Hiking & Outdoor Equipment Stores in the US - Industry Market Research Report
Description
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.
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
47 Pages
- TABLE OF CONTENTS
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
Search Inside Report
Pricing
Currency Rates
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