Hiking & Outdoor Equipment Stores
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. This heightened competition led to many companies exiting the industry. Over the next five years, as total recreational expenditure continues to increase, industry revenue is projected to grow. External competition will remain a challenge, as hiking and outdoor equipment becomes increasingly pervasive in other stores. This trend is expected to result in industry consolidation and the continued closure of smaller companies.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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