Hiking Gear & Equipment

Global Hiking Gear & Equipment Market to Reach US$7.0 Billion by 2030

The global market for Hiking Gear & Equipment estimated at US$5.5 Billion in the year 2023, is expected to reach US$7.0 Billion by 2030, growing at a CAGR of 3.6% over the analysis period 2023-2030. Apparel, one of the segments analyzed in the report, is expected to record a 3.8% CAGR and reach US$3.5 Billion by the end of the analysis period. Growth in the Footwear segment is estimated at 3.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.5 Billion While China is Forecast to Grow at 6.2% CAGR

The Hiking Gear & Equipment market in the U.S. is estimated at US$1.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 6.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.8% and 4.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.

Global Hiking Gear & Equipment Market - Key Trends and Drivers Summarized

Why Is Hiking Gear & Equipment Essential for Outdoor Enthusiasts?

Hiking gear and equipment are essential for outdoor enthusiasts seeking to safely and comfortably explore natural landscapes. From backpacks and tents to navigation tools and protective clothing, this equipment ensures that hikers are well-prepared to face diverse terrains and weather conditions. With the rising popularity of outdoor activities and adventure tourism, the demand for high-quality, durable, and lightweight hiking gear has surged. Whether for day hikes or multi-day treks, hiking gear enhances safety, convenience, and overall enjoyment, enabling people to explore the wilderness more confidently. The market is expanding to include specialized products tailored to specific environments and individual preferences, contributing to the growth of the outdoor recreation industry.

How Are Technological Innovations Shaping the Hiking Gear & Equipment Market?

The hiking gear and equipment market has evolved significantly with advancements in material science and product design. Lightweight, durable materials such as Gore-Tex and ripstop nylon are commonly used in outdoor apparel and gear to provide superior protection from the elements while minimizing weight. Innovative features like moisture-wicking fabrics, temperature-regulating insulation, and waterproof zippers enhance the comfort and functionality of hiking equipment. Additionally, innovations in hiking footwear, such as 3D-printed soles and ergonomic designs, improve traction and reduce fatigue during long hikes. GPS-enabled devices, satellite communication tools, and solar-powered chargers have also become essential for modern hikers, offering navigation and safety features that were previously unavailable.

How Do Market Segments Define the Growth of the Hiking Gear & Equipment Market?

Product types include backpacks, tents, sleeping bags, footwear, clothing, and accessories such as trekking poles and hydration systems. Footwear and clothing are the largest segments, as they are critical for ensuring comfort and protection in various outdoor conditions. Materials such as lightweight synthetics, high-performance insulation, and waterproof fabrics are increasingly in demand as hikers seek gear that balances durability with weight. The market is also segmented by distribution channel, including online retailers, specialty outdoor stores, and mass merchants. Online sales are growing rapidly, driven by the convenience of e-commerce platforms and the availability of a wide range of products.

What Factors Are Driving the Growth in the Hiking Gear & Equipment Market?

The growth in the hiking gear and equipment market is driven by several factors, including increasing interest in outdoor activities, innovations in product design and materials, and the growing focus on sustainability. The rise of adventure tourism and eco-tourism has led more people to participate in hiking and trekking, boosting demand for high-quality outdoor gear. Technological innovations in lightweight materials, ergonomic designs, and weather-resistant products have enhanced the overall hiking experience, encouraging more consumers to invest in premium gear. Furthermore, the growing emphasis on sustainability has led manufacturers to develop eco-friendly hiking gear, using recycled materials and environmentally responsible production processes, which is attracting environmentally conscious consumers and driving market growth.

Select Competitors (Total 36 Featured) -

• Amer Sports
• AMG-Group
• Black Diamond Equipment, Ltd.
• Camping Equipment Company
• Equinox Ltd.
• Exxel Outdoors
• Marmot Mountain LLC
• mont-bell Co., Ltd.
• Mountain Hardwear
• Newell Brands
• North Face
• Recreational Equipment Inc,
• Sierra Designs
• TATONKA
• VF Corp.

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