Indoor Climbing Walls in the US Industry Market Research Report from IBISWorld Has Been Updated

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The Indoor Climbing Walls industry slipped during the recession but has since lifted itself up, bolstered by rising per capita disposable income and falling unemployment. For this reason, industry research firm IBISWorld has updated a report on the Indoor Climbing Walls industry in its growing industry report collection.

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Shifting consumer preferences and rising disposable income will benefit the industry

Since this report's initial issuance, the Indoor Climbing Walls industry has undergone significant changes, which will be highlighted in this press release update. The industry slipped during the recession but has since lifted itself up, bolstered by rising per capita disposable income and falling unemployment. Companies in the Indoor Climbing Walls industry operate climbing wall centers or indoor rock climbing centers. Since the industry is heavily reliant on consumers, revenue tends to ebb and flow with fluctuations in per capita disposable income and employment levels. Disposable income levels increased and unemployment decreased over the past five years and customers returned to making discretionary expenditures, in place of relatively low-cost recreational activities, such as hiking; therefore, indoor climbing wall establishments have leveraged their growing popularity and increasingly presented high-end offerings. As a result, industry revenue is expected to grow slightly in the five years to 2014.

The Indoor Climbing Walls industry is increasingly becoming a fitness alternative to gyms and other fitness centers. According to IBISWorld Industry Analyst Sally Lerman, “consumers are shifting their preference from yoga, Pilates and various other exercises, to indoor wall climbing.” Additionally, consumers aged 25 and younger are lifting industry revenue higher, as they are more likely to participate in group events, such as birthday parties, climbing lessons and youth group activities. Moreover, this market segment tends to have more available leisure time for sports and other recreational activities.

The Indoor Climbing Wall industry has a low level of market concentration. The industry is highly fragmented and consists mainly of small businesses that cater to a specific geographical niche. Typically, industry operators develop a customer base by word of mouth rather than using brand recognition, which prevents large players from developing a strong market share. As a result, IBISWorld expects that each industry operator accounts for a very small percentage of industry revenue. During the five years to 2014, market share is anticipated to remain low, as operators continue to develop a local market niche by attracting health conscious consumers that want to diversify their gym experience.

Additionally, operators can strengthen their market share by offering rock climbing services in areas that lack external competition. For instance, because outdoor rock climbing is not included in the industry, operators may locate in areas that are not conducive to outdoor rock climbing, such as geographical areas that are flat and lack boulders. Because the industry requires a large facility, typically 3,000 square feet or larger, it is difficult for operators to maintain strong foot traffic, as the Indoor Climbing Wall industry is mainly located in industrial district areas. As a result, strengthening market share is difficult for the Indoor Climbing Wall industry as many operators rely on a local customer base to generate revenue.

Over the five years to 2019, the Indoor Climbing Walls industry is expected to continue benefiting from rising disposable income and falling unemployment. “One of the largest obstacles for the industry was the perceived risk of injury while participating in indoor wall climbing,” says Lerman. To this end, improvements in safety equipment technology, such as automated belays, a device used by climbers and belayers to decrease the likelihood of a serious injury, are expected to propel revenue growth as injury concerns are alleviated, and consumers shift their perception of indoor wall climbing from being an extreme sport to a mainstream activity. As a result, IBISWorld expects industry revenue to grow marginally in the five years to 2019.

For more information, visit IBISWorld’s Indoor Climbing Walls in the US industry report page.

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IBISWorld industry Report Key Topics

Companies in this industry maintain and operate climbing wall centers or indoor rock climbing centers. A climbing wall is an artificially constructed wall with grips for hands and feet, and it is usually used for indoor climbing.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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Gavin Smith
IBISWorld
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