Good sport: Investments in the state's tourism economy will spur industry growth

The Sporting Goods Stores industry in Colorado has gradually climbed over the five years to 2018 as state residents and tourists took advantage of Colorado's beautiful outdoor geography and recreational activities. According to data provided by the Outdoor Industry Association, more than 70.0% of Colorado residents participate in outdoor recreation activities annually, which is substantially higher than the national average. This has benefited the Sporting Goods Stores industry as increased activity in the state requires consumers to purchase equipment and other products from industry establishments. Furthermore, consumer spending in Colorado has increased an annualized 3.9% over the five years to 2018...purchase to read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
2.5%
Forecast Growth 18-23
Profit
Employment
11,602
Businesses
1,341

Industry Threats & Opportunities

  • Colorado’s winter sports markets experienced a few seasons of light snowfall that decreased demand for winter sports
  • Additional Insights for the Sporting Goods Stores in Colorado Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Sporting Goods Stores in Colorado Industry are

  • Production of goods currently favored by the market
  • Management of seasonal production
  • Attractive product presentation
  • IBISWorld analysts also discuss how external factors such as Consumer Spending in Colorado and Participation in sports in the Sporting Goods Stores in Colorado industry impact industry performance..

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    What's in this report

    What is the Sporting Goods Stores in Colorado Industry?

    Operators in the Sporting Goods Stores industry primarily retail new sporting goods, including bicycles, camping equipment, exercise and fitness equipment, apparel, footwear and other goods and accessories. Products are sourced from sporting goods manufacturers and wholesalers and then sold to the general public via retail stores. Department stores, mass merchants and retailers that exclusively sell apparel are not included in this industry.

    Industry Products
  • Firearms and hunting equipment
  • Ski and snowboard equipment
  • Other sporting equipment
  • Athletic footwear
  • Athletic apparel
  • Industry Activities
  • Athletic uniforms retailing
  • Bicycle (except motorized) retailing
  • Bowling equipment and supply retailing
  • Diving equipment retailing
  • Exercise equipment retailing
  • Fishing supply retailing
  • Golf equipment and supply retailing
  • Other sporting goods (e.g. scuba, skiing and outdoor) retailing
  • Saddlery retailing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer Spending in Colorado
  • Participation in sports
  • Number of adults aged 20 to 64 in Colorado
  • Time spent on leisure and sports
  • External competition for the Sporting Goods Stores industry

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Sporting Goods Stores in Colorado Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Sports Coaching
  • Physical Therapists
  • Orphanages & Group Homes
  • Ski & Snowboard Resorts
  • Gym, Health & Fitness Clubs
  • Civic, Social & Youth Organizations
  • Consumers

  • Key Selling Industries
  • Athletic & Sporting Goods Manufacturing
  • Footwear Wholesaling
  • Men's & Boys' Apparel Wholesaling
  • Shoe & Footwear Manufacturing
  • Women's & Children's Apparel Wholesaling

  • Products & Services
  • Other sporting equipment
  • Athletic apparel
  • Firearms and hunting equipment
  • Ski and snowboard equipment
  • Athletic footwear
  • Other
  • Chart: Sporting Goods Stores in Colorado Industry Products and Services Segmentation

  • Major Markets
  • Consumers aged 18 to 44
  • Consumers aged 45 to 64
  • Consumers aged 65 and older
  • Other
  • Chart: Major Market Segmentation for the Sporting Goods Stores in Colorado Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Sporting Goods Stores in Colorado

  • Basis of Competition
    Barriers to Entry
    Bass Pro Shops Inc., Dick's Sporting Goods Inc., Recreational Equipment Inc., Big 5 Sporting Goods Corporation,
  • Table: Bass Pro Shops Inc. - financial performance
  • Table: Dick's Sporting Goods Inc. - financial performance
  • Table: Recreational Equipment Inc. - financial performance
  • Table: Big 5 Sporting Goods Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Sporting Goods Stores in Colorado Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Sporting Goods Stores in Colorado Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Participation in Sports (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Baby Boomers
  • The demographic of Americans born between 1946 and 1964, accounting for a major proportion of the population.
  • Electronic Data Interchange (Edi)
  • The transmission of data between businesses from one computer system to another.
  • Point-Of-Sale (Pos)
  • A system used at checkout in retail stores using computers and cash registers to capture transaction data at the time and place of sale.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Sporting Goods Stores in Colorado is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Sporting Goods Stores in Colorado:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Sporting Goods Stores in Colorado market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Sporting Goods Stores in Colorado, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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