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Global Hiking Gear and Equipment Market 2016-2020

  • Published: Sep 2016
  • Pages: 58
  • SKU: IRTNTR10453
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This market research analysis recognizes Arcteryx, Marmot, The North Face, Black Diamond, Mountain Hardwear, and Marmont Mountain as the key players in the global hiking gear and equipment market. A comprehensive analysis of the market is also provided by product type (hiking apparel, hiking shoes, and hiking equipment), by retail formats (specialty and sports stores, department and discount stores, online retail, and others), and by geography (APAC, Europe, North America, and ROW).

Get our updated market research report on the Global Hiking Gear and Equipment Market 2018-2022

Outlook of the global hiking gear and equipment market

According to the market research analysts at Technavio, the global hiking gear and equipment market will grow at a CAGR of around 3% by 2020. The growing rate of adventure tourism will be one of the primary growth drivers for the market during the forecast period. The change in urban lifestyle among the population across the globe is leading to the popularity of leisure vacations and adventure tourism. Many health conscious tourists are taking vacation packages that will include outdoor physical activities and include adventure sports like camping, rafting, rock climbing, hiking, and scuba diving. The promotion of such tourism activities and events will propel the growth of the hiking gear and equipment market. Many government organizations and the United Nations World Tourism Organization (UNWTO) are also focusing on the endorsement of such tourism events to help inculcate a healthy lifestyle among the general population.

The market analysts predict that North America will dominate the market by posting a CAGR of around 3% by 2020. The growing interest in outdoor recreational activities among the youth will help America to be the largest region in the market. Since North America has some of the best hiking regions like the West Maroon Creek Trail, the Harding Icefield Trail, and the Precipice Trail, it becomes the main attraction for adventure sports for many young sports enthusiasts in the area. Also, the product lifecycle of hiking equipment is very low and require regular replacement due to wear and tear.

Competitive landscape and key vendors

In recent times the market has observed an increasing demand for eco-friendly and technologically advanced hiking equipment. The players compete on the basis of quality of raw materials, price, weather resistance, weight, durability, adaptability, and innovations in design. Moreover, the manufacturers will focus on the technological innovation of products and adoption of online retail as a distribution channel to survive the competition in the market during the forecast period.

Leading players in the market are -

  • Arc'teryx
  • Marmot
  • The North Face
  • Black Diamond
  • Mountain Hardwear
  • Marmont Mountain

Other prominent vendors in the market include AMG Group, Big Agnes, Force Ten, Hilleberg, Kelty, MontBell, Outwell, Paddy Pallin, Sierra Designs, Skandika, and Snugpak.

Product segmentation and analysis of the hiking gear and equipment market

  • Hiking apparel
  • Hiking shoes
  • Hiking equipment

During 2015, the hiking apparel segment was the largest in the market and accounted for more than 57% of the total market share. The increasing demand for lightweight outdoor apparel will lead to the growth of this market segment during the forecast period. The manufacturers are focusing on enhancing the comfort and design of the hiking gear to suit the needs of the customer. Also, the growing trend for fashionable and technically sound gear will gain popularity during the next four years.

Segmentation by distribution channel and analysis of the hiking gear and equipment market

  • Specialty and sports stores
  • Department and discount stores
  • Online retail

Technavio’s market research analysts predict the specialty and sports stores segment to dominate the market, accounting for nearly 48% of the total market share by 2020. One of the key factors contributing to the growth of this segment will be the availability of a varied number of products and high-tech hiking equipment under one roof.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global hiking gear and equipment market?
  • What are the key market trends impacting the growth of the global hiking gear and equipment market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global hiking gear and equipment market?
  • What are the market opportunities and threats faced by the vendors in the global hiking gear and equipment market?
  • Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
  • What are the key outcomes of the five forces analysis of the global hiking gear and equipment market?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by product

  • Global hiking apparel market
  • Global hiking shoes market
  • Global other hiking equipment market

PART 07: Market segmentation by retail formats

PART 08: Geographical segmentation

  • Hiking gear and equipment market in North America
  • Hiking gear and equipment market in Europe
  • Hiking gear and equipment market in APAC
  • Hiking gear and equipment market in ROW

PART 09: Key leading countries

  • US
  • Germany
  • Australia

PART 10: Market drivers

  • Increasing participation in outdoor recreational activities
  • Growing adventure tourism
  • Government initiatives to promote outdoor activities

PART 11: Impact of drivers

PART 12: Market challenges

  • Growing popularity of RVs
  • Preference for rental equipment
  • Constraints involved in outdoor activities

PART 13: Impact of drivers and challenges

PART 14: Market trends

  • Ideations for product enhancements
  • Growing number of environmentally friendly product offerings
  • Social media in outdoor activities

PART 15: Vendor landscape

  • Competitive scenario
  • Arc’teryx
  • Black Diamond
  • Marmot
  • Mountain Hardwear
  • The North Face
  • Other prominent vendors

PART 16: Appendix

  • List of abbreviations

PART 17: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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