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Sporting Goods Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Sporting Goods Stores Market Research Report | NAICS 45111 | Mar 2015

Hanging tough: Despite rising competition, value-added services will support revenue

IBISWorld’s Sporting Goods Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$50bn
Annual Growth 10-15
2.6%
Annual Growth 15-20
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Profit
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Employment
255,046
Businesses
38,748
Industry Analysis & Industry Trends

Over the past five years, the Sporting Goods Stores industry has fared well due to strong demand for sporting goods from more health-conscious individuals. With the sports participation rate anticipated to rise in the five years to 2015, more consumers have required athletic apparel, footwear and other sporting goods for their fitness regimens. Over the five years to 2020, industry revenue is forecast to grow, as growth in sports participation propels demand for athletic apparel, equipment and footwear. While individuals will be time strapped, making it difficult for consumers to incorporate fitness and sporting activities into their daily regimen, rising health consciousness will still spur demand for sporting goods... purchase to read more

Industry Report - Starting a New Business Chapter

The Sporting Goods Stores industry has low barriers to entry. Nevertheless, potential industry entrants will contend with numerous barriers to entering the industry, particularly with fixed start-up costs being the most prominent barrier to entry. The initial cost of establishing or purchasing a retail outlet and providing sufficient inventory to stock retail shelves may prohibit new entrants from entering the industry. Industry entrants may also incur expenditures related to advertising and marketing, which is critical for generating a market presence and consumer interest. Furthermore, existing and well-established distribution networks among sporting goods retailers and manufacturers may deter potential operators from entering this industry... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Sporting Goods Stores Industry?

Sporting goods stores 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 merchants and retailers that exclusively sell apparel are not included in this industry.

Industry Products
Sporting equipmentAthletic apparelAthletic footwear
 
Industry Activities
Athletic uniforms retailingBicycle (except motorized) retailingBowling equipment and supply retailingDiving equipment retailingExercise equipment retailingFishing supply retailingGolf equipment and supply retailingOther sporting goods retailing


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