Hiking Footwear Market Size was estimated at 15.38 (USD Billion) in 2022. The Hiking Footwear Market Industry is expected to grow from 16.1(USD Billion) in 2023 to 24.3 (USD Billion) by 2032. The Hiking Footwear Market CAGR (growth rate) is expected to be around 4.69% during the forecast period (2024 - 2032).
Key Hiking Footwear Market Trends Highlighted
The Hiking Footwear Market is experiencing a surge in demand driven by the growing popularity of outdoor activities and the increasing health consciousness among consumers. The rise in disposable income and the trend towards experiential travel have further fueled the demand. Technological advancements and the integration of sustainable materials are key market drivers, leading to the development of lightweight, breathable, and eco-friendly footwear.
Opportunities in the hiking footwear market lie in the expansion of e-commerce platforms, the growing trend of customization, and the increasing demand for performance-oriented footwear. Customization allows consumers to tailor their footwear to their specific needs, while performance-oriented footwear caters to the needs of avid hikers seeking enhanced support and comfort on challenging trails.
Recent market trends include the growing popularity of trail running footwear, the integration of smart technology, and the emergence of subscription-based rental models. Trail running footwear combines the versatility of hiking shoes with the performance of running shoes, appealing to a broader spectrum of consumers. Smart technology, such as GPS tracking and foot mapping, is being incorporated into hiking footwear to enhance the user experience. Subscription-based rental models provide consumers with access to high-quality hiking footwear without the long-term financial commitment, aligning with the increasing trend towards shared economy models.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Hiking Footwear Market Drivers
Increasing Popularity of Outdoor Activities
One of the driving forces of the industry is the growing interest of people in hiking, backpacking, and camping. More and more people opt for these types of physical activities contributing to a rising demand for the appropriate footwear. Hiking shoes are tailored to serve the specific needs of these kinds of excursions – they are well made, durable, usually waterproof and equipped with proper cushioning. That is why such shoes will always be in demand with those involved in hiking and other outdoor activities.
Technological Advancements
A second factor that contributes to the development of the Hiking Footwear Market industry is the advancement of technologies. With time, shoe manufacturers create new technologies by implementing new fabrics or features. For instance, manufacturers may apply new materials to make hiking footwear lighter and allow the skin of a hiker to breathe. New features can be represented by GPS tracking or technologies that control the temperature of feet. It is likely that in the future, the development of technologies will contribute to the growth of the market for hiking footwear.
Rising Disposable Income
The development of the Hiking Footwear Market is spurred by increasing disposable income in emerging markets, which allows people to purchase hiking footwear for leisure and practical applications. In addition to that, rising disposable income will support the demand for hiking footwear in the future
Hiking Footwear Market Segment Insights
Hiking Footwear Market Material Insights
The Hiking Footwear Market is segmented by material into leather, synthetic, and textile. The leather segment is expected to account for the largest share of the market in 2023, owing to its durability, breathability, and water resistance. The synthetic segment is expected to grow at the highest CAGR over the forecast period, due to its affordability, lightweight, and waterproof properties. The market growth is attributed to the increasing popularity of hiking and outdoor activities, along with the rising disposable income of consumers. The segmentation of the Hiking Footwear Market provides valuable insights into the market dynamics and helps in understanding the competitive landscape.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Hiking Footwear Market Construction Type Insights
The Hiking Footwear Market is segmented based on Construction Type into Low-Cut, Mid-Cut, and High-Cut. Among these segments, the Low-Cut segment is expected to hold the largest share of the market in 2023, owing to its lightweight and breathable design, which makes it suitable for day hikes and casual walking. The Mid-Cut segment is projected to grow at the highest CAGR during the forecast period, due to its increased stability and support for longer hikes on uneven terrain. The High-Cut segment is expected to account for a significant share of the market, as it offers the most protection and support for challenging hikes and backpacking trips.
