Hiking Accessories Market Expected to Reach $49.8 billion by 2032 – Allied Market Research

Developments in materials and technology have led to the development of lighter, durable hiking accessories that are more sophisticated. This includes the development of new technologies for textiles, portable water filtration systems, GPS devices, and other innovative products intended to improve the experience of the consumer on the trail.

Portland, OR, March 04, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled,Hiking Accessories Market by Type (Camping Gear, Apparel, Footwear, Backpacks, and Others), End User (Men, Women, and Kids), and Distribution Channel (Online and Offline): Global Opportunity Analysis and Industry Forecast, 2023–2032″. According to the report, the global hiking accessories market size was valued at $26.5 billion in 2022, and is projected to reach $49.8 billion by 2032, growing at a CAGR of 6.7% from 2023 to 2032. 

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Prime determinants of growth 

The growing interest in outdoor activities is driving the growth of the hiking accessories market. However, the growth of the hiking accessories market is restricted by weather conditions. On the other hand, expansion into emerging markets presents remunerative opportunities for the expansion of hiking accessories during the forecast period. 

Report coverage & details: 

 
 
 
 
Report Coverage 
 
 
 Details 
 
 
 
Forecast Period 
 
 
2023–2032 
 
 
 
Base Year 
 
 
2022 
 
 
 Market Size In 2022 
 
 $26.5 billion 
 
 Market Size In 2032 
 
 
 $49.8 billion 
 
 
 CAGR 
 
 6.7% 
 
 No. Of Pages In Report 
 
 
 250 
 
 
Segments Covered 
 
Type, End User, And Distribution Channel 
 
 
 
 Drivers 

  • Growing Interest In Outdoor Activities 
  • Innovations In Material And Technology 
  • Rise In Adventure Tourism 
 
 Opportunities 
 

  • Customization And Personalization 
  • Expansion Into Emerging Markets 
 Restraints   

  • Economic Factors 
  • Weather Conditions 

Procure Complete Report (250 Pages PDF with Insights, Charts, Tables, and Figures): https://bit.ly/3wAGd33  

The camping gear segment to maintain its leadership status throughout the forecast period 

By type, the camping gear segment held the highest market share in 2022, accounting for two-fifths of the hiking accessories market revenue and is estimated to maintain its leadership status throughout the forecast period. The rise of eco-friendly and sustainable products has led to an increased demand for environmentally conscious gear, promoting the use of recycled materials and ethical manufacturing processes. The backpacks segment, however, showcases the fastest CAGR of 7.6% during the forecast period. An increase in outdoor activities and an increasing number of health-conscious consumers are driving a boom in demand for hiking supplies, especially backpacks. 

The men segment to maintain its leadership status throughout the forecast period 

By end user, the men segment held the highest market share in 2022, accounting for nearly half of the hiking accessories market share and is estimated to maintain its leadership status throughout the forecast period. A growing interest in outdoor activities for fitness, mental well-being, and social engagement is a growth factor for male users. The women segment, however, showcases the fastest CAGR of 7.0% during the forecast period. The market for hiking accessories for women as end users is growing significantly, driven by the increasing trend of women participating in outdoor activities. 

The offline segment to maintain its leadership status throughout the forecast period 

By distribution channel, the offline segment held the highest market share in 2022, accounting for more than two-thirds of the hiking accessories market revenue and is estimated to maintain its leadership status throughout the forecast period. The demand for hiking accessories is being driven by the increased popularity of outdoor sports and a growing number of people who are concerned about their health. The online segment, however, showcases the fastest CAGR of 7.3% during the forecast period. The hiking accessories market is experiencing rapid growth in online distribution channels due to convenient shopping and consumer preference for a variety of products. 

Want to Access the Statistical Data and Graphs, Key Players’ Strategies: https://www.alliedmarketresearch.com/purchase-enquiry/5763  

Leading Market Players: – 

  • The North Face 
  • Patagonia 
  • Columbia Sportswear 
  • Arc’teryx 
  • REI (Recreational Equipment, Inc.) 
  • Black Diamond Equipment 
  • Osprey Packs 
  • Salomon 
  • Merrell 
  • Mountain Hardwear 

The report provides a detailed analysis of these key players in the hiking accessories market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

Similar Reports We Have on Consumer Goods Industry: 

• Hiking Equipment Market Opportunity Analysis and Industry Forecast, 2023-2032 
• Hiking Boots Market Opportunity Analysis and Industry Forecast, 2023-2032 
• Hiking Pants Market Opportunity Analysis and Industry Forecast, 2023-2032 
• Hiking Sandals Market Opportunity Analysis and Industry Forecast, 2023-2032 
• Hiking Gear Market Opportunity Analysis and Industry Forecast, 2023-2032 
 
 About Us: 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. 
 

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