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Hiking & Outdoor Equipment Stores in the US - Industry Market Research Report

Publisher IBISWorld
Published Sep 26, 2024
Length 79 Pages
SKU # IBSS20490005

Description

Hiking & Outdoor Equipment Stores in the US - Industry Market Research Report


Hiking & Outdoor Equipment Stores in the US

Through 2023 consumers expressed interest in increasing the time they spent outdoors. As per capita disposable income increased, consumers were set to chase their want of becoming more “outdoorsy.” The COVID-19 pandemic aided in this shifting of where consumers want to spend their free time. Faced with lockdowns and risk of being indoors, people chose to spend their time outdoors. This drove an increase in total recreation expenditure and consequently, boosted spending on hiking and outdoor equipment. Despite facing closures in 2020, revenue for the Hiking and Outdoor Equipment Stores industry grew at a CAGR of 0.4% to $7.4 billion over the past five years, with a 2.1% increase in 2023 alone, driving profit up to 4.7% of revenue

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."

Table of Contents

79 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

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