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.
Browse the full report description of "North American Hiking Gear and Equipment Market Size, Share & Trends Analysis Report by Product (Sleep Solution, Shelter Solution, Clothing, Footwear, Bags & Backpacks, and Others), By End-User (Men, Women, and Kids), By Distribution Channel (Online and Retail Stores) Forecast Period 2020-2026" at https://www.omrglobal.com/industry-reports/north-american-hiking-gear-and-equipment-market
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.
Market Coverage
o By Product
o By End-User
o By Distribution Channel
o North America
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
North American Hiking Gear and Equipment Market Report Segment
By Product
By End-User
By Distribution Channel
North American Hiking Gear and Equipment Market Report Segment by Region