Hiking footwear, also known as hiking shoes, is a kind of shoes designed specifically for outdoor sports, suitable for medium to long distance walking exercises in suburban areas of cities, rural areas, or mountains.
Market Development Status Analysis and Prospect Trend Prediction
Market size and growth: As a part of the outdoor shoe market, the hiking footwear market has continued to grow in recent years. According to our research data, the estimated revenue of the global hiking footwear market in 2024 is $7150 million, an increase of 3.03% compared to 2023, and is expected to continue to increase to $8726 million by 2029. The CAGR for 2024-2029 is estimated to be 4.06%.
Brand and Personalization: Well-known brands and personalized products will occupy more market share, and emerging brands also have significant development space.
Consumer trend: Consumers are increasingly valuing comfort and health protection, and hiking footwear designed with ergonomics will be more popular.
Analysis of Market Competition Pattern
From the perspective of market competition, the concentration of the global hiking footwear market is relatively low. According to our data, the total revenue share of the top 3 companies in the hiking footwear market in 2023 was 27.66%. The top 3 companies were Adidas, Nike, and Asics. In 2023, these three companies' revenue in the hiking footwear market accounted for 12.95%, 8.06%, and 6.65% of the global market, respectively.
Global Hiking Footwear Market Revenue Forecast and Competition Pattern Analysis
Source: www.globalmarketmonitor.com
Segmented Market Analysis
From the perspective of product types, hiking footwear can be divided into three categories: men's hiking footwear, women's hiking footwear, and children's hiking footwear. Among them, men's hiking footwear has the highest sales volume. Data shows that in 2024, in the global hiking footwear market, the sales volume of men's hiking footwear is estimated to be 65.01 million pairs, accounting for an estimated 46.23% of sales.
From a regional perspective, the Asia Pacific region is the global largest sales market for hiking footwear. Data shows that the estimated sales volume of hiking footwear in the Asia Pacific region in 2024 is 51.64 million pairs, accounting for an estimated 36.72% of the global total sales volume; The European and North American markets are expected to rank second and third with sales proportions of 25.21% and 24.34%, respectively.
Global Hiking Footwear Sales Volume and Proportion by Type and Region Forecast in 2024
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Sales Volume (Million Pairs)
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Proportion
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Segmented by Type
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Men’s
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65.01
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46.23%
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Women’s
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57.9
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41.18%
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Children’s
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17.70
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12.59%
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Segmented by Region
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North America
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34.22
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24.34%
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Europe
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35.45
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25.21%
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Asia Pacific
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51.64
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36.72%
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South America
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8.81
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6.27%
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Middle East & Africa
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10.50
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7.47%
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Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Hiking Footwear Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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