Hiking Footwear Market Performance Features Insights
The Performance Features segment of the Hiking Footwear Market is characterized by the presence of advanced technologies that enhance the functionality and comfort of hiking footwear. This segment comprises features such as waterproofing, breathability, and insulation, which play a crucial role in ensuring a positive hiking experience. Waterproof footwear, with a market value of USD 4.2 billion in 2023 and projected to reach USD 6.1 billion by 2032, protects against moisture and rain, keeping feet dry and comfortable during wet conditions.Breathable footwear, with an estimated market size of USD 3.8 billion in 2023 and a projected growth to USD 5.5 billion by 2032, allows for proper air circulation, reducing sweat buildup and ensuring foot health. Insulated footwear, with a market value of USD 2.9 billion in 2023 and a projected growth to USD 4.2 billion by 2032, provides warmth and protection in cold environments, making it ideal for winter hiking and mountaineering.
Hiking Footwear Market Usage Insights
The Hiking Footwear Market is segmented by usage into Backpacking, Day Hiking, and Trekking. Backpacking is the most popular usage segment, accounting for over 40% of the market in 2023. This is due to the growing popularity of backpacking as a recreational activity, as well as the increasing number of people who are backpacking for extended periods. Day Hiking is the second most popular usage segment, accounting for over 30% of the market in 2023. This is due to the increasing popularity of day hiking to get exercise and enjoy the outdoors.Trekking is the third most popular usage segment, accounting for over 20% of the market in 2023. This is due to the increasing popularity of trekking to explore remote and challenging areas. The Hiking Footwear Market is expected to grow at a CAGR of 4.69% from 2023 to 2032, reaching a market value of USD 24.3 billion by 2032.
Hiking Footwear Market Outsole Type Insights
The Outsole Type segment of the Hiking Footwear Market is anticipated to witness significant growth over the forecast period. Key players in this segment include Vibram, Stealth, and Continental. Vibram, known for its high-performance rubber outsoles, held a dominant position in the market in 2023, accounting for approximately 35% of the revenue share. Stealth, recognized for its sticky rubber compounds, is projected to exhibit a steady growth rate during the forecast period. Continental, with its focus on innovative tread patterns and durability, is expected to gain market share in the coming years.The increasing popularity of outdoor activities and the growing demand for specialized footwear for various terrains are driving the growth of the Outsole Type segment. As per market research, the Hiking Footwear Market revenue is projected to reach USD 18.2 billion by 2024, with the Outsole Type segment contributing a significant portion to this growth.
Hiking Footwear Market Regional Insights
The regional segmentation of the Hiking Footwear Market provides valuable insights into the market dynamics and growth potential across different geographic regions. North America dominates the market with a significant share, driven by increasing outdoor activities and consumer awareness of health and fitness.
Europe follows closely, with a strong presence of renowned hiking footwear brands and a growing demand for high-performance gear. APAC is projected to witness steady growth due to rising disposable incomes, increasing urbanization, and the adoption of Western lifestyles.South America remains a relatively untapped market with untapped opportunities, while MEA shows promising growth prospects as adventure tourism gains popularity.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Hiking Footwear Market Key Players And Competitive Insights
Major players in the Hiking Footwear Market industry are continuously striving to gain a competitive advantage by investing in research and development to introduce innovative products and technologies. Leading Hiking Footwear Market players are focusing on expanding their global presence through strategic partnerships, acquisitions, and joint ventures.
The Hiking Footwear Market development is driven by the increasing popularity of outdoor activities and the rising demand for high-performance and comfortable footwear. The Hiking Footwear Market Competitive Landscape is expected to remain highly competitive in the coming years, with key players vying for market share through product differentiation, pricing strategies, and distribution channels.A leading company in the Hiking Footwear Market, Salomon, is known for its wide range of innovative and high-quality hiking footwear. The company focuses on providing a balance between comfort, durability, and performance. Salomon has a strong brand reputation and a loyal customer base. It has a global presence with distribution channels in over 160 countries. Salomon invests heavily in research and development to create innovative products that meet the evolving needs of hikers. The company's commitment to sustainability and ethical practices further enhances its brand image.Another key competitor in the Hiking Footwear Market is Merrell. Merrell offers a diverse range of hiking footwear designed for various terrains and activities. The company emphasizes comfort and durability, focusing on providing a great fit and support for hikers. Merrell has a strong presence in North America and Europe and is expanding its reach into other regions. The company's commitment to sustainability and social responsibility resonates with consumers, contributing to its brand value. Merrell's focus on innovation and customer-centric approach has helped it gain a strong position in the competitive Hiking Footwear Market.
