Outdoor Footwear Market

Outdoor Footwear Market Outlook (2022-2032)

The global outdoor footwear market value is projected to reach US$ 82.62 billion by 2032-end, with this market accounting for nearly 11%-14% of the global footwear market share. Meanwhile, it is projected to increase at a CAGR of 7.1% over the decade.

Global demand for outdoor footwear enjoyed year-on-year (YoY) growth of 3.7% in 2021 to reach 339.5 Mn pairs and end up at a market value of US$ 38.94 Bn.

Report Attributes	Details
Outdoor Footwear Market Size (2021A)	US$ 38.94 Bn
Estimated Market Value (2022E)	US$ 41.52 Bn
Forecasted Market Value (2032F)	US$ 82.62 Bn
Global Market Growth Rate (2022-2032)	7.1% CAGR
North America Market Share (2021)	~37%
North America Growth Rate (2022-2032)	6.4% CAGR
US Growth Rate (2022-2032)	6.5% CAGR
Market Share of Top 5 Companies	~60.6%
Key Companies Profiled	Nike Adidas VF Corp Puma Skechers Under Armour Asics Corp New Balance Fila Burberry Columbia Wolverine Worldwide Boot Barn Holding Camper Asolo Hoka Bata Decathlon

Demand for outdoor footwear at the global level stood at around 321 million pairs in 2021, accounting for 5% of the global footwear market in terms of volume. The market is poised to expand at a volume CAGR of around 6.2%, with sales projected to reach 618.2 Mn pairs by 2032.

The hiking category grew 3% to 126.5 Mn pairs in 2021, while men’s outdoor footwear was up 2.2% to reach 184.6 Mn pairs.

COVID-19 forced countries across the world to go into lockdowns. However, the outdoor footwear industry, in general, remained immune in some parts of the world as awareness about physical fitness and improving immunity became important.

During the same time, hiking and trail running became one of the favourite activities for citizens who were serious about their physical health and had a bit of adventurous spirit in them, which encouraged them to procure outdoor footwear for their weekend hikes and runs.

Outdoor Footwear Consumption Analysis (2017-2021) Vs. Market Forecast Outlook (2022-2032)

According to detailed market analysis by Fact.MR, a market research and competitive intelligence provider, market value for outdoor footwear over the past half-decade increased at a CAGR of around 1.9%. In 2021, the outdoor footwear market stood at around 321 Mn pairs.

Outdoor footwear utilization in the hiking category accounts for the highest share, which is mainly attributed to the fact that people love to go on longer hiking and trekking trips in their free time.

The hiking category is followed by trail running. This is especially the case since consumers have become aware about the ill-effects of running on pavements, which may lead to weary joints. Trail running, on the other hand, offers a much softer surface to run on, and being easer on one’s joints, helps run longer.

Most significantly, trail running is a lot of fun. People are more likely to find themselves simply engrossed in the joy of jogging rather than trying to keep a precise speed. As a result, one looks forward to street runs as well as soft terrain runs. Trail running adds a little zing to a runner's life. As a result, trail running has remained as one of top two favourite activities of fitness enthusiasts across geographies.

Adventure sports are also promoted by several government bodies in partnership with the United Nations World Tourism Organization (UNWTO). These factors have also increased the appeal of hiking, with more individuals engaging in this health and wellbeing activity around the world.

As a result, demand for hiking gear such as backpacking tents, water bottles, and hydration gear, as well as hiking and trekking footwear, has skyrocketed. Consumers are increasingly looking for innovative and environmentally-friendly technology as demand grows.

Over the past decade, there has been higher inclination towards a healthier lifestyle, especially in Europe and America. Utilization of outdoor footwear, in these regions, is projected to see a significant increase owing to rising awareness of citizens towards adventurous sports.

What Trends Can Outdoor Footwear Manufacturers Capitalize On?

“Rising Urbanization & Need for Outdoor Physical Activities Driving Outdoor Shoe Sales”

With the rise of urbanisation, cities are constantly looking for innovative methods to provide inhabitants with places for adventure sports, and outdoor exercise is one such alternative. Outdoor sports activities such as trail running allow participants to exercise in nature. Running, hiking, and trekking can benefit a wide spectrum of people while also improving their overall physical health.

The global outdoor footwear industry is predicted to rise at a significant rate due to a number of driving factors. Some of them are rising need for young participants to feel secure while participating in outdoor activities, easy availability of products due to Internet connectivity, lavish investments in promotions showing product characteristics, and growing customer awareness about the benefits of recreational activities.

After COVID-19, physical fitness has gained great importance in most people’s lives. Physical activity is necessary for good health and a long life. Natural environs minimise emotional and physiological stress, making outdoor sports and activities more restorative than indoor ones.

