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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.
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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.
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.
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Hiking And Trail Footwear Market Scope |
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Report Coverage |
Details |
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Page number |
163 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.18% |
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Market growth 2024-2028 |
USD 6.17 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
7.45 |
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Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 33% |
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Key countries |
US, Canada, China, Germany, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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. |
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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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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. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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