One with nature: Industry revenue will climb upward as recreational spending rises

Consumer enthusiasm for outdoor activities has increased over the past five years. With per capita disposable income and total recreational expenditure expected to increase over the five-year period, consumers are increasingly allocating more funds to outdoor activities such as camping and hiking. The Hiking and Outdoor Equipment Stores industry has benefited from this market expansion. To keep up with demand, nonindustry retailers have expanded their hiking and outdoor equipment offerings over the past five years, boosting direct competition for many industry stores. This move has forced smaller industry operators to either diversify their offerings, thereby capturing a wider market, or specialize in a particular sport and capitalize on their particular expertise...purchase to read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 13-18
1.6%
Forecast Growth 18-23
Profit
Employment
23,320
Businesses
3,603

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 Key Buyers Chapter

    The Hiking and Outdoor Equipment Stores industry is highly concentrated, with the top four players accounting for 67.3% of industry revenue in 2018. The decades-old giants in this industry (REI, Patagonia, The North Face and Eastern Mountain Sports) each experience strong brand recognition and customer loyalty. The industry has become more concentrated over the past five years, particularly as smaller players were forced to close shops due to limited financing and low demand during the aftermath of the recession. Furthermore, increasing competition from the industry's major stalwarts has exacerbated the overall decrease of industry operators. Consolidation activity also contributed to expanding market share concentration over the five-year period...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
  • Purchases
  • Wages
  • Rent and utilities
  • Other 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
    Recreational Equipment Inc., Patagonia, VF Corporation,
  • Table: Recreational Equipment Inc. - 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
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (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
    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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Hiking & Outdoor Equipment Stores Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Hiking & Outdoor Equipment Stores industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    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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