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. To this end, improvements in safety equipment technology, such as automated belays, a device used by climbers and belayers to decrease the likelihood of a serious injury, are expected to propel revenue growth as injury concerns are alleviated, and consumers shift their perception of indoor wall climbing from being an extreme sport to a mainstream activity.
Companies in this industry maintain and operate climbing wall centers or indoor rock climbing centers. A climbing wall is an artificially constructed wall with grips for hands and feet, and it is usually used for indoor climbing.
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.