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Indoor Climbing Walls in the US - Industry Market Research Report

Indoor Climbing Walls in the US - Industry Market Research Report

  • May 2020
  • 33 pages
  • ID: 5103688
  • Format: PDF
  • Ibisworld

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New heights: Increased interest in climbing will likely drive industry demand

Abstract

Indoor Climbing Walls
Companies in the Indoor Climbing Walls industry operate indoor climbing centers, which are typically classified as either full-service climbing gyms or bouldering-only facilities. Over the past five years, the popularity of indoor climbing gyms has grown rapidly as consumers seek out alternative and individual methods for exercise. Climbing provides a full-body workout, making it popular among a variety of athletes for cross-training. Compared with traditional gyms, indoor climbing facilities tend to be more expensive. Therefore, a growing level of per capita disposable income during the five-year period has benefited the industry as its popularity has grown. Over the five years to 2023, the Indoor Climbing Walls industry is expected to continue building upon momentum generated over the past five years. In particular, the sport of climbing will appear for the first time in the 2020 Tokyo Olympic Games. Alongside continued growth in per capita disposable income, this is anticipated to accelerate interest in climbing, driving demand for indoor climbing wall operators.

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.

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.

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