Globally, how many people practice hiking, and what is the global market size for this sport?
Thank you for your question on the global market size of hiking and an estimate on the number of people who hike globally. In short, there are over 118.26 million people who hike globally and the global market size for hiking is $12.24 billion. I have detailed my research method to arrive at these numbers below. METHOD The global hiking gear and equipment market is composed of hiking apparel (57.2%), hiking shoes (26.01%) and hiking equipment (16.79%) according to Technavio research. Further, the report estimates the global hiking apparel market at $7 billion. Therefore, the total hiking gear and equipment market can be calculated as 7 billion / 57.2% = $12.24 billion. The Global Hiking Gear and Equipment Market report 2016-2020 published on PR Newswire estimates that 38.67 million hikers were active in the US in 2015. However, having checked all public sources such as Statista, IbisWorld and other reliable research reports, I could not find an estimate for the number of people hiking globally. Therefore, I have estimated the same and explained the calculations below. According to IbisWorld, the hiking and outdoor equipment market in US is $4 billion. Therefore, US holds a 32.7% market share of the world hiking gear and equipment market (4 billion / 12.24 billion = 32.7%). By way of extension of the same proportions to the number of people who hike, we can estimate that the total number people who hike globally would be 38.67 million / 32.7% = 118.26 million i.e. 38.67 million hikers in the US would also comprise 32.7% of the total number of global hikers. CONCLUSION To conclude, there are over 118.26 million people who hike globally and the global market size for hiking is $12.24 billion. I hope the research is useful. Thank you for using Wonder!