Hiking & Trail Footwear Market Size, Share, Growth, And Industry Analysis By Type (Hiking Footwear, Trail Footwear, and Hiking & Trail Footwear) By Application (Men, Women, and Kids), Regional Insights, and Forecast From 2024 To 2031

Hiking & Trail Footwear Market Report Overview

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The global hiking & trail footwear market size was USD 12830 million in 2022 and is expected to reach USD 23582.08 million in 2031, exhibiting a CAGR of 7.0% during the forecast period.

Hiking boots are created specifically to help safeguard the ankles and feet while moving across unforgiving terrain. Additionally, it offers an excellent grip and is lightweight enough to move easily. The need for items is growing as more individuals participate in adventure activities like mountain biking, rock climbing, cave exploration, and others, which protect the feet from falling objects and slick terrain.

Furthermore, as it normally takes many hours of walking to investigate these areas, ancient monuments and archaeological sites that are seeing an increase in visitors also help the product gain traction. The usage of products is also elevated by the growing number of researchers who study forests and wildlife because it gives them a great grip and shields them from insects, pathogens, and debris that could hurt their feet.

COVID-19 Impact: COVID-19 Pandemic Limits The Market Growth And Expansion

The global COVID-19 pandemic has been unprecedented and staggering, with Hiking & Trail Footwear Market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

APAC's hiking and trail footwear market had certain difficulties in 2020 as a result of the COVID-19 pandemic. Nevertheless, the region's COVID-19 instances decreased as a result of the introduction of vaccines. As a result, the lockdown limitations have been lifted and tourism has resumed. As a result of these elements, it is anticipated that demand for hiking and trail footwear would rise in the future year and considerably contribute to the market's growth throughout the course of the forecast year.

Latest Trends

"Increasing Acceptance Of Green Footwear To Promote Market Development "

The market for hiking and trail shoes is expected to expand due to the growing popularity of eco-friendly footwear. Due to the growing consumer trend toward eco-friendly products and reducing carbon footprints, several vendors are concentrating on the development and promotion of eco-friendly hiking and trail running footwear. For instance, eco-friendly lightweight hiking boots are available from La Sportiva S.p.A. and Adidas AG.

Hiking & Trail Footwear Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Hiking Footwear, Trail Footwear, and Hiking & Trail Footwear. Hiking Footwear will be the leading segment during the forecast period.

• By Application Analysis

Based on application, the market can be divided into Men, Women, and Kids. Men will anticipate having the dominant market share.

Driving Factors

"Increasing Hiking Footwear Sales in Online Retail Stores to Drive Hiking Footwear Market Growth"

The hiking footwear market is anticipated to have considerable expansion in the online retail stores segment over the course of the forecast period. The rising purchasing power and the growing significance of recreational activities in one's life to relieve stress and improve mental health can be related to the rising sales of hiking footwear through these channels. The growth of the hiking footwear industry is also being accelerated by the rising e-commerce and numerous online platforms. The market expansion of hiking footwear through online retail outlets is being fueled by people's growing appreciation of nature and the rise in the number of individuals participating in hiking activities.The market for hiking footwear is growing as a result of the branded industry players' increasing use of marketing strategies to promote their high-quality hiking boots.

"Growing Interest in Hiking Will Boost the Market for Hiking Shoes"

The growing acceptance of hiking as a leisure activity with numerous health advantages, such as increased cardiorespiratory fitness. The market growth of hiking footwear is being attributed to decreased blood pressure and a lower risk of heart disease. The market for hiking footwear is steadily expanding due to the availability of various types of hiking footwear, including trail runners, trail shoes, light hiking boots, and heavy hiking boots, as well as their importance in facilitating a comfortable hiking experience and lowering the risk of an ankle injury. The market growth of hiking footwear is being greatly accelerated by its unique qualities, such as extended durability, lightweight design, and flexibility. The growth of the hiking footwear market is also being significantly influenced by government programmes to encourage environmentally friendly travel and physical activity among the populace. Over the course of the projection period, it is predicted that the market for hiking footwear will be stimulated by market participants' initiatives to design new items of exceptional quality that fulfill consumer expectations.

Restraining Factors

"Availability Of Substitute Products Serves As A Barrier To The Market's Expansion"

The market's expansion is constrained by the growing popularity of substitute goods for hiking, including ordinary boots, running shoes, and other items. In addition, the high cost of several high-end footwear for trail and hiking purposes could limit product demand. However, manufacturers are focusing on designing new innovative shoes and marketing them at low cost. These factors are anticipated to bolster the market outlook in the future.

Hiking & Trail Footwear Market Regional Insights

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"Europe Is Anticipated To Be The Leading Region During Forecast Period"

Due to the higher acceptance and penetration of hiking footwear compared to that in other areas, Europe is predicted to be a very appealing region of the hiking footwear market over the forecast period. Compared to those in the Americas, Europeans are more likely to go hiking. During the projected period, North America is anticipated to be the second-largest market, behind Asia Pacific.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

LIST OF TOP HIKING & TRAIL FOOTWEAR COMPANIES

• Brooks (U.S.)
• Salomon (France)
• Asics (Japan)
• New Balance (U.S.)
• Saucony (U.S.)
• The North Face (U.S.)
• Deckers (U.S.)
• Montrail (U.S.)
• LOWA (Germany)
• Tecnica (Italy)
• Adidas (Germany)
• Nike (U.S.)
• Vasque (U.S.)
• Scarpa (Italy)
• La Sportiva (Italy)
• Pearl Izumi (U.S.)
• Under Armour (U.S.)
• Mizuno (Japan)
• Puma (Germany)
• Zamberlan (Italy)
• Topo Athletic (U.K.)
• Keen (U.S.)
• Hanwag (Germany)
• Altra (U.S.)
• Merrell (U.S.)
• Garmont (Italy)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.