Hiking Gear and Equipment Market Size, Share and Growth Forecast 2024-2032
The Hiking Gear and Equipment Market has demonstrated notable growth, with its size reaching USD 6.8 billion in 2023. This market is projected to continue expanding, expected to reach USD 10.9 billion by 2032, which indicates a compound annual growth rate (CAGR) of 5.2% during the period from 2024 to 2032. The increasing popularity of outdoor activities and a growing interest in hiking among various demographics are key factors driving this growth. As more individuals seek adventure and connection with nature, the demand for high-quality hiking gear and equipment is anticipated to rise, further fueling market expansion.
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