Ski lift: Rising incomes and demand will boost industry revenue
Ski and snowboard rental businesses typically operate on mountains near ski and snowboard resorts and rent skis, snowboards, helmets, boots and other equipment to consumers. Demand for industry rentals is primarily determined by demand for the ski and snowboard resorts industry (report 71392), as the two industries are inherently linked. The factors that drive demand for ski and snowboard resorts include income levels and domestic travel rates, which also support revenue growth. Domestic and inbound trips have surged as the pandemic subsided around the globe. Overall, revenue has been growing at a CAGR of 5.7% to $294.2 million over the past five years, including an expected 3.2% increase in 2023. Profit is expected to slump to 6.9% of revenue in 2023 from 7.4% in 2018.
The Ski and Snowboard Rental industry provides ski and snowboard rental services, including accessory rentals, such as helmets. Firms also rent other snow-related sports equipment such as snowshoes. This industry does not manufacture equipment.
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.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Christy Sports LLC
- Black Tie Ski Rentals LLC
Methodology
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