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... purchase to read more
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... ... purchase to read more
Industry Report - Industry Locations Chapter
As with most retail industries, the location of establishments in this industry relates to the region's population and consumer demand levels. This, in turn, affects the employment levels and wage costs of each region. In theory, the greater the number of residents, the stronger the demand for industry products and the need to operate stores in those regions.
The Hiking and Outdoor Equipment Stores industry is concentrated in the Southeast and West regions, which account for 23.5% and 17.6% of industry establishments, respectively. These are also the regions with the highest populations.
The New England and Plains regions account for the smallest shares of industry establishments. The number of establishments in the Plains region (7.4%),.. ... purchase to read more
Additional Insights for the
Hiking & Outdoor Equipment Stores
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... purchase to read more