$15.9bn
$XXX.Xm
52,228
6,692
$X.Xbn
Hiking and outdoor equipment stores have seen impressive growth in recent years, fueled by a surge in participation in outdoor activities. As people sought refuge and recreation in nature, expenditure on hiking, camping and climbing gear went up, leading to a significant boost in overall recreation spending. Industry revenue grew at a CAGR of 8.8% through the end of 2024 to $15.9 billion, including an anticipated 2.6% climb in 2024 alone. Profit has also expanded over the past five years as revenue has surged.
Industry revenue has grown at a CAGR of 8.8 % over the past five years, to reach an estimated $15.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Recreational Equipment, Inc. | 2,433.5 | -33.4 | -1.4 | |
V. F. Corporation | 1,137.4 | 74.8 | 6.6 | |
Patagonia | 394.2 | -5.4 | -1.4 |
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Hiking & Outdoor Equipment Stores in the US
Industry revenue is measured across several distinct product and services lines, including Apparel, Equipment and gear and Footwear. Apparel is the largest segment of the Hiking & Outdoor Equipment Stores in the US.
Shifting consumer preferences have bolstered demand for apparel
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.
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NAICS 45111 - Hiking & Outdoor Equipment Stores in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Hiking and outdoor equipment stores shift their focus online. They develop comprehensive apps and integrate online and offline channels to provide click-and-collect options, ...
Learn about an industry's products and services, markets and trends in international trade.
Shifting consumer preferences have increased demand for versatile apparel. As people spent more time outdoors, they sought multi-functional clothing suitable for both outdoor...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Southeast is growing rapidly. Its large, diverse population and favorable weather give stores a wide potential customer base and an extended sales window for year-round a...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Mass merchandisers constrain industry growth. Their purchasing power enables them to offer lower prices, making it difficult for competitors to maintain revenue growth in the...
Learn about the performance of the top companies in the industry.
Three firms dominate a market portion. Recreational Equipment, Inc. has established a strong market presence through beneficial marketability and significant capital access.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Hiking and outdoor equipment stores are required to adhere to a range of regulations. These include compliance with labor laws, safety guidelines and maintaining high product...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Purchases are retailers' largest expense. Price fluctuations in hiking and outdoor equipment are influenced by seasonal demand and the costs of new technologies and materials...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Hiking & Outdoor Equipment Stores in the US industry in United States is $15.9bn in 2024.
There are 6,692 businesses in the Hiking & Outdoor Equipment Stores in the US industry in United States, which has grown at a CAGR of 0.5 % between 2019 and 2024.
The market size of the Hiking & Outdoor Equipment Stores in the US industry in United States has been growing at a CAGR of 8.8 % between 2019 and 2024.
Over the next five years, the Hiking & Outdoor Equipment Stores in the US industry in United States is expected to grow.
The biggest companies operating in the Hiking & Outdoor Equipment Stores market in United States are Recreational Equipment, Inc., V. F. Corporation and Patagonia
Equipment and gear and Footwear are part of the Hiking & Outdoor Equipment Stores in the US industry.
The company holding the most market share in United States is Recreational Equipment, Inc..
The level of competition is moderate and increasing in the Hiking & Outdoor Equipment Stores in the US industry in United States.