Market Overview:
The Global Hiking Boots Market size was valued at USD 8,356.51 Million in 2022 and is projected to reach USD 12,922.19 Million by 2030, growing at a CAGR of 5.60% from 2022 to 2030.
Hiking boots are specially designed footwear to protect the feet and ankles while walking on rough and challenging terrains. These boots offer protection against bruising and abrasion, cushioned soles, and good traction on rough, slippery, steep, wet, and muddy surfaces.
Major Key Players:
- Adidas AG (Germany)
- Wolverine World Wide (US)
- Amer Sports Corporation (Finland)
- NIKE Inc. (US)
- Skechers USA Inc. (US)
- Mizuno Corporation (Japan)
- VF Corporation (US)
- New Balance Inc. (US)
- Under Armour Inc. (US)
- Puma SE (Germany)
- Other Major Players
Market Drivers and Opportunities:
Availability Of Different Types Of Hiking Boots: The market growth of hiking boots is promoted by the availability of various types of boots that cater to hikers' diverse preferences and requirements. Different terrains, weather conditions, and length of hikes demand specific features in the boots. For example, lightweight boots may be preferred for day hiking, while rugged and durable boots are necessary for tough terrains or multi-day hikes. Manufacturers invest in research and development to enhance boot materials, design, and functionality, including waterproof membranes, breathable fabrics, advanced traction systems, and lightweight construction. This constant innovation and technological development diversify the range of hiking boots, attracting consumers seeking better performance and comfort.
Growth of Adventure Tourism: The rise of adventure tourism, including activities like trekking, hiking, mountain climbing, and camping, has created opportunities for the hiking boots market. Adventure travelers require proper equipment, including hiking boots, to ensure a comfortable and safe experience during their outdoor adventures. As more people seek unique and exciting travel experiences, the demand for adventure tourism and appropriate equipment, such as hiking boots, increases. The global adventure tourism market was estimated at approximately 288 billion U.S. dollars in 2021, indicating significant potential for the hiking boots market.
Recent Developments:
- In April 2023, Saucony Launched its First Hiking Boot After 125 Years, called the Ultra Ridge GTX.
- In February 2023, Timberland launched Greenstride Motion 6 hiking boots, a line of nature-ready footwear blending hiking boots with more relaxed designs and lightweight comfort soles.
Hiking Boots Market Segmentation:
By Type
- Day hiking boots
- Heavyweights boots
- Backpacking boots
By Distribution Channel
- Hypermarket/Supermarket
- Shoe Stores
- Online Stores
By End User
- Men
- Women
- Kids
The Hiking Boots market segments cover Types, Distribution channels, and End-User. The online segment is anticipated to dominate the market over the forecast period. With globalization and increased internet penetration, online shopping has become a significant part of the hiking boots market. Online platforms offer convenience and accessibility, allowing consumers to browse and purchase hiking boots from the comfort of their homes or on the go. The 24/7 availability of online platforms and access to customer reviews and ratings further drive the growth of the market through the online segment.
For this report, Introspective Market Research has segmented the Hiking Boots Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America is expected to dominate the market during the forecast period. The region's growing outdoor activities, such as birdwatching, camping, and nature photography, contribute to the increased consumption of hiking boots. The presence of hiking boot manufacturers, the popularity of national parks, and the latest hiking boot trends also drive market growth in North America.
North America
- US
- Canada
- Mexico
Eastern Europe
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Russia
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
