The global trekking pole market is projected to reach $89.2 million by 2028, at a CAGR of 3.5% during 2023-2028. The growth of trekking pole market is driven by increasing number of camping sites, field trips, and outdoor activities and rising number of environment friendly products introduced by the manufacturers across the globe.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the trekking pole market by product
(metal, carbon fibers, wood, aluminum, and rubber), sales channel (specialty
stores, online retail, and others), application (outdoor climbing, hiking
plains, daily use, and games), and region (North America, Europe, Asia Pacific,
and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the trekking pole market?
Q.4 What are some
changing demands of customers in the trekking pole market?
Q.5 What are the new
developments in the trekking pole market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this trekking pole area and how big of a
threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this trekking pole market?
Market Segmentation:
Based on product, the
trekking pole market is segmented into metal, carbon fibers, wood, aluminum,
and rubber. The carbon fiber segment accounted for the largest share of the
market in 2023 and is expected to register the highest CAGR during the forecast
period, due to the frequent usage of carbon based poles among trekkers owing to
its lightweight and stiffness.
North America will
remain the largest region due to the growing percentage of new hiking routes
and increasing number of hikers in the region.
Key Players in the
trekking pole market are BAFX Products, Cascade Mountain Tech, Black Diamond,
Himal, and Sterling Endurance.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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