The Asia Pacific Hiking Gear & Equipment Market would witness market growth of 7.2% CAGR during the forecast period (2023-2030).
Each type of gear serves a specific purpose and contributes to a successful and enjoyable hiking adventure. For example, hiking boots protect the feet from sharp rocks, uneven terrain, and harsh weather conditions. They reduce the probability of injuries, blisters, and discomfort during long hikes. Backpacks allow users to carry essential gear, food, water, and clothing for hikes. They provide organized storage compartments and keep the hands free. Tents and shelter options offer protection from the elements, including rain, wind, and insects. They provide a safe and comfortable place to rest during multi-day hikes.
Sleeping bags keep the user warm during cold nights, ensuring a restful sleep. Insulated pads provide insulation from the ground, preventing heat loss. Moisture-wicking and weather-resistant clothing protects from rain, wind, and UV radiation. Layering allows the user to adapt to changing weather conditions. Compasses and GPS devices help to navigate unfamiliar terrain and stay on course. They are essential for map reading and route planning. Water reservoirs, bottles, and purification methods ensure hydration, especially in hot and arid environments. Therefore, this region's expanding tourism and growing economy will promote the market's growth.
Taiwan has invested in promoting cycling tourism with initiatives like the "Cycling Taiwan" campaign. The country's scenic bike routes and cycling-friendly infrastructure attract cyclists worldwide. India's diverse landscapes offer adventure opportunities such as trekking in the Himalayas, river rafting in Rishikesh, and wildlife safaris in national parks. The country promotes these adventures through state tourism boards and adventure tour operators. These destinations attract travelers seeking memorable and exhilarating regional experiences by marketing their unique offerings and ensuring sustainable practices.
The China market region the Asia Pacific Hiking Gear & Equipment Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $562 million by 2030. The Japan region is registering a CAGR of 6.5% during (2023 - 2030). Additionally, The India region would showcase a CAGR of 7.9% during (2023 - 2030).
Based on Product, the market is segmented into Clothes, Footwear, Backpack, Equipment, and Others. Based on Distribution Channel, the market is segmented into Specialty stores, Retail stores, and online. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Hiking Gear & Equipment Market is Predict to reach $8.7 Billion by 2030, at a CAGR of 6.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Black Diamond Equipment, Ltd., Amer Sports, The North Face (VF Outdoor LLC), Mountain Hardwear(Columbia Sportswear Company), Marmot Mountain, LLC (Newell Brands, Inc.), Equinox Ltd., TATONKA GmbH, Mont-bell Co., Ltd., Big Agnes, Inc. and Exxel Outdoors, LLC
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