North American Hiking Gear and Equipment Market Research and Forecast 2020-2026
The North American hiking gear and equipment market is anticipated to grow at a considerable CAGR of 3.9% during the forecast period (2020-2026). The market growth is mainly attributed to the increase in outdoor activities across the region. The importance of outdoor sporting events has been increasing gradually over the years due to fitness trends, health consciousness, and recreational activities. According to the outdoor foundation, there is an increase in outdoor activities in the US due to the COVID-19 pandemic. Most sought after outdoor activities include hiking, cycling, and running, hiking being the fourth most popular activity in the US. This has increased the demand for hiking products hence fuelling the market growth.
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Effective marketing by the hiking gear and equipment manufacturer through social media especially hiking boots has increased the popularity of the hiking products in the region. In North America, social media is most popular in the young generation that is millennials and generation Z, which creates a large share of the consumer base for hikers in the market. Canada is one of the most popular destinations for trekking and hiking due to the presence of well-known hilly areas. According to Statistics Canada, almost three out of four Canadian households (72%) reported that someone in the household had participated in outdoor activities close to home. High participation will propel the demand for hiking products in the region.
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Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered-
o By Product
o By End-User
o By Distribution Channel
- Regions Covered- North America
- Competitive Landscape- VF Corp., Columbia Sportswear Co., Black Diamond Equipment Ltd., Amer Sports Corp., Nike Inc., Adidas AG
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
North American Hiking Gear and Equipment Market Report Segment
By Product
- Sleep Solution
- Shelter Solution
- Clothing
- Footwear
- Bags & Backpack
- Others
By End-User
- Men
- Women
- Kids
By Distribution Channel
- Online
- Retail Stores
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North American Hiking Gear and Equipment Market Report Segment by Region
- United States
- Canada
Company Profiles
- Adidas AG
- Amer Sports Corp.
- American Recreation Products, Inc.
- AMG-Group Ltd.
- Big Agnes, Inc.
- Columbia Sportswear Co.
- Decathlon S.A.
- Deuter Sport GmbH
- Equinox Ltd.
- Hilleberg the Tentmaker, Inc.
- Johnson Outdoors Inc.
- Kelty (Exxel Outdoors, LLC)
- NEMO Equipment, Inc.
- Osprey Packs, Inc.
- VF Corp.
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