The UK hiking gear and equipment market is anticipated to grow at a considerable CAGR of 3.5% during the forecast period (2020-2026). The market growth is mainly attributed to the increase in outdoor activities across the country. The importance of outdoor sporting events has been increasing gradually over the years due to fitness trends, health consciousness, and recreational activities.
The UK is the fifth-largest economy globally with a population of 67 million (as per UN) and a GDP of $2.82 trillion (as per the World Bank) in 2019. Further, the per capita income of the country is around $42,000 in 2019 which makes the disposable income of the country one of the highest in Europe. This is also indirectly responsible for the high demand for outdoor products, hence assisting the market growth. According to UNWTO, the UK consist of the largest market for adventure tourism in Europe. This accounts for nearly 19.0% of adventure travel tourists globally. Moreover, around 40% of British tourists and 45% of British teenagers prefer active vacations.
Browse the full report description of "UK 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/uk-hiking-gear-and-equipment-market
Market Coverage
o By Product
o By End-User
o By Distribution Channel
o UK
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected segment
UK Hiking Gear and Equipment Market Report Segment
By Product
By End-User
By Distribution Channel
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