Outdoor Shoes Market Size, Share, Growth, and Industry Growth by Type (Rock Climbing Shoes, Approach Shoes, Hiking Boots, Trail Running Shoes and Other) By Application (Hiking, Trail Running, Climbing and Other) and Regional Forecast From 2024 To 2031

Updated On: 15 April 2024

Outdoor Shoes Market Report Overview

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The global outdoor shoes market size expanded rapidly in 2021. As per our research, the market is expected to generate substantial revenue by 2031, exhibiting a high CAGR during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the outdoor shoes market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.   

A style of footwear known as an outdoor shoe is made for outdoor activities including hiking, trail running, climbing, and others. It provides improved comfort and grip for a variety of outdoor sports. Shoes made exclusively for rock climbing are known as rock climbing shoes. Typically, they are constructed with a rubber sole and a leather or synthetic material upper. The fit is the most crucial consideration when selecting rock climbing footwear. Shoes for climbing should fit snugly, but not too snugly. They should be snug enough to prevent slipping off while you are climbing while also being comfortable enough to wear for extended durations.

COVID-19 Impact: A Different Set of Laws and Regulations to Support the Market Growth

Covid-19 impacted the Outdoor shoe sales have decreased as a result of major sporting events being postponed or cancelled. Lockdown caused havoc for the market for trail running shoes because of strict limits on travel and running. The broken supply chain makes it impossible to maintain the existing stock levels as well. Production has ceased as a result of a staffing shortage. The market for outdoor shoes was halted as numerous large manufacturing facilities converted their sales into the production of masks and sanitizers. 

LATEST TRENDS

"Launches of New Products to Expand the Market Growth"

The introduction of new items with enhanced capabilities increases the product's overall functionality. The major market participants are collaborating and merging their businesses to grow them. Their main priority is brand loyalty, and they are employing it as a workable methodology while also reacting to evolving client wants to increase their global reach. They are introducing items with appealing features so that customers can get used to them quickly. Outdoor shoes now have thriving markets thanks to ongoing R&D, investments in technology and innovation, product standardization, and the introduction of product variants.

Outdoor Shoes Market Segmentation

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• By Type Analysis

By type, the outdoor shoes market is segmented into rock climbing shoes, approach shoes, hiking boots, trail running shoes and other.  

The rock climbing shoes segment will dominate the outdoor shoes market in the coming years.

• By Application Analysis

Based on applications, the outdoor shoes market hiking, trail running, climbing and other.  

The hiking segment will lead the global share through 2031.

DRIVING FACTORS

"Increased Footwear Purchases Through Internet Platforms Will Drive Market Expansion "

Human nature dictates that as consumer discretionary personal income rises, they will want to raise their standard of living and buy goods other than basics, such as high-end and mid-range quality shoes, whose costs will rise immediately. The shoe industry and the internet world are intimately entwined. Customers can now buy their preferred shoes on the most common platform thanks to digital platforms and digital marketing techniques. Customers are more focused on the internet platform where they can view a variety of products with a single click on their fingers, regardless of where they are stationed, as more businesses sell their products online via their own websites or collaborate with other E-commerce businesses.  

"Increased Sporting Events and People's Participation in Physical Activity will Accelerate Market Growth "

Regardless of the sports and activities an athlete participates in, shoes are always the most crucial piece of equipment. High-quality shoes are required for athletes participating in sports like basketball, football, running, cycling, and cricket in order to increase comfort, improve performance, and most importantly, prevent injuries. Sports and vigorous exercise can place a tonne of strain on the feet, ankles, and legs. For instance, compared to the weight of our bodies on our legs, jumping and sprinting can produce three to five times more power. Athletes are less likely to sustain injuries because to the innovative technologies used in the shoes that companies like Nike, Adidas, and Puma specifically make for a variety of activities and sports. 

RESTRAINING FACTORS

"Price Swings and a Lack of Raw Materials will Limit Market Expansion  "

Crude oil is the primary source of synthetic rubber and fibers, therefore as consumer demand grows, crude oil prices are growing steadily. This raises the cost of footwear raw materials. Worse yet, the supply chain for both completed goods and raw materials is now distrusted due to the ongoing war. Due to increased demand for crude oil, widespread flooding, and power disruptions brought on by prolonged periods of heavy rain in oil-producing regions, crude oil prices are rising.  

Outdoor Shoes Market Regional Insights

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"Asia-Pacific to Grow at the Highest Outdoor Shoes Market Share During the Forecast Period "

Due to the rapidly expanding footwear industries throughout the region, Asia-Pacific is predicted to lead the outdoor shoe market. In the Asia-Pacific market, sandals and flip-flops are the most popular types of footwear.

Sports like basketball, volleyball, cricket, hockey, and golf are among the outdoor activities that individuals who participate in wear athletic shoes for. Other outdoor activities include walking, running, and working out at the gym. The need from professional athletes for comfortable, lightweight, and stylish sports shoes for use on muddy, soft, and uneven terrain is fueling the expansion of the outdoor shoes market. The primary driver propelling the expansion of outdoor shoes globally is the rising participation and propensity of people towards everyday physical activities like jogging, working out, and cycling. 

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 in 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 portfolio. 

List of Market Players Profiled

• Scarpa (Italy)
• Lowa (U.S.)
• Danner (U.S.)
• Salomon (France)
• Merrell (U.S.)
• Zamberlan (U.S.)
• Asolo (Italy)
• Garmont (Italy) 
• Keen (U.S.)
• Ecco (Europe)
• Hinature (Canada)
• Meindl (Germany)
• Trezeta (Italy)
• Aku (Pakistan)
• TOREAD (China)
• Columbia (U.S.)
• Camel (China)
• Arc'teryx (Canada)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services, or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes several other factors that have contributed to recent outdoor shoes market growth in some regions.