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Hiking and Trail Footwear Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: May 2022
  • Pages: 137
  • SKU: IRTNTR44805
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The hiking and trail footwear market share is expected to increase by USD 4.63 billion from 2021 to 2026, at a accelerating CAGR of 7.98%.

This hiking and trail footwear market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The hiking and trail footwear market report offers information on several market vendors, including 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. among others. Furthermore, the hiking and trail footwear market has been broadly categorized into the following demographic segmentations: 

  • Product - Hiking footwear and trail running footwear
  • Geography - Europe, North America, APAC, South America, and Middle East and Africa

What will the Hiking and Trail Footwear Market Size be During the Forecast Period?

Hiking and Trail Footwear Market Size

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Hiking and Trail Footwear Market: Key Drivers, Trends, and Challenges

The increasing premiumization of hiking and trail running footwear is notably driving the hiking and trail footwear market growth, although factors such as the threat of travel-related diseases may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hiking and trail footwear industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Hiking and Trail Footwear Market Driver

  • The increasing premiumization of hiking and trail running footwear is one of the key drivers fueling the hiking and trail footwear market growth.
  • Innovations in technical fabrication, design, and product development have resulted in the premiumization of hiking and trail running footwear over the last few years. 
  • For instance, Salomon S.A.S., a subsidiary of Amer Sports, offers the S/LAB series of premium trail running footwear, targeting competitive runners and professional hikers. These footwears offer high comfort and precise fit.
  • Models such as S/LAB ULTRA feature a detached wing-type design to provide high adaptability to the arch and midfoot.
  • Growing consumer awareness about the benefits of specialized shoes has fueled the demand for premium hiking and trail running footwear over the last few years. Hence, the increasing premiumization of hiking and trail running footwear is expected to drive the market during the forecast period. 

Key Hiking and Trail Footwear Market Trend

  • 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 growing consumer shift toward environment-friendly products and carbon footprint minimization, several vendors are focusing on the development and promotion of eco-friendly hiking and trail running footwear.
  • Manufacturers are increasingly using ethically sourced faux leather and synthetic materials to design a range of eco-friendly and vegan footwear. 
  • Vendors such as La Sportiva S.p.A and Adidas AG offer a range of lightweight hiking boots that are eco-friendly and provide comparable performance to traditional hiking footwear.
  • For instance, Adidas AG offers the Outdoor Terrex line of hiking footwear that is designed similar to running shoes, which can be used for trail running as well. Thus, the growing popularity of eco-friendly footwear is expected to boost the growth of the global hiking and trail footwear market during the forecast period. 

Key Hiking and Trail Footwear Market Challenge

  • The threat of travel-related diseases is one of the challenges limiting the hiking & trail footwear market growth.
  • Medical issues encountered by hikers, trekkers, and trail runners hinder consumer participation in hiking and trail running activities.
  • Apart from accidents and trauma from falls and other injuries, common problems encountered by trekkers include diarrheal illness, respiratory illness, and altitude-related illness.
  • Risks related to hiking or trail location include acute mountain sickness (AMS), sunburn, and others. Hence, the threat of travel-related diseases hinders the growth of the hiking & trail footwear market during the forecast period. 

This hiking and trail footwear market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global hiking and trail footwear market as a part of the global footwear market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the hiking and trail footwear market during the forecast period.

Who are the Major Hiking and Trail Footwear Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • 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.
  • Wolverine World Wide Inc.

 

This statistical study of the hiking and trail footwear market encompasses successful business strategies deployed by the key vendors. The hiking and trail footwear market is fragmented and the vendors are deploying growth strategies such as brand, quality, and reliability to compete in the market.

Product Insights and News

  • Adidas-group.com - 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.
  • Amersports.com - The company offers hiking and trail footwear products under the subsidiary Salomon.
  • Asics.com - The company offers hiking and trail footwear products such as GEL Trabuco 10, Venture 8 WP and Trabuco 10.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The hiking and trail footwear market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Hiking and Trail Footwear Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the hiking and trail footwear market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Hiking and Trail Footwear Market?

Hiking and Trail Footwear Market Market segmentation by region

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34% of the market's growth will originate from APAC 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 growth of the market in other regions.

The growing prominence of adventure tourism in several countries such as China, India, and Indonesia will facilitate the hiking and trail footwear market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The hiking & trail footwear market in APAC witnessed certain challenges in 2020 due to the COVID-19 pandemic. However, the introduction of vaccines led to a decrease in the number of COVID-19 cases in the region. This has resulted in the lifting of lockdown restrictions and the resumption of tourism. Due to such factors, it is expected the demand for hiking & trail footwear will increase in the upcoming year and significantly fuel the growth of the market in focus during the forecast period.

What are the Revenue-generating Product Segments in the Hiking and Trail Footwear Market?

Hiking and Trail Footwear Market Segmentation

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The hiking and trail footwear market share growth by the hiking footwear segment will be significant during the forecast period. Several vendors, such as Wildcraft and Boreal, offer a range of hiking footwear that are made of different materials and vary in terms of ankle length. Moreover, with the growing consumer emphasis on carbon footprint minimization, vendors are increasingly offering hiking footwear that is made of ethically sourced faux leather and synthetic materials. Factors such as an increase in adventure tourism and the rising popularity of hiking as an outdoor recreational activity are expected to drive the demand for hiking footwear during the forecast period and thereby, driving the hiking & trail footwear market growth. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the hiking and trail footwear market size and actionable market insights on post COVID-19 impact on each segment.

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APAC Footwear market - The market share is expected to increase by USD 55.92 Billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.36%.

US Running Apparel and Footwear market - The market share is expected to increase by USD 9.89 billion from 2021 to 2026, at a CAGR of 6.49%.

Sports Footwear market - The market share is expected to increase by USD 8.36 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 1.95%.

Hiking and Trail Footwear Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.98%

Market growth 2022-2026

$ 4.63 billion

Market structure

Fragmented

YoY growth (%)

7.43

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 34%

Key consumer countries

US, Canada, China, India, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

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, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

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

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive hiking and trail footwear market growth during the next five years
  • Precise estimation of the hiking and trail footwear market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the hiking and trail footwear industry across Europe, North America, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of hiking and trail footwear market vendors

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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

              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
              Technavio

              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
              Technavio

              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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              Hiking and Trail Footwear Market market growth will increase by $4.63 bn during 2022-2026.
              The hiking and trail footwear market market is expected to grow at a CAGR of 7.98% during 2022-2026.
              Technavio has segmented the hiking and trail footwear market market by product (Hiking footwear and Trail running footwear) and geography (Europe, North America, APAC, South America, and Middle East and Africa).
              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., Wolverine World Wide Inc. are a few of the key vendors in the hiking and trail footwear market market.
              APAC will register the highest growth rate of 34% among the other regions. Therefore, the hiking and trail footwear market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the hiking and trail footwear market market growth are:
              • increasing premiumization of hiking and trail running footwear
              • Rising popularity of eco-friendly footwear
              The hiking and trail footwear market market vendors should focus on grabbing business opportunities from the hiking footwear segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • 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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