pastime, government tasks selling hiking, and efforts by way of market players to increase advanced high-quality hiking footwear.

6. What are the important regional markets for hiking footwear, in keeping with the file?

The fundamental regional markets for hiking footwear encompass North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

7. What are the considerable design styles of trekking footwear?

The large layout sorts of hiking footwear encompass low reduce, mid cut, and high reduce.

8. What are the special distribution channels for trekking footwear?

Hiking footwear is shipped thru various channels, including offline retail stores and online retail stores.

9. Who are the important give up users of trekking shoes?

The foremost cease users of hiking footwear include guys, girls, and kids.

10. Who are the leading players within the international trekking footwear market, in keeping with the file?

Prominent players inside the global trekking footwear marketplace consist of Mizuno Corporation, New Balance, Inc., Amer Sports Corporation, PUMA SE, Wolverine World Wide, Inc., and NIKE, Inc., among others.

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