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Hiking Shoes Projected To Reach Around US$ 12 Billion By 2031

According to a recent study of the global hiking footwear market by Fact.MR, the market will  reach a valuation of approximately $18 billion  in 2020,  which equates to approximately 4%  share of the overall footwear market. Hiking Shoes sales are projected to exceed $25 billion  by 2031,  growing at a CAGR of  3% . The demand for  hiking shoes  is projected to grow faster, at a CAGR of  4%  during the assessment period 2021-2031 .

The latest market research report analyzes the hiking shoes market demand by different segments. It provides business leaders with insight into hiking footwear and ways to increase market share.

Click here to get sample report (with full TOC, tables and figures):- https://www.factmr.com/connectus/sample?flag=S&rep_id=232

Key Takeaways from Market Study

“Lifestyle of the urban population worldwide has been witnessing continuous alternations, with increasing participation in adventure tourism as well as leisure vacations. This has further led to tremendous surge in the requirement for equipment for adventure trips, including hiking footwear,” says a Fact.MR analyst.

Key Segments Covered in Hiking Shoes Industry Research

Market Competition

Key hiking footwear businesses are using a combination of organic and inorganic techniques to improve penetration across valuable markets. These techniques include brand launches, alliances and agreements with notable hiking footwear suppliers, acquisitions, and the expansion of regional and global distribution networks.

Leading market players are adopting novel strategies such as ground-breaking marketing tactics, opening of new retail outlets, technical developments, and mergers and acquisitions.

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