Industry Analysis & Industry Trends
The Indoor Climbing Walls industry slipped during the recession but has since lifted itself up, bolstered by rising per capita disposable income and falling unemployment. Disposable income levels increased and unemployment decreased over the past five years and customers returned to making discretionary expenditures, in place of relatively low-cost recreational activities, such as hiking; therefore, indoor climbing wall establishments have leveraged their growing popularity and increasingly presented high-end offerings. Over the five years to 2021, the industry is expected to continue benefiting from rising disposable income and falling unemployment. One of the largest obstacles for the industry was the perceived risk of injury while participating in indoor wall climbing.... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry are moderate for the Indoor Climbing Walls industry. Successful industry establishments must be in areas of high foot traffic and convenience, and require a large space with high ceilings, typically upwards of 3,000 square feet of space and 20 feet of height. Therefore, rent can be quite high due to strong commercial demand. However, leasing operations provide a relatively lower cost basis for entry. Additionally, although wages make up the industry’s greatest cost, average wages in the industry tend to be low since the majority of the staff is, on the whole, unskilled and work on a part-time basis.
Other barriers to entry in urban markets include restrictive zoning laws, lengthy permit processes and a shortage of appropriate real estate... purchase to read more