Hiking Footwear Market

Hiking Footwear Market Outlook (2023 to 2033)

As per the latest industry research report on the global hiking footwear market published by Fact.MR, worldwide sales of hiking footwear reached US$ 1.91 billion in 2022. The global market is projected to expand at a CAGR of 3.1% and reach US$ 26.73 billion by 2033-end.

Rising number of people indulging in various adventure sports, including rock climbing, mountain biking, cave exploring, etc., is expected to boost the demand for hiking footwear over the coming years. These shoes help safeguard the feet from slippery and debris landscapes.

• Sales of hiking footwear through direct-to-customer online channels are forecasted to increase at a CAGR of 5.1% and reach US$ 8.63 billion by 2033.
• Demand for hiking footwear in the United States is predicted to increase at a CAGR of 3.9% and reach a market value of US$ 8.63 billion by 2033.

Hiking footwear protects ankles and feet while walking in rough terrain. These shoes ensure a good grip and are light enough for effortless movement. Various archaeological sites and ancient monuments are receiving a rising number of visitors, which is also boosting demand for hiking footwear. Visitors need to walk for long hours to explore these places.

Increasing number of researchers who are involved in the study of forests and wildlife is propelling the demand for hiking footwear as it protects them from different insects and provides excellent grip. Moreover, the increasing number of tourist hotspots across the globe that have hiking places for visitors is also predicted to bolster demand for hiking footwear.

Many people, around the world, are using hiking shoes due to their involvement in fishing, hunting, and spending days and nights in rough conditions in the wilderness.

• According to the ‘2019 Special Report on Fishing’ by the Outdoor Foundation, 49.4 million people headed to rivers, oceans, streams, and lakes for fishing in the United States in 2018.

Various fitness enthusiasts, who exercise in nature generally use hiking footwear as it protects them from slipping. However, the inclination of many people toward substitute products, including regular boots, running shoes, etc., for hiking purposes is predicted to restrain demand for hiking footwear.

Fact.MR, a provider of market research and competitive intelligence, mentioned certain key parameters in detail in its recently published research report on the global market.

Report Attributes	Details
Hiking Footwear Market Size (2023)	US$ 19.70 Billion
Projected Market Value (2033)	US$ 26.73 Billion
Global Market Growth Rate (2023 to 2033)	3.1% CAGR
China Market Value (2033)	US$ 4.49 Billion
United Kingdom Market Value (2033)	US$ 1.84 Billion
United States Market Growth Rate (2023 to 2033)	3.9% CAGR
Hiking Shoes Segment Value (2033)	US$ 9.92 Billion
Key Companies Profiled	New Balance Inc. Adidas AG VF Corporation Mizuno Corporation NIKE Inc. Sketchers USA Inc. Deckers Outdoor Corporation Amer Sports Corporation Wolverine World Wide Inc. PUMA SE Under Armour Inc.

What is Fueling the Demand for Hiking Shoes Globally?

“Growing Popularity of Hiking as Outdoor Recreational Activity”

Hiking is one of the popular outdoor recreational activities that is gaining the attention of millions of hiking enthusiasts across the globe. Further, it offers distinct excitement and thrill, especially for youngsters. Over the past few years, the number of participants has been increasing in these recreational activities. Hiking helps in getting closer way to nature and revitalizes the mind and body.

Governments from various countries are taking initiatives to manage hiking trails and spots to encourage people toward outdoor activities. Hiking is pocket-friendly and does not require extensive expenditure on equipment or world-class leisure services. Therefore, rising demand for trekking and hiking shoes, growing use of numerous well-designed hiking footwear, and increasing sales of mountaineering boots are contributing to market growth.

“Flourishing Adventure Tourism Industry in Several Regions”

Significant growth in the adventure tourism industry is predicted to create opportunities for prominent players in the target market. Adventure travel is becoming a crucial part of the tourism experience. Many consumers are scouting for authentic experiences due to the increasing move toward a globalized milieu.

Young travelers are inclined to get unique adventure experiences by exploring difficult-to-reach destinations or remote locations, including mountains, canyons, and sub-tropical ranges. However, a detailed understanding of hiking rules and physical fitness is crucial for adventure traveling. Thus, the increasing involvement of several people in adventure activities is propelling demand for different types of hiking footwear.

Which Aspects are Projected to Limit the Sales Growth of Hiking Footwear?

“High Cost and Lack of Consumer Awareness Limiting Adoption of Hiking Shoes”

Sales of trekking and hiking footwear are restrained due to the lack of awareness about them. It is very difficult to convince consumers to purchase trail running and hiking footwear when they can use their regular shoes for hiking.

The high cost of hiking boots is also predicted to limit their sales. Compared to traditional shoes, trekking and hiking shoes are more expensive. Further, premium hiking footwear comes with less appealing designs, and buyers with higher preferences for design do not opt for hiking shoes.

What Strategy is Being Adopted by Start-ups to Become Competitive in the Market?

