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.
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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 consists 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.
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Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered-
- By Product
- By End-User
- By Distribution Channel
- Regions Covered- UK
- Competitive Landscape- VF Corp., Black Diamond Equipment Ltd., AMG Group Corp., Amer Sports Corp., Adidas AG
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
UK Hiking Gear and Equipment Market Report Segment
By Product
- Sleep Solution
- Shelter Solution
- Clothing
- Footwear
- Bags & Backpack
- Others
By End-User
- Men
- Women
- Kids
By Distribution Channel
- Online
- Retail Stores
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