Hiking and Trail Footwear Market Analysis Europe, North America, APAC, South America, Middle East and Africa - US, Canada, China, Germany, France - Size and Forecast 2024-2028

Published: Nov 2023

Pages: 163

SKU: IRTNTR44805

Snapshot

Hiking and Trail Footwear Market Report 2024-2028

The hiking and trail footwear market size is estimated to grow by USD 6.17 million, accelerating at a CAGR of 8.18% between 2023 and 2028. The growth of the market depends on several factors, including increasing premiumization of hiking and trail running footwear, the rising prominence of hiking and trail running as an outdoor recreational activity, and growing support for outdoor hiking and trail running through associations.

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This hiking and trail footwear market report extensively covers market segmentation by Product (hiking footwear and trail running footwear), Distribution Channel (offline and online), and Geography (Europe, North America, APAC, South America, and Middle East and Africa) . It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 - 2022.

The market share growth by the hiking footwear segment will be significant during the forecast period. Hiking footwears are essential for outdoor hiking to protect the hiker's feet and ankles. The footwear is generally strong, durable, and has a break-in period. Advances in footwear technology have enabled several vendors, such as Amer Sports, Nike, Inc., Puma SE, and Adidas AG, to introduce activity-specific footwear for hiking and trail running. Additionally, innovations in technical fabrication, design, and product development have resulted in the premiumization of hiking and trail running footwear over the last few years.The demand for hiking shoes is expected to grow during the forecast period, owing to factors such as the increase in adventure tourism and the rising popularity of hiking as an outdoor leisure activity.

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The hiking footwear segment was valued at USD 7,982.86 million in 2017 and continued to grow until 2021. As China is one of the largest exporters of hiking shoes and the United States is a major consumer of hiking shoes, the segment is expected to face a significant amount of growth challenges during the forecast period. Therefore, the hiking shoes segment is set to grow slowly during the forecast period.

The surging demand for eco-friendly footwear is a prominent trend shaping market growth, with vendors like La Sportiva and Adidas focusing on environmentally conscious hiking and trail running shoes. These companies utilize materials like faux leather and ethically sourced synthetics to create vegan-friendly options, such as La Sportiva's Trango GTX hiking shoes. Simultaneously, the global e-commerce boom, particularly in countries like the United States, China, and India, contributes significantly to market growth. Key players like Nike, Adidas, and Puma leverage online retail channels, enhancing international reach and providing consumers with accessible product comparisons. The combination of eco-friendly trends and the e-commerce surge is expected to propel market growth in the forecast period.

The market faces obstacles due to the threat of travel-related diseases, deterring hikers and trail runners. Limited access to medical facilities in remote areas necessitates carrying first aid kits, addressing common issues like diarrheal and respiratory diseases. Additionally, the aging global population presents a significant challenge, as health concerns like arthritis, diabetes, and heart disease limit elderly participation in outdoor activities like hiking and trekking. The rise in the elderly demographic boosts the demand for indoor fitness activities, reducing the demand for outdoor apparel like hiking and trail sportswear.

Hiking And Trail Footwear Market Regions

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APAC is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Countries like Germany, France, Russia, and the UK have seen a surge in hiking and trail running participation, driven by support from entities like the European Ramblers Association and the Hiking Europe project. These organizations enhance outdoor tourism infrastructure, promoting physical activities and facilitating trail creation and maintenance. Access rights to certain lands further encourage outdoor recreation, driving the regional market. Factors such as marketing efforts, widespread availability of hiking sportswear, favorable weather, rental options, accessibility, and certified training schools contribute to the popularity of adventure sports, presenting new growth opportunities for the regional hiking and trail footwear market.

Key Companies and Market Share Hiking and Trail Footwear Market Analysis

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Adidas: The company offers different types of hiking shoes which are designed with a series of recycled materials. It also offers a wide range of men, women, and children's footwear.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Hiking And Trail Footwear Market Scope
Report Coverage	Details
Page number	163
Base year	2023
Historic period	2018 - 2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 8.18%
Market growth 2024-2028	USD 6.17 billion
Market structure	Fragmented
YoY growth 2023-2024(%)	7.45
Regional analysis	Europe, North America, APAC, South America, and Middle East and Africa
Performing market contribution	APAC at 33%
Key countries	US, Canada, China, Germany, and France
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Adidas AG, ANTA Sports Products Ltd., ASICS Corp., BOREAL, Columbia Sportswear Co., Deckers Outdoor Corp., Frasers Group plc, GALAXY UNIVERSAL LLC, 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, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for 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.

