The sports equipment retail market is set to experience a modest compound annual growth rate (CAGR) of 2.2% over the next five years, to reach a predicted market value of US $94 billion in 2017.
Growth within the sports equipment retail market is set to be driven by factors such as population growth, changing lifestyles in emerging economies, and a growing awareness/enthusiasm for health and fitness.
Rising raw material, labour costs, and rising inflation pose a challenge to the sports equipment retail market; however, the ability to create new product technology and other performance-improving features is expected to drive the sports equipment industry over the forecast period.
For companies to be successful in the sports equipment retail market they need to have the ability to collate, analyze and act on consumer preferences, sales trends and keep track of changes in sporting equipment.
The US sports equipment retail market includes approximately 20,000 companies with combined annual revenue of $35 billion. The industry is fragmented: the 50 largest companies account for less than 50 percent of revenue.
The sports equipment retail market is expected to extend its presence within the rapidly growing markets of India, Indonesia, and Vietnam, providing significant potential for sports equipment.
For more information on the sports equipment retail market, see the latest research: Sports Equipment Retail Market Report
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