Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) -- The "Global Hiking and Trail Footwear Market 2024-2028" report has been added to ResearchAndMarkets.com's offering.
The latest market intelligence study forecasts a promising expansion trajectory for the global hiking and trail footwear industry, highlighting an anticipated growth of USD 6.17 billion during the 2023-2028 period. According to the study's extensive analysis, the market is accelerating at a compound annual growth rate (CAGR) of 8.18%, signaling robust industry dynamics and consumer enthusiasm.
In a recent research publication added to our comprehensive database, the industry's advancements are meticulously dissected, offering stakeholders a detailed outlook on market size, breakthrough trends, driving forces, and the competitive environment. This report aims to equip industry participants with strategic insights and an in-depth understanding of the hiking and trail footwear market to inform decision-making and growth strategies.
The market escalation is principally driven by an upsurge in high-end hiking and trail running footwear, augmented engagement in outdoor pursuits, and increasing advocacy from various associations. These key trends underscore a shifting consumer focus towards outdoor recreation and the demand for specialized footwear that supports such lifestyles.
The market is categorized into the following segments:
- Hiking footwear
- Trail running footwear
Notably, distribution channels also influence the market's texture, distinguishing between:
- Offline channels
- Online platforms
Geographically, the report identifies key regions contributing to market growth:
- Europe
- North America
- Asia-Pacific (APAC)
- South America
- Middle East and Africa
Eco-Friendly Footwear Spurs Market Growth Alongside Online Retail Innovation
An increasing consumer inclination towards sustainable products has positioned eco-friendly footwear as a catalyst in the hiking and trail footwear market expansion. Furthermore, the ascent of online retailing channels and the rising popularity of maximalist hiking and trail shoes are poised to generate substantial demand within this sector.
This meticulously curated market report delineates the competitive landscape, offering a granular examination of established industry players. The analysis shines a spotlight on their market positioning, aiding clients in the identification and pursuit of new market opportunities. Amidst the comprehensive analysis, the report telegraphs pertinent upcoming trends and industry challenges, arming businesses with the foresight needed to capitalize on imminent growth prospects.
Conducted with a balanced mix of primary and secondary research and incorporating insights from key industry figures, the report serves as a beacon of reliability and authority. The gathered data, both extensive and exhaustive, has been synthesized to present an actionable market and vendor landscape, reaffirming the value of strategic planning in leveraging future growth opportunities.
The hiking and trail footwear market's promising outlook embodies a confluence of innovation, ecological awareness, and the vigor of outdoor sports enthusiasts, marking the segment as a ripe avenue for investment and engagement over the coming years.
A selection of companies mentioned in this report includes
- Adidas AG
- ANTA Sports Products Ltd.
- ASICS Corp.
- BOREAL
- Columbia Sportswear Co.
- Deckers Outdoor Corp.
- Frasers Group plc
- GALAXY UNIVERSAL LLC
- KEEN Inc.
- La Sportiva Spa
- Lukas Meindl GmbH and Co. KG
- Nike Inc.
- PUMA SE
- Red Wing Brands of America Inc.
- Skechers USA Inc.
- Tecnica Group SpA
- Under Armour Inc.
- VF Corp.
- Wildcraft India Pvt. Ltd.
- Wolverine World Wide Inc.
For more information about this report visit https://www.researchandmarkets.com/r/bid32t
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