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What are the Key Data Covered in this Hiking And Trail Footwear Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2024 and 2028
Precise estimation of the size of the market size and its contribution of the market in focus to the parent market
Accurate predictions about upcoming trends and changes in consumer behaviour
Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
Thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of market companies

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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 Market Segmentation by Distribution Channel
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global hiking and trail footwear market 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global hiking and trail footwear market 2018 - 2022 ($ billion)

4.2 Product Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Product Segment 2018 - 2022 ($ billion)

4.3 Distribution Channel Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ billion)

4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)

4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Product

6.1 Market segments
- Exhibit 30: Chart on Product - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Product - Market share 2023-2028 (%)

6.2 Comparison by Product
- Exhibit 32: Chart on Comparison by Product
- Exhibit 33: Data Table on Comparison by Product

6.3 Hiking footwear - Market size and forecast 2023-2028
- Exhibit 34: Chart on Hiking footwear - Market size and forecast 2023-2028 ($ billion)
- Exhibit 35: Data Table on Hiking footwear - Market size and forecast 2023-2028 ($ billion)
- Exhibit 36: Chart on Hiking footwear - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Hiking footwear - Year-over-year growth 2023-2028 (%)

6.4 Trail running footwear - Market size and forecast 2023-2028
- Exhibit 38: Chart on Trail running footwear - Market size and forecast 2023-2028 ($ billion)
- Exhibit 39: Data Table on Trail running footwear - Market size and forecast 2023-2028 ($ billion)
- Exhibit 40: Chart on Trail running footwear - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Trail running footwear - Year-over-year growth 2023-2028 (%)

6.5 Market opportunity by Product
- Exhibit 42: Market opportunity by Product ($ billion)
- Exhibit 43: Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by Distribution Channel

7.1 Market segments
- Exhibit 44: Chart on Distribution Channel - Market share 2023-2028 (%)
- Exhibit 45: Data Table on Distribution Channel - Market share 2023-2028 (%)

7.2 Comparison by Distribution Channel
- Exhibit 46: Chart on Comparison by Distribution Channel
- Exhibit 47: Data Table on Comparison by Distribution Channel

7.3 Offline - Market size and forecast 2023-2028
- Exhibit 48: Chart on Offline - Market size and forecast 2023-2028 ($ billion)
- Exhibit 49: Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
- Exhibit 50: Chart on Offline - Year-over-year growth 2023-2028 (%)
- Exhibit 51: Data Table on Offline - Year-over-year growth 2023-2028 (%)

7.4 Online - Market size and forecast 2023-2028
- Exhibit 52: Chart on Online - Market size and forecast 2023-2028 ($ billion)
- Exhibit 53: Data Table on Online - Market size and forecast 2023-2028 ($ billion)
- Exhibit 54: Chart on Online - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Online - Year-over-year growth 2023-2028 (%)

7.5 Market opportunity by Distribution Channel
- Exhibit 56: Market opportunity by Distribution Channel ($ billion)
- Exhibit 57: Data Table on Market opportunity by Distribution Channel ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 59: Chart on Market share by geography 2023-2028 (%)
- Exhibit 60: Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison
- Exhibit 61: Chart on Geographic comparison
- Exhibit 62: Data Table on Geographic comparison

9.3 Europe - Market size and forecast 2023-2028
- Exhibit 63: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 64: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 65: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 66: Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.4 North America - Market size and forecast 2023-2028
- Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)

9.5 APAC - Market size and forecast 2023-2028
- Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.6 South America - Market size and forecast 2023-2028
- Exhibit 75: Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 76: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 77: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on South America - Year-over-year growth 2023-2028 (%)

9.7 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.8 US - Market size and forecast 2023-2028
- Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)

9.9 Germany - Market size and forecast 2023-2028
- Exhibit 87: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 88: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 89: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on Germany - Year-over-year growth 2023-2028 (%)

9.10 China - Market size and forecast 2023-2028
- Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)

9.11 France - Market size and forecast 2023-2028
- Exhibit 95: Chart on France - Market size and forecast 2023-2028 ($ billion)
- Exhibit 96: Data Table on France - Market size and forecast 2023-2028 ($ billion)
- Exhibit 97: Chart on France - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on France - Year-over-year growth 2023-2028 (%)

9.12 Canada - Market size and forecast 2023-2028
- Exhibit 99: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
- Exhibit 100: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
- Exhibit 101: Chart on Canada - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on Canada - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography
- Exhibit 103: Market opportunity by geography ($ billion)
- Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 105: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 107: Overview on factors of disruption

11.4 Industry risks
- Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 109: Vendors covered

12.2 Market positioning of vendors
- Exhibit 110: Matrix on vendor position and classification

12.3 Adidas AG
- Exhibit 111: Adidas AG - Overview
- Exhibit 112: Adidas AG - Business segments
- Exhibit 113: Adidas AG - Key news
- Exhibit 114: Adidas AG - Key offerings
- Exhibit 115: Adidas AG - Segment focus

