The North American hiking gear and equipment market is anticipated to grow at a considerable CAGR of 3.9% during the forecast period. Rising consumer attraction towards different outdoor activities such as hiking and trekking is driving the North American hiking gear and equipment market. Further increase of social media influencers and adventure video bloggers is expected to propel the market. However, a potential risk in hiking and uncertain conditions is associated with hiking is likely to restrain the market. Moreover, the rising trend of healthy lifestyle and promotion of adventure tourism by countries in the region is attracting tourists, increasing the demand for hiking products. 

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The North American hiking gear and equipment market is segmented based on the product, end-user, and distribution channel. Based on the product, the market is sub-segmented into sleep solutions, shelter solutions, clothing, footwear, bags & backpacks, and others. Based on the end-user, the market is trifurcated into men, women, and kids. Based on the distribution channel the market is segmented into online and retail stores.

Geographically, the North American hiking gear and equipment market covers the country-level analysis of the US and Canada. The US dominates the market in 2019 and is estimated to continue this trend over the forecast period. Moreover, the North American hiking gear and equipment market report covers the analysis of various players operating in the market. Some of the players operating in the market include VF Corp., Columbia Sportswear Co., Black Diamond Equipment Ltd., Amer Sports Corp., Nike Inc., Adidas AG among others.

Owing to increasing competition in the market, the players in the market adopting various strategies such as mergers and acquisitions and partnership and collaboration that tend to fuel market growth shortly. For instance, in May 2020, a leading online outdoor retailer, Moosejaw, collaborated with Walmart and introduced two inclusivity-focused gear and clothing lines that are Lithic and Allforth; offering high-performance and quality hiking gear and equipment at affordable prices.

Research Methodology

The market study of the North American hiking gear and equipment market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts to bring more authenticity to reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for hiking gear and equipment manufacturers & distributors, seed funders, venture capitalists, start-ups, research organizations, and other related organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation

1. North American Hiking Gear and Equipment Market Research and Analysis by Product
2. North American Hiking Gear and Equipment Market Research and Analysis by End-User
3. North American Hiking Gear and Equipment Market Research and Analysis by Distribution channel

The Report Covers

• Comprehensive research methodology of the North American hiking gear and equipment market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American hiking gear and equipment market.
• Insights about market determinants that are stimulating the North American hiking gear and equipment industry.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.