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Global Hiking Footwear Market: By Design Style: Low Cut, Mid Cut, High Cut; By Distribution Channel: Offline Retail Stores, Online Retail Stores; By End User: Men, Women, Kids; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Hiking Footwear Market Outlook
The global hiking footwear market reached a value of about USD 18.7 billion in 2021. The market is further estimated to grow at a CAGR of 3.30% in the forecast period of 2022-2027 to reach a value of around USD 22.9 billion by 2027.
Expanding Sales of Hiking Footwear in Online Retail Stores to Propel the Market Growth of Hiking Footwear
Based on distribution channel, online retail stores segment is expected to witness a significant growth in the market of hiking footwear over the forecast period. The increasing sales of hiking footwear in these channels can be attributed to the rising purchasing power and the growing importance of recreational activities in one’s life to reduce stress and boost mental health. The expanding e-commerce and various online platforms are also accelerating the market development of hiking footwear. The growing inclination of people towards nature and the increasing number of people taking part in hiking activities is providing impetus to the market growth of hiking footwear through online retail stores. The rising adoption of marketing strategies by the branded industry players in promoting their quality hiking footwear is resulting in the market expansion of hiking footwear.
Market Segmentation
Hiking footwear, also known as hiking boots, is developed to protect the feet and ankles from injury during activities like hiking. It offers comfort and support to the wearer while walking over rough terrains. The different types of hiking footwear include trail hikers, trail shoes, and hiking boots.
The market for hiking footwear, by design style, is divided into:
- Low Cut
- Mid Cut
- High Cut
Based on distribution channel, the market is segmented into:
- Offline Retail Stores
- Online Retail Stores
On the basis of end user, the market is classified into:
- Men
- Women
- Kids
The regional markets for hiking footwear can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Rising Popularity of Hiking to Drive the Market Growth of Hiking Footwear
The growing popularity of hiking as a recreational activity that offers many health benefits like improved cardiorespiratory fitness, reduced blood pressure, and lowered risk of heart disease, are contributing to the market expansion of hiking footwear. The availability of different types of hiking footwear, such as trail runners, trail shoes, light hiking boots, heavy hiking boots and their importance in enabling a smooth hiking experience and reducing the risk of an ankle injury, is leading to the steady market growth of hiking footwear. The exceptional characteristics of hiking footwear, such as extended durability, lightweight, and flexibility, are significantly catalysing the market development of hiking footwear. The government initiatives towards promoting sustainable tourism and physical activities among people are also playing a critical role in the market growth of hiking footwear. The initiatives taken by the market players in designing new products of superior quality that meet the customer expectations are anticipated to stimulate the market for hiking footwear over the forecast period.
Key Players in the Global Hiking Footwear Market
The report gives a detailed analysis of the following key players in the global hiking footwear market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Mizuno Corporation
- New Balance, Inc.
- Amer Sports Corporation
- PUMA SE
- Wolverine World Wide, Inc.
- NIKE, Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2021 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Design Style |
|
| Breakup by Distribution Channel |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Price Analysis |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Hiking Footwear Market Analysis
8.1 Key Industry Highlights
8.2 Global Hiking Footwear Historical Market (2017-2021)
8.3 Global Hiking Footwear Market Forecast (2022-2027)
8.4 Global Hiking Footwear Market by Design Style
8.4.1 Low Cut
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Mid Cut
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 High Cut
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.5 Global Hiking Footwear Market by Distribution Channel
8.5.1 Offline Retail Stores
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Online Retail Stores
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.6 Global Hiking Footwear Market by End User
8.6.1 Men
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Women
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Kids
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.7 Global Hiking Footwear Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Mizuno Corporation
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 New Balance, Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Amer Sports Corporation
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 PUMA SE
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Wolverine World Wide, Inc.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 NIKE, Inc.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Hiking Footwear Market: Key Industry Highlights, 2017 and 2027
2. Global Hiking Footwear Historical Market: Breakup by Design Style (USD Billion), 2017-2021
3. Global Hiking Footwear Market Forecast: Breakup by Design Style (USD Billion), 2022-2027
4. Global Hiking Footwear Historical Market: Breakup by Distribution Channel (USD Billion), 2017-2021
5. Global Hiking Footwear Market Forecast: Breakup by Distribution Channel (USD Billion), 2022-2027
6. Global Hiking Footwear Historical Market: Breakup by End User (USD Billion), 2017-2021
7. Global Hiking Footwear Market Forecast: Breakup by End User (USD Billion), 2022-2027
8. Global Hiking Footwear Historical Market: Breakup by Region (USD Billion), 2017-2021
9. Global Hiking Footwear Market Forecast: Breakup by Region (USD Billion), 2022-2027
10. North America Hiking Footwear Historical Market: Breakup by Country (USD Billion), 2017-2021
11. North America Hiking Footwear Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Europe Hiking Footwear Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Europe Hiking Footwear Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Asia Pacific Hiking Footwear Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Asia Pacific Hiking Footwear Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Latin America Hiking Footwear Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Latin America Hiking Footwear Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Middle East and Africa Hiking Footwear Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Middle East and Africa Hiking Footwear Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Global Hiking Footwear Market Structure
Key Questions Answered in the Report
In 2021, the global hiking footwear market attained a value of nearly USD 18.7 billion.
The market is assessed to grow at a CAGR of 3.30% between 2022 and 2027.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach almost USD 22.9 billion by 2027.
The major market drivers include the health benefits of hiking, availability of different types of hiking footwear, increasing sales through online retail stores, and exceptional characteristics of hiking footwears that enables a smooth hiking experience.
The key market trends include the rising popularity of hiking as a recreational activity, government initiatives towards promoting hiking, and initiatives by market players in developing superior quality hiking footwear.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant design styles of hiking footwear include low cut, mid cut, and high cut.
The different distribution channels of the market include offline retail stores and online retail stores.
The major end uses of the market include men, women, and kids.
The major players in the market are Mizuno Corporation, New Balance, Inc., Amer Sports Corporation, PUMA SE, Wolverine World Wide, Inc., and NIKE, Inc., among others.
Analyst Review
The global hiking footwear market attained a value of nearly USD 18.7 billion in 2021, driven by the growing popularity of hiking and exceptional characteristics of hiking footwears that enables a smooth hiking experience. Aided by the new product launches by market players, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 3.30%. The market is estimated to reach about USD 22.9 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market for hiking footwear, by design style, is divided into low cut, mid cut, and high cut. Based on distribution channel, the market is segmented into offline retail stores and online retail stores. On the basis of end user, the market is classified into men, women, and kids. The major regional markets for hiking footwear are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Mizuno Corporation, New Balance, Inc., Amer Sports Corporation, PUMA SE, Wolverine World Wide, Inc., and NIKE, Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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