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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Hiking Footwear Market Size
The global hiking footwear market reached a value of about USD 19.95 billion in 2023. The market is further estimated to grow at a CAGR of 3.40% in the forecast period of 2024-2032 to reach a value of around USD 26.94 billion by 2032.
Hiking Footwear Market Outlook
- As per industry reports, for the fiscal year ending May 2021, hiking footwear sales grew 20% over the same period in 2019.
- By 2033, worldwide hiking footwear sales are expected to reach up to USD 26.73 billion.
- Almost 80% of hikers start their hikes in trail runners, while only 13% begin in boots. Other footwear choices include low-top hiking shoes, sandals, and high-top trail runners.
Hiking Footwear Market Report Snapshots
Hiking Footwear Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 19.95 billion.
The hiking footwear market is assessed to grow at a CAGR of 3.40% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach almost USD 26.94 billion by 2032.
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.
Key trends aiding market expansion 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.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Based on design styles, the market is divided into 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 in the market include men, women, and kids.
Key players in the market are Mizuno Corporation, New Balance, Inc., Amer Sports Corporation, PUMA SE, Wolverine World Wide, Inc., and NIKE, Inc., among others.
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