Companiesandmarkets.com

Retail sporting goods market to be worth $266 billion

Press Release   •   Jul 23, 2012 10:28 BST

The retail sporting goods market is estimated to increase at a compound annual growth rate (CAGR) of 4% over the next five years, to be worth a market value of $266 billion by 2017.

The retail sporting goods market holds substantial opportunities for sporting goods suppliers due to strong product demand in the three market segments: athletic apparel, athletic footwear, and equipment. Demographics play a big part in sporting goods sales, since population growth and age groups distinctly impact sport participation.

Sales within the retail sporting goods market are very sensitive to the health of the economy, because most sports are a leisure activity. Spending on sporting goods correlates strongly with consumer confidence and level of personal disposable income.

North America represents the region currently dominating the retail sporting goods market. Asia and the ROW regions look set to show good market growth potential for retail sporting goods through to 2017.

In the US, about 20,000 companies operate retail sporting goods stores, with combined annual revenue of $25 billion. There are 150 companies with more than 5 stores, but the 20 largest chains hold only about 35 percent of the national market.

Most operate a single retail location. Large chain operators include Sports Authority ($1.4 billion revenue), Gart Sports ($936 million), Dick's Sporting Goods ($2 billion), and Hibbett Sporting Goods ($241 million). On a more global scale, Nike and Adidas are the market leaders.

For more information on the retail sporting goods market, see the latest research: Retail Sporting Goods Market Report

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