Slow climb: External competition has limited industry revenue gains over the past five years

The Hiking and Outdoor Equipment Stores industry has faced a difficult trading environment over the past five years. External competition and competition from within the industry have been high over the period. Despite growth in discretionary incomes, consumers have increasingly spent more of their leisure time doing 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. Overall, industry revenue is expected to grow by an annualised 1.2% over the five years through 2017-18, to total $1.30 more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Industry players are forecast to market their products as being suitable for everyday wear
  • 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 exert downward pressure on industry sales
  • Industry Report - Industry Investment Chapter

    The Hiking and Outdoor Equipment Stores industry exhibits a low level of capital intensity. This is typical of retail industries due to their strong dependency on employees to generate sales and perform other store functions. In 2017-18, IBISWorld estimates that for every dollar spent on wages, $0.12 is spent on fixed capital assets. Over the past five years, depreciation costs have increased marginally to reflect developments in point-of-sale computer systems and automated inventory management systems used to streamline store operations...purchase to read more.

    Additional Insights for the Hiking and Outdoor Equipment Stores Industry

    IBISWorld has determined the most important Key Success Factors for the Hiking and Outdoor Equipment Stores 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?

    The industry includes bricks-and-mortar stores that 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 60 and older
  • Consumers aged 24 and under
  • 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
  • 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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • 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?

    IBISWorld’s Hiking and Outdoor Equipment Stores market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    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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