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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 (2018-2028); 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 2023-2028 to reach a value of around USD 22.9 billion by 2027.
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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
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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
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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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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 |
|
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Hiking Footwear Market Analysis
8.1 Key Industry Highlights
8.2 Global Hiking Footwear Historical Market (2018-2022)
8.3 Global Hiking Footwear Market Forecast (2023-2028)
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 (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Mid Cut
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 High Cut
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Online Retail Stores
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Women
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Kids
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.7 Global Hiking Footwear Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Hiking Footwear Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Hiking Footwear Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Hiking Footwear Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Hiking Footwear Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Hiking Footwear Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Mizuno Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 New Balance, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Amer Sports Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 PUMA SE
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Wolverine World Wide, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 NIKE, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Hiking Footwear Market: Key Industry Highlights, 2018 and 2028
2. Global Hiking Footwear Historical Market: Breakup by Design Style (USD Billion), 2018-2022
3. Global Hiking Footwear Market Forecast: Breakup by Design Style (USD Billion), 2023-2028
4. Global Hiking Footwear Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
5. Global Hiking Footwear Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
6. Global Hiking Footwear Historical Market: Breakup by End User (USD Billion), 2018-2022
7. Global Hiking Footwear Market Forecast: Breakup by End User (USD Billion), 2023-2028
8. Global Hiking Footwear Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Hiking Footwear Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Hiking Footwear Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Hiking Footwear Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Hiking Footwear Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Hiking Footwear Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Hiking Footwear Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Hiking Footwear Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Hiking Footwear Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Hiking Footwear Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Hiking Footwear Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Hiking Footwear Market Forecast: Breakup by Country (USD Billion), 2023-2028
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 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 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 2023-2028, 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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