“Production of Eco-friendly Hiking Footwear by New Companies”

Many consumers around the world are shifting toward eco-friendly products. They are inclined to minimize carbon footprints. Therefore, new vendors of hiking footwear are expected to concentrate on the development and promotion of eco-friendly trail running and hiking shoes. Start-ups are predicted to use faux leather along with ethically sourced synthetic material to produce a wide variety of eco-friendly footwear.

Country-wise Insights

Why is the United States a Profitable Market for Hiking Footwear Manufacturers?

“Ever-increasing Involvement of Americans in Outdoor Activities”

Sales of hiking footwear in the United States are projected to expand at a CAGR of 3.9% and reach US$ 8.63 billion by 2033. The rising popularity of numerous outdoor activities, including camping, wildlife photography, river rafting, bird watching, etc., is predicted to contribute to increasing sales of low-cut hiking footwear.

Presence of several prominent hiking footwear manufacturers in the United States, growing sales of trail shoes, and the latest trends in hiking footwear are driving market growth opportunities. Moreover, national parks in the United States are attracting visitors interested in hiking activities, which is propelling the demand for specific footwear.

What is Contributing to the Popularity of Hiking Footwear in the United Kingdom?

“Presence of Stunning Mountain Sites for Hiking Activities”

The United Kingdom market is forecasted to advance at a CAGR of 2.2% and reach a value of US$ 1.84 billion by the end of the projected period.

Presence of numerous stunning mountain sites in the United Kingdom is predicted to lead to increasing hiking activities and thus fueling sales of hiking footwear. Also, increased penetration and acceptance of mountaineering in the UK are expected to boost sales of hiking footwear.

Why are Hiking Footwear Manufacturers Investing in Japan and South Korea?

“Rising Interest of People in Outdoor Activities in These Countries”

Sales of hiking footwear in Japan are projected to increase at a CAGR of 1.8% and reach a valuation of US$ 1.23 billion by 2033. Demand for hiking footwear in South Korea is predicted to expand at a 1.2% CAGR and reach US$ 775.14 million by the end of the forecast period.

Rising disposable income of various people from Japan and South Korea is increasing their spending capacity on tourism and adventurous activities, which is further boosting demand for hiking footwear. In addition, rising urbanization along with growing interest in numerous outdoor activities is also bolstering sales of hiking footwear.

Category-wise Insights

What Makes Hiking Shoes a Popular Choice Among Consumers Globally?

“High Durability & Protective Features of Hiking Shoes”

Demand for hiking shoes is forecasted to increase at a CAGR of 3.7% and reach a valuation of US$ 9.92 billion by 2033.

Hiking shoes are specifically designed to ensure a balance between trail running shoes and hiking boots. Hiking shoes are protective and highly durable. Prominent manufacturers provide multiple models, including non-waterproof trekking shoes, waterproof hiking footwear, etc. Hiking shoes are prominently used for long-distant lightweight hiking, moderate backpacking, and day hikes.

Which Sales Channel Accounts for Higher Market Revenue?

“Prominent Hiking Footwear Suppliers Selling through Direct-to-Customer Online Channels”

Sales of hiking footwear through direct-to-customer online channels are predicted to expand at a CAGR of 5.1% and reach US$ 8.63 billion by the end of 2033.

Easy availability of prominent hiking footwear brands on e-Commerce platforms is gaining momentum. Online shopping is becoming a noteworthy part of the hiking footwear industry due to the rising use of the internet and globalization.

Some key players are entering into collaborations with many e-Commerce platforms to expand their reach to consumers at distant locations. Rising dependency on mobile and online shopping is projected to boost sales of hiking footwear through direct-to-customer online channels

Key Market Players

Prominent suppliers of hiking footwear are investing in strengthening their supply chain management systems, providing and developing quality products, maintaining product standards, etc.

The market players are taking various strategic initiatives, including acquisitions, mergers, etc., to expand their footprints around the world.

For instance :

• Lowa acquired Rika Sports S.r.l. in August 2019. The latter is an Italian producer of sports footwear, including hiking wear. This acquisition is projected to help Lowa in upsurging its labor force.

Key players in the hiking footwear market are New Balance Inc., Adidas AG, VF Corporation, Mizuno Corporation, NIKE Inc., Sketchers USA Inc., Deckers Outdoor Corporation, Amer Sports Corporation, Wolverine World Wide Inc., PUMA SE, and Under Armour Inc.

Segmentation of Hiking Footwear Industry Research

• By Product Type :

  • Trail Shoes
  • Hiking Shoes
  • Approach Shoes
  • Mountaineering Boots
  • Hiking Boots

• By Design :

  • Low Cut
  • Mid Cut
  • High Cut

• By Sales Channel :

  • Independent Sports Outlets
  • Franchised Sports Outlets
  • Direct-to-Customer Brand Outlets
  • Modern Trade Channels
  • Direct-to-Customer Online Channels
  • Third-party Online Channels
  • Direct-to-Customer Institutional Channels

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa