Good sport: Rising disposable incomes and health consciousness will facilitate revenue growth

Over the five years to 2017, the Sporting Goods Stores industry has fared well due to strong demand for sporting goods from health-conscious individuals. However, intensifying competition from external competitors has constrained industry revenue growth due to high price-based competition. Nevertheless, over the past five years, industry revenue is expected to grow. Over the five years to 2022, industry revenue is forecast to continue 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...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
0.9%
Forecast Growth 17-22
Profit
Employment
16,345
Businesses
2,392
What Our Customers Say

Industry Threats & Opportunities

  • The industry has benefited from consolidation, which has enabled large-scale operators to bypass sporting wholesalers
  • Retailers have differentiated their service offerings to attract sports enthusiasts via interactive stores
  • The industry will face intensifying competition from mass merchandisers and department stores
  • Industry Report - Industry Key Buyers Chapter

    The Sporting Goods Stores industry in New York is highly fragmented and characterized by many small players, as well as several companies that each contribute nearly 10.0% of total industry revenue. Many industry operators are family owned or independently operated and cater to a market niche of local consumers. For instance, roughly 50.0% of total industry establishments are nonemployers, meaning that they are owner-operated sporting goods stores with no additional employees. However, although there is a large amount of nonemployers, these establishments are expected to account for only 3.1% of total industry revenue. As mass merchandisers enter the Sporting Goods Stores industry, the industry landscape has changed. For...purchase to read more.

    Additional Insights for the Sporting Goods Stores in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Sporting Goods Stores in New York Industry are

  • Production of goods currently favored by the market
  • Management of seasonal production
  • Attractive product presentation
  • IBISWorld analysts also discuss how external factors such as Consumer Spending in New York and Number of adolescents aged 10 to 19 in New York in the Sporting Goods Stores in New York industry impact industry performance..

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    What is the Sporting Goods Stores in New York Industry?

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

    Industry Products
  • Sporting equipment
  • Athletic apparel
  • Athletic footwear
  • Industry Activities
  • Athletic uniforms retailing
  • Bicycle (except motorized) retailing
  • Bowling equipment and supply retailing
  • Diving equipment retailing
  • Exercise equipment retailing
  • Fishing supply retailing
  • Golf equipment and supply retailing
  • Other sporting goods (e.g. scuba, skiing and outdoor) retailing
  • Saddlery retailing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer Spending in New York
  • Number of adolescents aged 10 to 19 in New York
  • Participation in sports
  • Demand from video games

  • Current Performance
  • Growing interest
  • Shifting trends
  • Increasing competition
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Population trends
  • Enterprises and employment
  • Table: Sporting Goods Stores in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Sporting Goods Stores in New York Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Sports Coaching
  • Physical Therapists
  • Orphanages & Group Homes
  • Ski & Snowboard Resorts
  • Gym, Health & Fitness Clubs
  • Civic, Social & Youth Organizations
  • Consumers

  • Key Selling Industries
  • Athletic & Sporting Goods Manufacturing
  • Footwear Wholesaling
  • Men's & Boys' Apparel Wholesaling
  • Shoe & Footwear Manufacturing
  • Women's & Children's Apparel Wholesaling

  • Products & Services
  • Sporting equipment
  • Athletic apparel
  • Athletic footwear
  • Other
  • Chart: Sporting Goods Stores in New York Industry Products and Services Segmentation

  • Major Markets
  • Consumers aged 18-44
  • Consumers aged 45-64
  • Consumers aged 65 and older
  • Other markets
  • Chart: Major Market Segmentation for the Sporting Goods Stores in New York Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Sporting Goods Stores in New York

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Sporting Goods Stores in New York Industry

  • Dick's Sporting Goods Inc.Modell's Sporting GoodsBass Pro Shops, Inc.REI
  • Table: Dick's Sporting Goods Inc. - financial performance
  • Table: Modell's Sporting Goods - financial performance
  • Table: Bass Pro Shops, Inc. - financial performance
  • Table: REI - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Sporting Goods Stores in New York Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Sporting Goods Stores in New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Baby Boomers
  • The demographic of Americans born between 1946 and 1964, accounting for a major proportion of the population.
  • Electronic Data Interchange (Edi)
  • The transmission of data between businesses from one computer system to another.
  • Point-Of-Sale (Pos)
  • A system used at checkout in retail stores using computers and cash registers to capture transaction data at the time and place of sale.
  • Why buy this report?

    IBISWorld’s industry research report on Sporting Goods Stores in New York can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Sporting Goods Stores in New York:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Sporting Goods Stores in New York market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Sporting Goods Stores in New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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