Sporting Goods Stores in the US
Over the five years to 2018, the Sporting Goods Stores industry has fared well due to strong demand from health-conscious individuals. The sports participation rate is anticipated to rise 3.3% during the five-year period as more consumers have required athletic apparel, footwear and other sporting goods for their fitness regimens. In particular, alternative exercise methods gained popularity throughout the period, with many individuals participating in CrossFit, tai chi, yoga and Pilates, which have stimulated demand for related sporting goods, apparel and footwear. However, intensifying external competition from department stores and mass merchandisers that also offer sporting goods in their product portfolio has constrained industry revenue growth due to high price-based competition. Over the five years to 2023, industry revenue is forecast to grow as growth in sports participation propels demand for athletic apparel, equipment and footwear. Although time-strapped individuals will find it difficult to incorporate fitness and sporting activities into their daily regimen, rising health consciousness and per capita disposable income will spur demand for sporting goods.
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.