Key Companies in the Hiking Footwear Market Include
Hiking Footwear Market Industry Developments
The Hiking Footwear Market is projected to reach USD 24.3 billion by 2032, exhibiting a CAGR of 4.69% during the forecast period (2024-2032). Increasing participation in outdoor activities, rising disposable income, and growing awareness of health and fitness are key drivers of market growth. Technological advancements, such as the development of lightweight and durable materials, are further enhancing the appeal of hiking footwear.
E-commerce platforms are also playing a significant role in expanding market reach, particularly in emerging regions. Notable recent developments include the launch of innovative products by leading brands like Salomon, Merrell, and The North Face, focusing on sustainability and comfort. Partnerships between footwear companies and outdoor adventure organizations are also gaining traction, aimed at promoting hiking and supporting environmental conservation efforts.
Hiking Footwear Market Segmentation Insights
| Report Attribute/Metric | Details |
| Market Size 2022 | 15.38(USD Billion) |
| Market Size 2023 | 16.1(USD Billion) |
| Market Size 2032 | 24.3(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 4.69% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Altra, Keens, SCARPA, Brooks, The North Face, Salomon, HOKA ONE ONE, Danner, Garmont, adidas, Vasque, Columbia, Timberland, MERRELL, Nike |
| Segments Covered | Material, Construction Type, Performance Features, Usage, Outsole Type, Regional |
| Key Market Opportunities | Lightweight, durable materials Waterproof breathable membranes Advanced cushioning systems Customizable fit Eco-friendly construction |
| Key Market Dynamics | Increased demand for outdoor activities Growing popularity of adventure tourism Technological advancements in footwear Rising disposable income in developing countries Expansion of ecommerce |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Hiking Footwear Market size was valued at 16.1 billion U.S. dollars in 2023 and is projected to reach 24.3 billion U.S. dollars by 2032, exhibiting a CAGR of 4.69% during the forecast period.
North America is expected to dominate the Hiking Footwear Market, accounting for a significant share due to the presence of many outdoor enthusiasts and a well-established hiking culture in the region.
The growing popularity of outdoor activities, increasing disposable income, and rising awareness of the health benefits of hiking are key factors driving the growth of the Hiking Footwear Market.
Hiking footwear is primarily used for hiking and trekking activities. It provides support, protection, and comfort to the feet and ankles during outdoor adventures.
Major players in the Hiking Footwear Market include Adidas, Nike, Salomon, The North Face, Merrell, Scarpa, Keen, Danner, Lowa, and Asolo.
The latest trends in the Hiking Footwear Market include the increasing adoption of sustainable and eco-friendly materials, the integration of advanced technologies for improved performance and comfort, and the growing popularity of lightweight and versatile footwear.
The COVID-19 pandemic had a significant impact on the Hiking Footwear Market, leading to a decline in sales due to travel restrictions, lockdowns, and reduced outdoor activities. However, the market is expected to recover and continue its growth trajectory as the pandemic subsides.
The Hiking Footwear Market faces challenges such as intense competition, fluctuating raw material prices, and the need for continuous innovation to meet the evolving needs of consumers.
Growth opportunities in the Hiking Footwear Market include the expansion into emerging markets, the development of innovative products, and the adoption of digital technologies to enhance customer experiences.
The Hiking Footwear Market is expected to continue growing steadily over the next decade, driven by increasing participation in outdoor activities and rising consumer awareness of the health and fitness benefits of hiking.
Research Analyst Level II I have a degree in engineering (civil), with masters in business administration (marketing). with more than 4 years of experience in market research and consulting, i am involved in end-to-end process of market research, proposals, project kickoffs and delivery. i have research knowledge and expertise in consumer goods/packaging domain. also i have worked for various other domains like construction & equipment. effectively managed and delivered more than 60 report studies for regional as well as global clientele.
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