Overview

Climbing high: Revenue trends upward as recreational spending rises

The Hiking & Outdoor Equipment Stores market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

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

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    Industry Analysis & Industry Trends

    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...

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    Industry Report - Industry SWOT Analysis Chapter

    The Hiking and Outdoor Equipment Stores industry is currently in the mature stage of its lifecycle. Over the 10 years to 2021, industry value added, which measures the industry's contribution to the overall economy, is expected to rise at an average annual rate of 0.8%. Comparatively, US GDP is expected to grow at a similar pace of 2.0% over the same period. As outdoor sports participation has increased, the industry has also faced escalating competition from other retailers eager to benefit from rising consumer spending in the outdoor sports equipment category. In response, industry operators have shifted toward retailing in-house brands exclusively and hosting in-store events to attract outdoor enthusiasts into brick-and-mortar locations.

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    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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    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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
    Competitive Landscape
    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
    Major Companies
    REIPatagoniaVF Corporation
  • Table: REI - financial performance
  • Table: Patagonia - financial performance
  • Table: VF Corporation - financial performance

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Hiking & Outdoor Equipment Stores Industry
    Includes:
  • 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
    Jargon & Glossary
    Brick-And-Mortar
  • 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.
  • Why buy this report?

    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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