Global Online Sports Retailing Market 2017-2021
About Online Sports Retailing
Online sports retailing market consists of different objects and gears used in any sporting activities. These includes sports apparel, sports protective equipment, sports equipment, and sports footwear. The market's revenue generates from the sales of various sports apparel, sports footwear, sports protective equipment, and sports equipment for ball sports, adventure sports, golf, fitness, and others. With the increasing demand for eco-friendly sports equipment and the strong presence of social media, the market will likely post a favorable growth rate during the forecast period.
Technavio’s analysts forecast the global online sports retailing market to grow at a CAGR of 3.57% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global online sports retailing market for 2017-2021. To calculate the market size, the report considers the sales/volume/value and excludes new installations/shipments and retrofit/replacement/spares/aftermarket/services market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Online Sports Retailing Market 2017-2021
Technavio recognizes the following companies as the key players in the global online sports retailing market: Academy Sports + Outdoors, Amazon.com, Alibaba.com, DICK's Sporting Goods, and Walmart.
Other Prominent Vendors in the market are: Adidas, ASICS, Columbia Sportwear, MIZUNO, Nike, PUMA, and Under Armour.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is mobile commerce and network marketing. The increasing emphasis on mobile commerce is mainly driven by two things: millions of consumers are purchasing new phones and from the retailers end they are creating more opportunities for the buyers to shop. Few of the major retailers such as Amazon, Flipkart, and Alibaba have their own mobile applications.”
According to the report, one of the major drivers for this market is rise in online spending and smartphone penetration. In the US, an increase in the internet penetration has been a key driver for the growth of the online sports retailing market. As of June 2015, 280.7 million people in the US were internet users, and this number is the third-largest globally, after China and India. As of January 2016, North America recorded the highest in terms of internet penetration with a share of 87.5%. It was followed by Western Europe with 82.5% share and Eastern Europe with 63.5% share.
Further, the report states that one of the major factors hindering the growth of this market is high price. The high price of sports equipment is one of the major challenges that is hindering the growth of the global online sports retailing market. The cost of sports equipment offered by global vendors is very high, which might restrict sales in the coming years. Most end-users in developing regions are reluctant to use branded sports equipment because of their high cost, which in turn affects the overall revenue of the global market.
Academy Sports + Outdoors, Amazon.com, Alibaba.com, DICK's Sporting Goods, Walmart, Adidas, ASICS, Columbia Sportwear, MIZUNO, Nike, PUMA, and Under Armour.
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