Climbing high: Revenue trends upward as recreational spending rises

Over the next five years, as total recreation expenditure expands, demand at hiking and outdoor equipment is anticipated to grow. Nonetheless, external competition will remain a challenge as hiking and outdoor equipment becomes increasingly pervasive in other stores, a trend of the past five years. During that time, major companies like REI and Pategonia responded to rising competition by capitalizing on staff expertise and in-house manufacturing capabilities to attract consumers. For example, these companies focus more on in-store events like classes, book signings and movie screenings to bring consumers in to explore their products...purchase to read more.

Industry Statistics & Market Size
Annual Growth 11-16
Forecast Growth 16-21

Industry Threats & Opportunities

  • Steadily expanding recreation expenditure has supported industry sales
  • Companies target niche markets and offer in-store classes to stay competitive
  • The industry's many marketing tactics are expected to boost profit expansion
  • Industry Report - Industry Investment Chapter

    Industry operators require a low level of capital investment because hiking and outdoor equipment stores are regarded as being labor intensive. Retailers in this industry hire labor to perform tasks such as customer service, restocking shelves and keeping track of inventory. A large portion of labor in this industry is employed on a part-time basis and employment fluctuates throughout the year. For instance, employment increases during the summer due to increased sales, resulting from more favorable weather conditions. Overall, for every dollar spent on wages, companies typically spend $0.08 in capital investments in 2016, representing no major change from 2011...purchase to read more.

    Additional Insights for the Hiking & Outdoor Equipment Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hiking & Outdoor Equipment Stores Industry are

  • Ability to alter goods and services produced in favor of market conditions
  • Having a good reputation
  • Having a good technical knowledge of the product
  • IBISWorld analysts also discuss how external factors such as External competition for the Sporting Goods Stores industry and Total recreation expenditure in the Hiking & Outdoor Equipment Stores industry impact industry performance..

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    What's in this report

    What is the Hiking & Outdoor Equipment Stores Industry?

    Retailers in this industry primarily sell hiking and outdoor sports equipment, with a specific focus on camping and hiking supplies. Specialty sports stores, like golf, paddle sport or ski shops, general sports stores and online-only retailers are excluded from the industry.

    Industry Products
  • Apparel
  • Equipment and gear
  • Footwear
  • Industry Activities
  • Retailing outdoor sports apparel and accessories
  • Retailing outdoor sports footwear
  • Retailing outdoor sports equipment and accessories
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • External competition for the Sporting Goods Stores industry
  • Total recreation expenditure
  • Participation in sports
  • Per capita disposable income

  • Current Performance
  • Competition ramps up
  • Market appeal
  • Online outreach
  • Chart: Revenue Growth

  • Industry Outlook
  • Outdoor recreation
  • Competitive pressures
  • Table: Hiking & Outdoor Equipment Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hiking & Outdoor Equipment Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

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

  • Products & Services
  • Apparel
  • Equipment and gear
  • Footwear
  • Other
  • Chart: Hiking & Outdoor Equipment Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers earning $40,000 to $69,999
  • Consumers earning $70,000 or more
  • Consumers earning $20,000 to $39,000
  • Consumers earning $10,000 to $19,999
  • Consumers earning less than $10,000
  • Chart: Major Market Segmentation for the Hiking & Outdoor Equipment Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    PurchasesWagesRent and utilitiesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Hiking & Outdoor Equipment Stores

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hiking & Outdoor Equipment Stores Industry

  • Industry Globalization
    REI, Patagonia, VF Corporation,
  • Table: REI - financial performance
  • Table: Patagonia - financial performance
  • Table: VF Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Hiking & Outdoor Equipment Stores 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 Hiking & Outdoor Equipment Stores Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Participation in sports (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A store that has a physical presence and location, as opposed to an online retailer.
  • Carabiner
  • A metal ring with a spring-hinged side that is used to secure freely running rope by mountain and rock climbers.
  • E-Tailer
  • A retailer that primarily sells goods and services via the internet.
  • 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?

    The Hiking & Outdoor Equipment Stores industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    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 Hiking & Outdoor Equipment Stores:
    • 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 Hiking & Outdoor Equipment Stores 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 Hiking & Outdoor Equipment Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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