Hiking footwear has thick, robust soles that are well-suited for navigating tough terrain. Hiking footwear is ideal for long-distance travel due to its high functionality and weather resistance. Hiking shoes are also extremely long-lasting and water-resistant.
Hiking’s growing popularity has been good for the hiking footwear market’s prospects. Weight, durability, weather resistance, pricing, design advancements, flexibility, and raw material quality are all factors that major hiking footwear manufacturers compete on.
According to a recent report by Fact.MR, the worldwide hiking footwear industry is expected to reach a worth of over US$ 18 billion in 2020, accounting for about 4% of the overall footwear market. Hiking footwear sales are expected to grow at a CAGR of 3% to reach US$ 25 billion by 2031. During the forecast period of 2021 to 2031, demand for hiking shoes is expected to grow at a quicker rate of 4%.
Key Segments Covered in Hiking Footwear Industry Research
- Trail Shoes
- Hiking Shoes
- Hiking Boots
- Mountaineering Boots
- Approach Shoes
- Low Cut Hiking Footwear
- Mid Cut Hiking Footwear
- High Cut Hiking Footwear
- Sales of Hiking Footwear via Independent Sports Outlets
- Sales of Hiking Footwear via Franchised Sports Outlets
- Sales of Hiking Footwear via Modern Trade Channels
- Sales of Hiking Footwear via Direct to Customer Brand Outlets
- Sales of Hiking Footwear via Direct to Customer Online Channels
- Sales of Hiking Footwear via Direct to Customer Institutional Channels
- Sales of Hiking Footwear via Third-Party Online Channels
For market expansion, leading companies are employing innovative strategies such as ground-breaking marketing approaches, technological advancements, mergers, and acquisitions.
Leading hiking footwear makers are focusing more on product development and launch strategies, with a particular focus on material and design innovations.
As the battle for hiking footwear heats up, top brands are expanding their offers to appeal to a wider range of potential customers.
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