The North America Hiking Gear & Equipment Market would witness market growth of 6.1% CAGR during the forecast period (2023-2030).
Tour operators and trekking agencies offer guided tours, making planning and undertaking treks easier for individuals. These packages often include transportation, accommodation, and experienced guides. Social media platforms and travel blogs share stunning trekking photos and stories, inspiring others to embark on similar journeys. Trekking destinations often benefit from the influx of tourists, contributing to the local economy and promoting sustainable tourism. Many trekkers view their experiences as opportunities for personal growth, self-discovery, and achievement.
The market has been experiencing growth due to several key factors, reflecting the increasing interest in outdoor activities and the demand for high-quality gear. Awareness of health and wellness led to an interest in physical fitness and spending time in nature. Hiking is seen as a healthy and accessible activity, prompting more people to invest in appropriate gear. Educational institutions and outdoor programs encourage students and participants to engage in outdoor activities. This has boosted the demand for gear among students, educators, and outdoor enthusiasts. Hiking is a significant draw for tourists, especially in regions with scenic landscapes and trekking destinations. Tourists often purchase hiking gear and equipment when exploring new hiking trails.
North America offers countless opportunities for outdoor adventure, from day hikes in national parks to multi-week expeditions in remote wilderness areas. Therefore, the need for hiking gear and equipment in North America is driven by the continent's geographical diversity, challenging environmental conditions, and the desire of outdoor enthusiasts to explore its vast wilderness areas safely and comfortably.
The US market dominated the North America Hiking Gear & Equipment Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,862 million by 2030. The Canada market is showcasing a CAGR of 8.4% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 7.5% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The 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
By Product
By Distribution Channel
By Country
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