12.4 ANTA Sports Products Ltd.
- Exhibit 116: ANTA Sports Products Ltd. - Overview
- Exhibit 117: ANTA Sports Products Ltd. - Business segments
- Exhibit 118: ANTA Sports Products Ltd. - Key offerings
- Exhibit 119: ANTA Sports Products Ltd. - Segment focus

12.5 ASICS Corp.
- Exhibit 120: ASICS Corp. - Overview
- Exhibit 121: ASICS Corp. - Product / Service
- Exhibit 122: ASICS Corp. - Key news
- Exhibit 123: ASICS Corp. - Key offerings

12.6 BOREAL
- Exhibit 124: BOREAL - Overview
- Exhibit 125: BOREAL - Product / Service
- Exhibit 126: BOREAL - Key offerings

12.7 Columbia Sportswear Co.
- Exhibit 127: Columbia Sportswear Co. - Overview
- Exhibit 128: Columbia Sportswear Co. - Business segments
- Exhibit 129: Columbia Sportswear Co. - Key news
- Exhibit 130: Columbia Sportswear Co. - Key offerings
- Exhibit 131: Columbia Sportswear Co. - Segment focus

12.8 Deckers Outdoor Corp.
- Exhibit 132: Deckers Outdoor Corp. - Overview
- Exhibit 133: Deckers Outdoor Corp. - Business segments
- Exhibit 134: Deckers Outdoor Corp. - Key offerings
- Exhibit 135: Deckers Outdoor Corp. - Segment focus

12.9 GALAXY UNIVERSAL LLC
- Exhibit 136: GALAXY UNIVERSAL LLC - Overview
- Exhibit 137: GALAXY UNIVERSAL LLC - Product / Service
- Exhibit 138: GALAXY UNIVERSAL LLC - Key offerings

12.10 Lukas Meindl GmbH and Co. KG
- Exhibit 139: Lukas Meindl GmbH and Co. KG - Overview
- Exhibit 140: Lukas Meindl GmbH and Co. KG - Product / Service
- Exhibit 141: Lukas Meindl GmbH and Co. KG - Key offerings

12.11 Nike Inc.
- Exhibit 142: Nike Inc. - Overview
- Exhibit 143: Nike Inc. - Business segments
- Exhibit 144: Nike Inc. - Key news
- Exhibit 145: Nike Inc. - Key offerings
- Exhibit 146: Nike Inc. - Segment focus

12.12 PUMA SE
- Exhibit 147: PUMA SE - Overview
- Exhibit 148: PUMA SE - Business segments
- Exhibit 149: PUMA SE - Key news
- Exhibit 150: PUMA SE - Key offerings
- Exhibit 151: PUMA SE - Segment focus

12.13 Skechers USA Inc.
- Exhibit 152: Skechers USA Inc. - Overview
- Exhibit 153: Skechers USA Inc. - Business segments
- Exhibit 154: Skechers USA Inc. - Key offerings
- Exhibit 155: Skechers USA Inc. - Segment focus

12.14 Tecnica Group SpA
- Exhibit 156: Tecnica Group SpA - Overview
- Exhibit 157: Tecnica Group SpA - Product / Service
- Exhibit 158: Tecnica Group SpA - Key offerings

12.15 Under Armour Inc.
- Exhibit 159: Under Armour Inc. - Overview
- Exhibit 160: Under Armour Inc. - Business segments
- Exhibit 161: Under Armour Inc. - Key offerings
- Exhibit 162: Under Armour Inc. - Segment focus

12.16 VF Corp.
- Exhibit 163: VF Corp. - Overview
- Exhibit 164: VF Corp. - Business segments
- Exhibit 165: VF Corp. - Key news
- Exhibit 166: VF Corp. - Key offerings
- Exhibit 167: VF Corp. - Segment focus

12.17 Wolverine World Wide Inc.
- Exhibit 168: Wolverine World Wide Inc. - Overview
- Exhibit 169: Wolverine World Wide Inc. - Business segments
- Exhibit 170: Wolverine World Wide Inc. - Key offerings
- Exhibit 171: Wolverine World Wide Inc. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 172: Inclusions checklist
- Exhibit 173: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 174: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 175: Research methodology
- Exhibit 176: Validation techniques employed for market sizing
- Exhibit 177: Information sources

13.5 List of abbreviations
- Exhibit 178: List of abbreviations

Methodology

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.

INFORMATION 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

DATA 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

REPORT 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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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
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What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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