NEW YORK, Jan. 16, 2023 /PRNewswire/ -- The global hiking and trail footwear market size is estimated to increase by USD 4.63 billion. The market's growth momentum will progress at a CAGR of 7.98%.
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Global hiking and trail footwear market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –
- Key purchase criteria
- Adoption rates
- Adoption lifecycle
- Drivers of price sensitivity
Global hiking and trail footwear market – Vendor analysis
Vendor Landscape - The global hiking and trail footwear market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer hiking and trail footwear in the market are adidas AG, Amer Sports Corp., Apex Global Brands Inc., ASICS Corp., CALZADOS BOREAL SL, Chogori India Retail Ltd., Deckers Outdoor Corp., Frasers Group plc, KEEN Inc., La Sportiva Spa, Lukas Meindl GmbH and Co. KG, Nike Inc., PUMA SE, Red Wing Brands of America Inc., Skechers USA Inc., Tecnica Group Spa, Under Armour Inc., VF Corp., Wildcraft India Pvt. Ltd., and Wolverine World Wide Inc. and others.
The global hiking and trail footwear market are at its growing stage. This implies that the market in focus is characterized by the increasing premiumization of hiking and trail running footwear, the rising prominence of hiking and trail running as an outdoor recreational activity, and the growing support for outdoor hiking and trail running through associations.
Vendor offerings -
- adidas AG: The company offers hiking and trail footwear products such as Terrex AX4 gore-tex, Terrex free hike XLP parley and Terrex free hiker prime blue.
- Amer Sports Corp: The company offers hiking and trail footwear products under the subsidiary Salomon.
- ASICS Corp: The company offers hiking and trail footwear products such as GEL Trabuco 10, Venture 8 WP and Trabuco 10.
- Deckers Outdoor Corp: The company offers hiking and trail footwear products under the subsidiary Hoka.
- Nike Inc: The company offers hiking and trail footwear products such as Air zoom Terra Kiger 8, Pegasus trail 3, and Wildhorse 7.
- For Details on the vendor and its offerings – Buy the report!
Global hiking and trail footwear market - Segmentation assessment
Segment overview
Technavio has segmented the market based on the product (hiking footwear and trail running footwear) and geography (Europe, North America, APAC, South America, and Middle East and Africa).
- The market share growth of the hiking footwear segment will be higher than the other segments during the forecast period. Factors such as growth in adventure tourism and the popularity of hiking as an outdoor activity are expected to increase the need for hiking footwear during the forecast period.
Geography overview
By geography, the global hiking and trail footwear market is segmented into Europe, North America, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global hiking and trail footwear market.
- APAC will account for 34% of the market's growth during the forecast period. China and India are the key markets for hiking and trail footwear market in APAC. Market growth in this region will be faster than the market growth in other regions. The growth of the hiking and trail footwear market in APAC over the forecast period will be facilitated by the increasing popularity of adventure tourism in various nations, including China, India, and Indonesia.
Global hiking and trail footwear market – Market dynamics
Leading drivers - The increasing premiumization of hiking and trail running footwear is one of the key drivers fueling the hiking and trail footwear market growth. Technical advancements in product research, design, and fabrication have led to the premiumization of hiking and trail running footwear. Furthermore, the increased consumer knowledge of the advantages of specialist footwear has boosted the demand for high-end hiking and trail running footwear. Hence, the increasing premiumization of hiking and trail running footwear is expected to drive the market during the forecast period.
Key trends - The rising popularity of eco-friendly footwear is one of the key hiking and trail footwear market trends contributing to the market growth. Due to the rising customer traction toward environment-friendly products and reducing carbon footprints, several vendors are concentrating on the creation and promotion of eco-friendly hiking and trail running footwear. Furthermore, an increasing number of eco-friendly and vegan footwear styles are being designed by manufacturers employing synthetic and faux leather materials that are ethically produced to boost market growth during the forecast period.
Major challenges - The threat of travel-related diseases is one of the challenges limiting the hiking & trail footwear market growth. One of the factors limiting the hiking and trail footwear market is the risk of travel-related infections. Consumer participation in hiking and trail running activities is restricted by health issues faced by them. Along with accidents, trauma from falls, and other injuries, hikers frequently suffer from respiratory disease, altitude-related illness, and diarrheal illness. Therefore, the risk of travel-related disease restricts the growth of the hiking and trail footwear market during the forecast period.
