Hiking & Outdoor Equipment Stores in the US - Industry Market Research Report

One With Nature: External Competition is Expected to Result in the Continued Closure of Underperforming Establishments

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's key players and their market shares.