According to the report titled ‘Global Hiking Market Size study, by Type (Island, Landscape, Polar Region, Others), by End-Users (Millennial, Generation X, Baby Boomers, Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global hiking market is expected to record strong CAGR through 2027.
 

Advantages such as mental strengthening, improvement in bone density and physical health, lower levels of cholesterol and stress, mood upliftment, and decrease in level of depression are primarily driving the growth of global hiking market.
 

For those uninitiated, hiking is an outdoor activity which involves walking on trails across the countryside while admiring the beauty of nature, thereby rejuvenating brain and body. It is an adventurous activity that improves stamina, mental and physical wellbeing, and cuts down fat in the body. Consumer inclination towards adventure and offbeat holidays and travel in their leisure time is augmenting global hiking market size.
 

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Worldwide hiking market has seen a tremendous decline due to the COVID-19 outbreak owing to lockdown situation and social distancing around the world. Hiking is an important component of the tourism industry, which is highly impacted by the pandemic and sustained heavy losses. According to World Tourism Organization (UNWTO), few million jobs are lost amidst pandemic with 96% destination across the world imposing tourist limitations, which negatively impacted tourism industry.
 

On the bright side, a growth in the hiking sector will be observed with the decrease in COVID-19 cases across the world, as individuals prepare to go on outings post lockdowns and other restrictions. However, availability of other adventurous options as well as poor physical health of individuals are likely to act as restraining factors for worldwide hiking industry landscape over the study period.
 

Citing the regional landscape, worldwide hiking market sphere is segmented into Europe, North America, Latin America, Asia Pacific, and Rest of the World. The report claims that North America currently holds significant market share and is anticipated to expand further over the assessment period, as the region is surrounded by islands, waterbodies, and has a good weather throughout the year.
 

Meanwhile, Asia Pacific hiking market is slated to grow substantially through 2027, on account of rising cognizance about health, growing pollution in cities, and enhancing hiking facilities.
 

Major contenders influencing global hiking market trends are Exodus Travels Limited, Al Tayyar Travel Group (Seera), Tauck, Abercrombie & Kent, Scott Dunn, Lindblad Expeditions Holdings Inc., Cox & Kings Ltd., Jet2Holidays Limited, Thomas Cook Group PLC, and TUI Group.