What are the key data covered in this hiking and trail footwear market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the hiking and trail footwear market between 2022 and 2026
- Precise estimation of the size of the hiking and trail footwear market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the hiking and trail footwear market across Europe, North America, APAC, South America, and Middle East and Africa
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of hiking and trail footwear market vendors
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Hiking And Trail Footwear Market Scope |
|
Report Coverage |
Details |
Page number |
137 |
Base year |
2021 |
Historic period |
2017-2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.98% |
Market growth 2022-2026 |
USD 4.63 billion |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
7.43 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
APAC at 34% |
Key countries |
US, Canada, China, India, Germany, and France |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
adidas AG, Amer Sports Corp., Apex Global Brands Inc., ASICS Corp., CALZADOS BOREAL SL, Chogori India Retail Ltd., Deckers Outdoor Corp., Frasers Group plc, KEEN Inc., La Sportiva Spa, Lukas Meindl GmbH and Co. KG, Nike Inc., PUMA SE, Red Wing Brands of America Inc., Skechers USA Inc., Tecnica Group Spa, Under Armour Inc., VF Corp., Wildcraft India Pvt. Ltd., and Wolverine World Wide Inc. |
Market dynamics |
Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse for Technavio "Consumer Discretionary" Research Reports
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
- 5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product
- 5.3 Hiking footwear - Market size and forecast 2021-2026
- Exhibit 28: Chart on Hiking footwear - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Hiking footwear - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Hiking footwear - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Hiking footwear - Year-over-year growth 2021-2026 (%)
- 5.4 Trail running footwear - Market size and forecast 2021-2026
- Exhibit 32: Chart on Trail running footwear - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Trail running footwear - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Trail running footwear - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Trail running footwear - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Product
- Exhibit 36: Market opportunity by Product ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 Europe - Market size and forecast 2021-2026
- Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.4 North America - Market size and forecast 2021-2026
- Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.5 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 Germany - Market size and forecast 2021-2026
- Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.10 China - Market size and forecast 2021-2026
- Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.11 France - Market size and forecast 2021-2026
- Exhibit 74: Chart on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on France - Year-over-year growth 2021-2026 (%)
- 7.12 Canada - Market size and forecast 2021-2026
- Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.13 India - Market size and forecast 2021-2026
- Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)
- 7.14 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 90: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 91: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 10.3 adidas AG
- Exhibit 93: adidas AG - Overview
- Exhibit 94: adidas AG - Business segments
- Exhibit 95: adidas AG - Key news
- Exhibit 96: adidas AG - Key offerings
- Exhibit 97: adidas AG - Segment focus
- 10.4 Amer Sports Corp.
- Exhibit 98: Amer Sports Corp. - Overview
- Exhibit 99: Amer Sports Corp. - Product / Service
- Exhibit 100: Amer Sports Corp. - Key offerings
- 10.5 ASICS Corp.
- Exhibit 101: ASICS Corp. - Overview
- Exhibit 102: ASICS Corp. - Business segments
- Exhibit 103: ASICS Corp. - Key news
- Exhibit 104: ASICS Corp. - Key offerings
- Exhibit 105: ASICS Corp. - Segment focus
- 10.6 Chogori India Retail Ltd.
- Exhibit 106: Chogori India Retail Ltd. - Overview
- Exhibit 107: Chogori India Retail Ltd. - Product / Service
- Exhibit 108: Chogori India Retail Ltd. - Key offerings
- 10.7 Deckers Outdoor Corp.
- Exhibit 109: Deckers Outdoor Corp. - Overview
- Exhibit 110: Deckers Outdoor Corp. - Business segments
- Exhibit 111: Deckers Outdoor Corp. - Key offerings
- Exhibit 112: Deckers Outdoor Corp. - Segment focus
- 10.8 Nike Inc.
- Exhibit 113: Nike Inc. - Overview
- Exhibit 114: Nike Inc. - Business segments
- Exhibit 115: Nike Inc. - Key news
- Exhibit 116: Nike Inc. - Key offerings
- Exhibit 117: Nike Inc. - Segment focus
- 10.9 PUMA SE
- Exhibit 118: PUMA SE - Overview
- Exhibit 119: PUMA SE - Business segments
- Exhibit 120: PUMA SE - Key news
- Exhibit 121: PUMA SE - Key offerings
- Exhibit 122: PUMA SE - Segment focus
- 10.10 Under Armour Inc.
- Exhibit 123: Under Armour Inc. - Overview
- Exhibit 124: Under Armour Inc. - Business segments
- Exhibit 125: Under Armour Inc. - Key offerings
- Exhibit 126: Under Armour Inc. - Segment focus
- 10.11 VF Corp.
- Exhibit 127: VF Corp. - Overview
- Exhibit 128: VF Corp. - Business segments
- Exhibit 129: VF Corp. - Key news
- Exhibit 130: VF Corp. - Key offerings
- Exhibit 131: VF Corp. - Segment focus
- 10.12 Wolverine World Wide Inc.
- Exhibit 132: Wolverine World Wide Inc. - Overview
- Exhibit 133: Wolverine World Wide Inc. - Business segments
- Exhibit 134: Wolverine World Wide Inc. - Key offerings
- Exhibit 135: Wolverine World Wide Inc. - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 136: Inclusions checklist
- Exhibit 137: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 138: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 139: Research methodology
- Exhibit 140: Validation techniques employed for market sizing
- Exhibit 141: Information sources
- 11.5 List of abbreviations
- Exhibit 142: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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