Slippery slope: Rising competition from substitute leisure activities is causing growth to slide

The Hiking and Outdoor Equipment Stores industry has faced a difficult trading environment over the past five years as strong competition from both internal and external sources has pressured retail sales. Despite growth in discretionary incomes, consumers have increasingly allocated more of their leisure time towards exercise and recreational activities that require minimal planning, reducing demand for hiking and outdoor equipment. The industry has also faced strong price competition from enterprises operating outside of the industry, such as department stores and pure-play online retailers of hiking and camping equipment. As a result of these factors, industry revenue is expected to grow by an annualised 1.6% over the five years through 2016-17, to total $1.27 more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Industry players will try to rebrand apparel products to heighten their appeal to a wider audience
  • The rising uptake of digital media has come at the expense of hiking and camping activities
  • Changing trends in how people spend their leisure time are expected to reduce industry sales
  • Industry Report - Industry Locations Chapter

    The distribution of industry establishments largely follows the spread of the Australian population and the level of tourism activity. As a result, the majority of businesses are located across Victoria, New South Wales and Queensland, with the three states estimated to account for more than 79% of industry establishments in 2016-17. These three states all contain various well-known camping and hiking regions close to their major capital cities, which helps boost consumer interest. The most populous states are home to large retail chains such as Rays and Kathmandu, with multiple retail locations across each state to capture a larger share of consumer consumption. Ind...purchase to read more.

    Additional Insights for the Hiking and Outdoor Equipment Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hiking and Outdoor Equipment Stores Industry are

  • Attractive product presentation
  • Ability to control stock on hand
  • Access to multiskilled and flexible workforce
  • IBISWorld analysts also discuss how external factors such as Real household discretionary income and Consumer sentiment index in the Hiking and Outdoor Equipment Stores industry impact industry performance..

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    What's in this report

    What is the Hiking and Outdoor Equipment Stores Industry?

    This industry includes bricks-and-mortar stores that primarily sell hiking and outdoor equipment, with a specific focus on camping and hiking supplies. The industry excludes hiking and outdoor equipment from department stores and online-only retailers, but includes the online operations of bricks-and-mortar stores.

    Industry Products
  • Equipment and bags
  • Apparel
  • Accessories
  • Footwear
  • Industry Activities
  • Selling outdoor and hiking equipment
  • Selling outdoor and hiking clothing
  • Selling outdoor and hiking footwear
  • Selling outdoor and hiking accessories
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Real household discretionary income
  • Consumer sentiment index
  • Average weekly hours worked
  • Trade-weighted index

  • Current Performance
  • Trading conditions
  • Competition
  • Opportunities and threats
  • Chart: Revenue Growth

  • Industry Outlook
  • Alternative leisure activities
  • Competition
  • Opportunities and threats
  • Table: Hiking and Outdoor Equipment Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hiking and Outdoor Equipment Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Clothing Wholesaling
  • Footwear Wholesaling
  • Kitchen and Diningware Wholesaling
  • Toy and Sporting Goods Wholesaling

  • Products & Services
  • Equipment and bags
  • Apparel
  • Accessories
  • Footwear
  • Chart: Hiking and Outdoor Equipment Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 45 to 59
  • Consumers aged 25 to 44
  • Consumers aged 24 and under
  • Consumers aged 60 and older
  • Chart: Major Market Segmentation for the Hiking and Outdoor Equipment Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profitability
  • Purchases
  • Wages
  • Rent
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Hiking and Outdoor Equipment Stores

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hiking and Outdoor Equipment Stores Industry

  • Industry Globalization
    Super Retail Group Limited, Kathmandu Holdings Limited,
  • Table: Super Retail Group Limited - financial performance
  • Table: Kathmandu Holdings Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Hiking and Outdoor Equipment Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Hiking and Outdoor Equipment Stores Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Closed-Circuit Television (Cctv)
  • A system that helps monitor and record activities in a retail store.
  • Radio Frequency Identification (Rfid)
  • Tags that can track products throughout the supply chain by releasing continuous signals from a chip that is inserted in the product during manufacturing.
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    Why buy this report?

    The Hiking and Outdoor Equipment Stores market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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    This report on Hiking and Outdoor Equipment Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Hiking and Outdoor Equipment Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Hiking and Outdoor Equipment Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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