Global Hiking Gear & Equipment Market was valued at USD 15.2 Billion in 2019 and expected to grow with a CAGR 4.5% over the forecast period 2020-2027. Hiking gear and equipment is asset of items which used by the people who go for hiking and tracking. Rising demand for sporting activity in young population increase the market demand of hiking gear and equipment. The industry is entered in a maturity stage and has had steady growth in upcoming years. Increasing craze of exploring, fitness regime, outdoor sports events and short recreational activities also boosting the market growth. Busy and hectic lifestyle coupled with increase and rise in the number of agencies which are organizing hiking tours and increase in adventure travel drive the market growth of hiking gear and equipment. For instance, as per Statista, global adventure tourism market reached USD 0.65 billion in 2019 and increased at a CAGR 10.7% to 2.02 billion in 2030.Despite that, the potential risk and uncertain conditions in hiking restrains the market growth over the forecasting period 2020-2027.

The regional analysis of the Hiking Gear & Equipment Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. In which, North America dominates the market owing to increase outdoor activities and sports in the region. However, APAC is projected the fasted growth in hiking gear and equipment market due to increase in adoption of outdoor sports and recreational activities in the region.

Key Players in Global Hiking Gear & Equipment Market
The North Face
Marmont Mountain
Black Diamond Equipment Ltd.
Arcteryx
Marmot Mountain LLC
Mountain Hardwear
Kelty
Montbell
AMG Group
Big Agnes

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Gear & Equipment
Apparel
Footwear
Others
By Customer Profile:
Men
Women
Kids
By Distribution Channel:
Online
Offline By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy

Asia Pacific
China
India
Japan
Australia


Latin America
Brazil
Mexico
Rest of LA
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year 2017, 2018
Base year 2019
Forecast period 2020 to 2027

Target Audience of Global Hiking Gear & Equipment Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors