Global hiking gear and equipment market is anticipated to grow at a considerable CAGR of 4.3% during the forecast period (2020-2026). The market growth is mainly attributed to the increase in outdoor activities across the globe. 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.
(Get 15% Discount on Buying this Report)
Get Report Sample Copy @ https://www.omrglobal.com/request-sample/hiking-gear-and-equipment-market
Increasing adventure tourism by countries such as different treks and mountains in Asia-Pacific including the Himalayas in Nepal and Cameron Highlands in Malaysia is resulting in the participation of hiking enthusiasts as well as amateurs. This has resulted in the rise in demand for hiking equipment. Besides, the shift in opting fit and healthy lifestyle in addition to the rising rate of urbanization has also positively impacted the hiking gear and equipment market. Further, it is also driving recreational outdoor activities, thus causing a boost in demand for hiking gear and equipment.
A Full Report of Global Hiking Gear and Equipment Market is Available at: https://www.omrglobal.com/industry-reports/hiking-gear-and-equipment-market
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?
Global Hiking Gear and Equipment Market Report Segment
- Sleep Solution
- Shelter Solution
- Bags & Backpack
By Distribution Channel
- Retail Stores
Global Hiking Gear and Equipment Market Report Segment by Region
- United States
- Rest of Europe
- Rest of Asia-Pacific
Rest of the World
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/hiking-gear-and-equipment-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: [email protected]
Contact no: +91 780-304-0404