Attributed to these factors, outdoor shoes market value is projected to stand at US$ 82.62 Bn by the end of 2032, expanding at a CAGR of 7.1% during 2022-2032.

Country-Wise Analysis

Why Does the U.S. Account for High Consumption of Outdoor Shoes?

“Sales of Hiking Footwear to Surge across the U.S.”

The U.S. outdoor footwear market has been maturing at a rapid pace, owing to the presence of a population with high income levels along with better awareness about environmental health and individual wellbeing, thereby escalating the sales of hiking shoes in 2021.

In terms of revenue, the United States dominates the global hiking footwear market. By 2032, the market is predicted to have grown 2X.

Low-cut hiking footwear sales are surging due to the growing popularity of outdoor activities in the U.S., such as camping, bird watching, wildlife photography, river rafting, and other sports. Owing to this reason, demand for water hiking sandals is on the rise, and the overall water hiking sandals market anticipated to double its market valuation by 2032.

Moreover, high presence of hiking footwear producers in the United States, as well as current hiking footwear trends and expanding trail shoe sales, are causing an escalation in demand for hiking shoes. In addition, the country's beautiful national parks receive a considerable number of visitors.

Owing to the aforementioned factors, the U.S. market is anticipated to remain the primary growth generator during the forecast period, expanding at a CAGR of 6.5%, with the outdoor footwear market size for men anticipated to expand at a CAGR of 4.8% in North America.

Will Europe Remain a Prominent Market for Outdoor Footwear Brands?

“Besides Trekking, Adventure Tourism a Key Market Growth Factor”

In most European countries, interest in hiking, trekking, and trail running activities and/or vacationing is growing. A large percentage of walkers are motivated by the desire to go to isolated locations and immerse themselves in local cultures, cuisine, history, and heritage, as well as gastronomy, cultural qualities, and wellbeing. They are also ecologically sensitive and willing to contribute to local economies.

Hiking and trekking have become more popular across Europe in the last few years. Overall, the pandemic may be viewed as one of the causes for the increased desire to be outside in the short term, owing to the fact that it was one of the few activities that could still be done in parts of 2020 and 2021.

A portion of the "new walkers" will remain in the market and develop their new interest over time, which ultimately gives a boost to the trekking footwear market in the long run.

The market for adventure tourism, on the other hand, has been steadily growing even before the COVID-19 pandemic hit the world, which, in turn, has boosted the backpacking boots market to a great extent. Owing to this reason, demand for backpacking boots is anticipated to grow at higher single-digit growth rate.

Adventure tourism is offered by over 50% of all European tour operators, putting it in third place among the most popular niche markets in Europe. This ratio can reach as high as 80% among European adventure tourism travel firms by the end of the forecast period 2022-32.

Owing to the aforementioned factors, Europe is anticipated to remain a primary growth generator in the running shoes market and hiking footwear market during the forecast period 2022-32. The Europe market is anticipated to expand at a CAGR of 7.9% to reach US$ 22.32 Bn, with demand for outdoor footwear for women anticipated to increase at a CAGR of 9.9% in the region.

Will Outdoor Footwear Suppliers See Lucrative Sales in the U.K. & Germany?

“Demand for Mountaineering Shoes to Experience Rapid Incline”

The United Kingdom is Europe's largest adventure tourism market, accounting for 19% of all adventure travel travellers worldwide. At least one adventure tourism niche market was active in 87% of all British tour companies active in developing countries. After wildlife watching, adventure tourism, including hiking, trekking, and trail running are the most popular tourism products sold in the United Kingdom.

Demand for trekking shoes is on the rise, as the United Kingdom is home to a large number of travel operators who provide walking holidays and activities in other countries.

After the United Kingdom, German adventure travellers account for a sizable portion of the running footwear market. The country attracts 12% of all adventure travel tourists in the world. In 2020-2021, over 17 million individuals in Germany went on a hiking/trekking vacation. The age group that walks the most in Germany is 50–60 years old.

Women, in particular, enjoy hiking in the country, and are anticipated to account for 33.9% market share by 2032, increasing at a CAGR of 9.9% in European countries. Owing to this, the walking footwear market is anticipated to grow at a rapid pace.

According to a study conducted by Beyond Summits, German outbound travellers have a strong desire to go trekking in the outdoors. It's even in second place among all of the favourite things to do. In addition, Germans are highly enthusiastic about Nordic walking. Owing to this reason, the mountaineering shoes market is poised to grow at a rapid rate during 2022-2032.

Category-Wise Analysis

Which Outdoor Footwear Category Drives Most Market Growth?

