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Ski & Snowboard Rental in the US - Market Research Report (2014-2029)

Jared Ristoff Jared Ristoff New York, United States Last Updated: May 2024 NAICS OD5468

Revenue

$310.6m

2024

$310.6m

Past 5-Year Growth

Profit

$XX.Xbn

Employees

1,365

Businesses

207

Wages

$XX.Xm

Ski & Snowboard Rental in the US industry analysis

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 (IBISWorld 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.While the industry is supported by demand for ski and snowboard resorts, there is a limit to this connection. Demand for ski and snowboard resorts mostly derives from those who own their own equipment and do not need to rent skis or snowboards. Instead, this industry relies primarily on travelers and those new to the sport. In turn, time spent on leisure and sports represents a key indicator of demand for industry services. The time spent on leisure and sports decreased, limiting revenue gains. Demand has been primarily supported by increased domestic travel and rising disposable income during the period. Despite rising demand, profit has been squeezed by rising wage costs.Over the next five years, revenue is expected to continue expanding as the negative effects of the pandemic subside and the economy is anticipated to grow. Travel is expected to continue fueling industry demand as US and non-US residents travel to ski mountains nationwide and rent equipment for convenience and cost-effectiveness. Although, volatile weather conditions are anticipated to mitigate industry growth as ski seasons continue to become shorter. Overall, revenue is forecast to grow at a CAGR of 2.5% to $332.1 million over the five years to 2028.

Trends and Insights

  • Positive economic factors have boosted demand for the industry. The rise in disposable income and domestic travel has been the primary driving factors for operators.
  • Younger demographics of consumers have shifted to skiing compared to snowboarding. In 2020, skiing had almost twice as many participants as snowboarding.
  • Operators locate near ski and snowboard mountains. Since the industry is highly fragmented, most operators aim to find a niche market in localized areas, like Vail, Colorado, or the Pocono mountain region in the Northeast.
  • The price of rentals is a form of competition for operators. Operators must ensure not to price rentals too high that customers would consider buying skis and snowboards rather than renting.

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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has grown at a CAGR of 5.6 % over the past five years, to reach an estimated $310.6m in 2024.

Trends and Insights

The pandemic hindered the industry

  • The arrival of the pandemic to the United States in March 2020 significantly hindered demand. Ski resorts were forced to shut down and abide by stay-at-home orders and social distancing guidelines.
  • Additional trends and insights available with purchase
Ski & Snowboard Rental in the US
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

Positive economic factors will drive demand from consumers

  • The industry is susceptible to consumer sentiment levels, given the industry's reliance on tourism and consumers' propensity to participate in sporting activities.

Biggest companies in the Ski & Snowboard Rental in the US

Company
Market Share (%)
2024
Revenue ($m)
2024
Profit ($m)
2024
Profit Margin (%)
2024
Christy Sports LLC
16.2
1.2
7.4
Black Tie Ski Rentals LLC
6.4
0.5
7.8

To view the market share and analysis for all 2 top companies in this industry, view purchase options.

Products & Services Segmentation

Ski & Snowboard Rental in the US
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Ski-specific equipment rental, Snowboard-specific equipment rental and Accessory rental (e.g. helmets and boots). Ski-specific equipment rental is the largest segment of the Ski & Snowboard Rental in the US.

Trends and Insights

Skis' revenue share expands as younger demographics shift away from snowboarding

  • Ski equipment rentals account for the most significant product segments of the industry. This segment includes both adult and child skis, as well as ski polls.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

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.

What's included in this industry?

Renting out skisRenting out snowboardsRenting out equipment needed for skiing and snowboarding

Companies

Christy Sports LLCBlack Tie Ski Rentals LLC

Purchase this report to view all 2 major companies in this industry.

Related Terms

INBOUND TRIPSSKI BOOTSSNOWBOARD BOOTS

Industry Code

NAICS 2017

NAICS 53228 - Ski & Snowboard Rental in the US

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

Positive economic factors have boosted demand for the industry. The rise in disposable income and domestic travel has been the primary driving factors for operators.

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Younger demographics of consumers have shifted to skiing compared to snowboarding. In 2020, skiing had almost twice as many participants as snowboarding.

In this chapter

  • Products & Services
  • Major Markets

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

Operators locate near ski and snowboard mountains. Since the industry is highly fragmented, most operators aim to find a niche market in localized areas, like Vail, Colorado,...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each state
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each state in 2024
  • Number and share of revenue each state accounts for in 2024
  • Number and share of wages each state accounts for in 2024
  • Number and share of employees in each state in 2024

Detailed analysis

  • Geographic spread of the industry across North America, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

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.

Analyst insights

The price of rentals is a form of competition for operators. Operators must ensure not to price rentals too high that customers would consider buying skis and snowboards rath...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

Large operators locate near the base of ski mountains. Locating near ski resorts reduces travel for consumers to get their rentals and makes it more convenient.

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024
  • Overview of Christy Sports LLC's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Black Tie Ski Rentals LLC's performance by revenue, market share and profit margin from 2018 through 2024

Detailed analysis

  • Description and key data for Christy Sports LLC, and factors influencing its performance in the industry
  • Description and key data for Black Tie Ski Rentals LLC, and factors influencing its performance in the industry

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

Operators had to comply with mandatory government lockdowns during the pandemic. These lockdowns hindered revenue in 2020.

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2014-2029) 
  • Assistance historical data and forecast (2014-2029) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

The pandemic hindered profit for the industry. In addition, rising wage costs have cut into profit margins for operators.

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Industry Multiples (2017-2022)
  • Industry Tax Structure (2017-2022)
  • Income Statement (2017-2022)
  • Balance Sheet (2017-2022)
  • Liquidity Ratios (2017-2022)
  • Coverage Ratios (2017-2022)
  • Leverage Ratios  (2017-2022)
  • Operating Ratios (2017-2022)
  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Ski & Snowboard Rental in the US industry in United States in 2024?

The market size of the Ski & Snowboard Rental in the US industry in United States is $310.6m in 2024.

How many businesses are there in the Ski & Snowboard Rental in the US industry in 2024?

There are 207 businesses in the Ski & Snowboard Rental in the US industry in United States, which has grown at a CAGR of 3.3 % between 2019 and 2024.

Has the Ski & Snowboard Rental in the US industry in United States grown or declined over the past 5 years?

The market size of the Ski & Snowboard Rental in the US industry in United States has been growing at a CAGR of 5.6 % between 2019 and 2024.

What is the forecast growth of the Ski & Snowboard Rental in the US industry in United States over the next 5 years?

Over the next five years, the Ski & Snowboard Rental in the US industry in United States is expected to grow.

What are the biggest companies in the Ski & Snowboard Rental in the US market in United States?

The biggest companies operating in the Ski & Snowboard Rental market in United States are Christy Sports LLC and Black Tie Ski Rentals LLC

What does the Ski & Snowboard Rental in the US in United States include?

Renting out skis and Renting out snowboards are part of the Ski & Snowboard Rental in the US industry.

Which companies have the highest market share in the Ski & Snowboard Rental in the US in United States?

The company holding the most market share in United States is Christy Sports LLC.

How competitive is the Ski & Snowboard Rental in the US industry in United States?

The level of competition is moderate and steady in the Ski & Snowboard Rental in the US industry in United States.

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International industries

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Methodology

How are IBISWorld reports created?

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Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in the US include: 

  • US Census Bureau
  • US Bureau of Labor Statistics
  • US International Trade Commission

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

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