Market Outlook
According to this report, the India hiking shoes market size reached a value of USD 0.85 billion in 2023. Aided by the increasing popularity of outdoor activities and the growing awareness of the benefits of hiking, the market is projected to further grow at a CAGR of 5.6% between 2024 and 2032 to reach a value of USD 1.39 billion by 2032.Hiking shoes are specialised footwear designed to provide stability, support, and comfort for individuals engaging in outdoor activities such as hiking and trekking. These shoes are essential for protecting the feet from rough terrains, enhancing grip, and reducing the risk of injuries. The key benefits of hiking shoes include durability, water resistance, and enhanced traction, making them indispensable for both amateur and professional hikers.
The increasing consumer preference for outdoor activities is driving the India hiking shoes market growth. With the growing interest in adventure sports and nature exploration, there has been a significant rise in the number of individuals participating in hiking and trekking activities. This trend is further supported by the rising disposable income and the growing trend of health and fitness, leading to a surge in demand for hiking shoes. Additionally, the increasing awareness of the physical and mental health benefits associated with outdoor activities has further contributed to the market's growth.
The expanding applications of hiking shoes in various activities also play a significant role in propelling the market. In addition to hiking and trekking, these shoes are widely used for other outdoor activities such as camping, backpacking, and mountain climbing. The versatility of hiking shoes makes them a popular choice among outdoor enthusiasts, driving their demand in the market.
Further, the growing focus on product innovation and technological advancements in footwear design has led to the development of hiking shoes with enhanced features such as improved cushioning, better ankle support, and advanced waterproofing technologies. These innovations have significantly improved the performance and comfort of hiking shoes, making them more appealing to consumers. This trend is expected to boost the market in the coming years, consequently driving up the India hiking shoes market share.
One of the primary benefits of hiking shoes is their ability to provide enhanced stability and support. The sturdy construction and ergonomic design of hiking shoes help to stabilise the feet and ankles, reducing the risk of injuries on uneven terrains. This focus on stability and support is driving the demand for high-quality hiking shoes among outdoor enthusiasts.
Hiking shoes are designed to protect the feet from rough terrains and harsh environmental conditions. The durable materials and reinforced construction of hiking shoes provide protection against rocks, roots, and other obstacles, ensuring the safety and comfort of hikers. The durability of hiking shoes makes them a valuable investment for individuals who frequently engage in outdoor activities.
As per the India hiking shoes market analysis, advancements in footwear design and technology have greatly improved the performance and comfort of hiking shoes. Innovations such as advanced cushioning, breathable materials, and waterproof technologies have enhanced the functionality and appeal of hiking shoes. These technological improvements have helped to overcome many of the challenges associated with traditional hiking footwear and have positioned the industry for future growth.
The economic growth and rising disposable income in India are contributing to the increased demand for hiking shoes. As consumers have more disposable income, they are willing to spend on high-quality outdoor gear, including hiking shoes. This economic prosperity is supporting the growth of the hiking shoes market in the region.
Market Segmentation
The market can be divided based on design, distribution channel, end user, and region.Market Breakup by Design
- Low Cut
- Mid Cut
- High Cut
Market Breakup by Distribution Channel
- Offline Retail Stores
- Online Retail Stores
Market Breakup End User
- Men
- Women
- Kids
Market Breakup by Region
- North India
- East and Central India
- West India
- South India
Competitive landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in India hiking shoes market. some of the major players explored in the report are as follows:- PUMA SE
- NIKE, Inc.
- Adidas AG
- Decathlon Sports India Pvt Ltd.
- Aero Group
- Leayan Global Pvt. Ltd.
- VF corporation
- Bata India Limited
- Skechers South Asia Pvt. Ltd.
- Others
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions6 Market Snapshot7 Opportunities and Challenges in the Market15 Key Trends and Developments in the Market
3 Report Description
5 Executive Summary
8 India Hiking Shoes Market Overview
9 India Hiking Shoes Market by Design
10 India Hiking Shoes Market by Distribution Channel
11 India Hiking Shoes Market by End User
12 India Hiking Shoes Market by Region
13 Market Dynamics
14 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- PUMA SE
- NIKE, Inc.
- Adidas AG
- Decathlon Sports India Pvt Ltd.
- Aero Group
- Leayan Global Pvt. Ltd.
- VF corporation
- Bata India Limited
- Skechers South Asia Pvt. Ltd.
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 196 |
Published | June 2024 |
Forecast Period | 2024 - 2032 |
Estimated Market Value ( USD | $ 0.9 Billion |
Forecasted Market Value ( USD | $ 1.39 Billion |
Compound Annual Growth Rate | 5.6% |
Regions Covered | India |
No. of Companies Mentioned | 9 |