Industry Analysis & Industry Trends
Growth for the Hiking and Outdoor Equipment Stores industry has been pegged down over the past five years as competition from both internal and external sources has pressured the industry. Despite recovering economic conditions, with disposable income levels increasing and consumer sentiment on the rise, industry players have benefited little. Demand for personal fitness and other sports compared with hiking and camping trips remains poles apart. Consumers are continually looking for exercise and recreational activities that require minimal planning, resulting in little growth in industry revenue. As a result, the industry has only grown at an annualised 0.9% over the five years through 2012-13 to total $816.5 million... purchase to read more
Industry Report - Industry Products Chapter
The largest segment for the industry is equipment and bags designed for outdoor and hiking activity. Products in this segment include tents, luggage, portable cookware, generators, bedding, fridges, and camp furniture. The wide variety of goods, along with the high prices that these goods attract due to their specialised nature, means that this segment attracts the largest share of revenue.
Apparel is a fast-rising category that commands a significant proportion of revenue. These products are easier to sell for broader purposes, such as overseas travel and everyday wear, and thus have attracted a wider audience than many specialty goods... purchase to read more