According to a new report, published by KBV research, The Global Walking Canes Market size is expected to reach $2.2 billion by 2031, rising at a market growth of 4.9% CAGR during the forecast period. In the year 2023, the market attained a volume of 48,975.9 thousand units, experiencing a growth of 11.9% (2020-2023).
With increasing awareness of environmental issues, there is a growing emphasis on sustainability in the walking canes market. Manufacturers are exploring eco-friendly materials, recyclable components, and sustainable production practices to minimize environmental impact and meet consumer preferences for green products. This approach aligns with sustainability goals and empowers consumers to make environmentally responsible choices when disposing of their walking canes.
The Aged Use segment is registering a CAGR of 4.4 % during the forecast period. With aging comes an increased risk of age-related mobility issues such as arthritis, osteoporosis, and musculoskeletal conditions. These conditions can affect balance, stability, and mobility, making walking canes essential tools for many older adults. As the prevalence of these mobility issues rises with age, so does the demand for walking canes among the elderly population. Thus, these factors will lead to enhanced demand in the segment.
The Wooden segment led the Global Walking Canes Market by Material in 2023; thereby, achieving a market value of $842.1 million by 2031. Wooden walking canes evoke a sense of tradition and elegance, appealing to users who appreciate classic craftsmanship and timeless design. Wood's natural grain patterns and textures add a touch of warmth and sophistication, making wooden canes a popular choice for individuals seeking a traditional and stylish accessory. Thus, these factors will boost the demand in the segment.
The Retail Stores segment is growing at a CAGR of 4.4 % during the forecast period. Retail stores offer consumers various walking cane options, including different styles, materials, colors, and functionalities. By offering diverse product selections, retail stores cater to consumers' varied preferences and needs, allowing them to find the walking cane that best suits their requirements. Hence, the segment will grow rapidly in the coming years.
Full Report: https://www.kbvresearch.com/walking-canes-market/
The North America region dominated the Global Walking Canes Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $751.9 million by 2031. The Europe region is anticipated to grow at a CAGR of 4.5% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 5.4% during (2024 - 2031).
By End Use (Volume, Thousand units, USD Billion, 2020-2031)
By Material (Volume, Thousand units, USD Billion, 2020-2031)
By Distribution Channel (Volume, Thousand units, USD Billion, 2020-2031)
By Geography (Volume, Thousand units, USD Billion, 2020-2031)
Unique Offerings 