“Sales of Hiking Footwear to Remain Prominent Over Coming Years”

Hiking is accessible to people of practically any age and on any budget, and it accommodates a wide range of physical impairments. Walking and hiking are wonderful for the back, healthy for the bones, and great for the heart and lungs (particularly uphill). Hiking is an excellent exercise for most people who wish to get out more and be more active.

Hiking is an excellent sport for local training and then travelling to achieve major goals. Many tourists go to national parks, forest service land, big city parks, and other private reserves, where they get to participate in local training treks.

Besides, day hikers, who have been day hiking for a time, might want to step it up a notch. Backpacking trips and treks provide incredible opportunity to hike for days on end, camp in the bushes, and completely immerse oneself in nature.

Many governments have taken steps to regulate hiking routes and locations in order to encourage people to participate in outdoor sports. Hiking, unlike many other outdoor sports, is cost-effective since does not require world-class recreational services or a significant investment in equipment. Besides, hiking shoes are designed to provide a balance between hiking boots and trail running shoes.

Owing to this reason, the outdoor boots market and outdoor sandals market is anticipated to grow at a higher rate.

The hiking and trail footwear market is developing due to rising demand for hiking and trekking shoes, increasing mountaineering footwear market, and rising use of well-designed hiking footwear.

As such, demand for hiking footwear is projected to touch US$ 31.34 Bn over the forecast period, rising at a CAGR of 6% during the same time frame.

Which Sales Channel of Outdoor Footwear Be More Beneficial to Market Players?

“Market Players to Benefit Immensely from Online Sales Channels”

One of the major components contributing to the manufacturing cost of outdoor footwear is logistics and transportation, and to reduce this and make sales profitable, manufacturers are adopting new innovative design technologies, such as usage of recyclable plastics and 3D printing to reduce the overall cost of the footwear.

The growth of direct customer sales channels through the online mode helped grow this innovation, as newer manufacturers were easily able to showcase their products to a larger audience and attract newer customers in target markets.

In recent years, online sales channels have become popular, allowing customers to shop for a variety of products right from their homes.

Owing to this, outdoor footwear sales via the online mode is anticipated to increase at a rapid rate during the forecast period and reach 2X its current market valuation by 2032.

Competition Landscape

Nike, Adidas, VF Corp, Puma, Skechers, Under Armour, Asics Corp, New Balance, Fila, Burberry, Columbia, Wolverine Worldwide, Boot Barn Holding, Camper, Asolo, Hoka One, Bata, and Decathlon are major outdoor footwear companies.

• The NEW Golden Gate ATR from Scarpa is the latest member of the Scarpa Running family. The Rush Trail GTX blends the RUSH platform's adaptability and energy with durability, comfort, structure, and stability. It's a shoe designed for comfort, with features that can help alleviate foot strain while hiking.
• In 2021, the Ortles Couloir boot was launched, which features thermoplastic composites procured from Xenia Materials and developed to deliver both, rigidity and flexibility by the brand. It's a crampon-compatible, ultralight mountain footwear that only weighs 0.7 Kg.

Fact.MR has provided detailed information about the overall strategies adopted by players in the outdoor footwear market along with their detailed overviews of sales analysis of trekking shoes, vital outdoor shoes brands, top hiking boot manufactures, top mountaineering shoe brands, and top mountaineering shoe manufacturers, including SWOT analysis and revenues generated from targeted the outdoor footwear products of top outdoor footwear manufacturers positioned across geographies, in addition to providing sales growth information, production capacity, and speculative production expansion in the recently published report.

Key Segments of Outdoor Footwear Industry Survey

• Outdoor Footwear Market by Category:

  • Outdoor Footwear for Hiking
  • Outdoor Footwear for Trail Running
  • Outdoor Footwear for Trekking
  • Outdoor Footwear for Mountaineering
  • Approach Outdoor Footwear

• Outdoor Footwear Market by Consumer Orientation:

  • Outdoor Footwear for Men
  • Outdoor Footwear for Women
  • Unisex Outdoor Footwear
  • Outdoor Footwear for Kids

• Outdoor Footwear Market by Sales Channel:

  • Offline Sales of Outdoor Footwear
    • General Merchandise Store
    • Shoe Stores
      • Independent Shoe Stores
      • Franchised Shoe Outlet
    • Modern Trade Channel
    • Exclusive Brand Outlet
    • Others
  • Online Sales of Outdoor Footwear
    • Direct-to-customer/Brand Website
    • e-Commerce Websites

• Outdoor Footwear Market by Region:

  • North America Outdoor Footwear Market
  • Latin America Outdoor Footwear Market
  • Europe Outdoor Footwear Market
  • East Asia Outdoor Footwear Market
  • South Asia & Oceania Outdoor Footwear Market
  • Middle East & Africa Outdoor Footwear Market