Dublin, Jan. 28, 2024 (GLOBE NEWSWIRE) -- The "Hiking Gear and Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global hiking gear and equipment market size reached US$ 6.4 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 9.1 Billion by 2028, exhibiting a growth rate (CAGR) of % d6.0uring 2022-2028. 
Significant growth in the number of individuals participating in recreational and sports activities on account of rapid urbanization, inflating disposable incomes and the increasing consumer preferences for healthy and adventurous lifestyles represents one of the significant factors stimulating the market growth. Moreover, governments of various countries are supporting vacation packages that include sports and physical activities. This, in confluence with the increasing trend of adventure tourism, is contributing to the market growth. Apart from this, the rising trend for athleisure, the growing influence of social media and the increasing popularity of catalog shopping are escalating the demand for hiking gear and equipment through e-commerce channels. Furthermore, leading players are adopting different digital marketing strategies to expand their consumer base. They are also focusing on the development of eco-friendly product variants with enhanced comfort and innovative designs.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global hiking gear and equipment market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, gender and distribution channel.
Breakup by Product:
- Clothes
- Footwear
- Backpack
- Equipment
- Others
Breakup by Gender:
- Men
- Women
- Kids
Breakup by Distribution Channel:
- Online
- Offline
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Amer Sports Oyj, AMG Group Ltd., Black Diamond Equipment, Ltd. (Clarus Corp.), Equinox Industries Ltd., Marmot Mountain LLC (Newell Brands), Montbell Co. Ltd., Mountain Hardwear (Columbia Sportswear), Sierra Designs, Tatonka GmbH and VF Corporation.
For more information about this report visit https://www.researchandmarkets.com/r/4fk1e2
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