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 is projected to grow at a CAGR of 3.30% between 2024 and 2032. Aided by the burgeoning interest in outdoor activities and the increasing emphasis on specialised footwear for hiking, the market is expected to grow significantly by 2032.
Hiking footwear encompasses a range of shoes and boots designed specifically for outdoor walking and trekking activities. These products are distinguished by their enhanced features for outdoor terrain, including water resistance, ankle support, and rugged soles for improved grip and stability.
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The primary catalyst driving the hiking footwear market growth is the increasing popularity of outdoor activities such as hiking, trekking, and trail running. As more individuals engage in outdoor recreation for health and leisure, the demand for specialised hiking footwear has escalated.
In addition, advancements in footwear technology, such as lightweight materials, waterproofing, and improved sole design, have made hiking footwear more appealing and functional. This technological evolution has significantly contributed to the expansion of the market.
Innovation in design and materials is a critical component influencing the hiking footwear market outlook. Manufacturers are continually exploring new materials and technologies to enhance comfort, durability, and environmental sustainability. The market is witnessing a trend towards eco-friendly materials, such as recycled plastics and sustainable rubber, in response to growing environmental consciousness among consumers.
Consumer preferences for versatile, stylish, and functional footwear have shaped the market. Today’s consumers seek products that can transition seamlessly from outdoor activities to casual wear, driving manufacturers to design hiking footwear with a blend of functionality and aesthetic appeal.
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Moreover, the growing trend of fitness and wellness lifestyles has positioned hiking as a popular activity, further boosting the hiking footwear market demand. The emphasis on health and outdoor activities, especially post-pandemic, has played a significant role in market growth.
North America and Europe dominate the market, attributed to their strong outdoor culture and the presence of leading hiking footwear brands. The Asia Pacific region, particularly countries like China and India, is also witnessing significant growth due to the increasing interest in outdoor activities and rising disposable incomes.
Looking ahead, the hiking footwear market is poised for continued growth. The increasing popularity of outdoor activities, coupled with rising health consciousness and technological advancements in footwear, are expected to drive the market forward.
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 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
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