Sporting Goods Stores in the US - Industry Market Research Report

Sporting Goods Stores in the US - Industry Market Research Report

  • June 2020 •
  • 41 pages •
  • Report ID: 198930 •
  • Format: PDF
Team player: Rising health consciousness will likely spur demand for sporting goods

Abstract

Sporting Goods Stores in the US
Over the five years to 2019, the Sporting Goods Stores industry has fared well due to strong demand from health-conscious consumers. The sports participation rate is anticipated to rise during the five-year period as more consumers have required athletic apparel, footwear and other sporting goods for their fitness regimens. The industry has further benefited from consolidation, which has enabled large-scale sporting goods retailers to bypass sporting wholesalers, securing supply-side contracts directly with manufacturers. However, intensifying external competition from department stores and mass merchandisers that also offer sporting goods in their product portfolios has constrained industry revenue growth due to high price-based competition. Over the five years to 2024, industry revenue is forecast to grow as growth in sports participation propels demand for athletic apparel, equipment and footwear.

Sporting goods stores primarily retail new sporting goods, including bicycles, camping equipment, exercise and fitness equipment, apparel, footwear and other goods and accessories. Products are sourced from sporting goods manufacturers and wholesalers and then sold to the general public via retail stores. Department stores, mass merchandisers and retailers that exclusively sell apparel are not included in this industry.

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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