$115.8bn
$X.Xbn
617k
90,504
$XX.Xbn
The Sporting Goods Stores industry has benefited from a growing number of health-conscious consumers. Sports participation has increased, requiring more athletic apparel, footwear and other sporting goods for fitness regimens. Alternative exercise methods have gained popularity, with many individuals participating in CrossFit and yoga, stimulating demand for related sporting goods, apparel and footwear. According to the American College of Sports Medicine, one of the most popular fitness trends is fitness classes for older adults, which boosts sales of athletic apparel, footwear and ergonomic sports equipment for this demographic. The industry has exhibited consolidation, which has enabled large-scale sporting goods retailers to bypass sporting wholesalers, securing supply contracts directly with manufacturers. In 2020, the stay-home order boosted sales as a large share of the population stayed home, giving them more time to exercise. In 2020 alone, revenue grew 28.2%. Overall, revenue for sporting goods stores is expected to swell at a CAGR of 6.9% to $115.8 billion through the end of 2024, including modest growth of 1.1% in 2024.
Industry revenue has grown at a CAGR of 6.9 % over the past five years, to reach an estimated $115.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Dick's Sporting Goods, Inc. | 9,338.5 | 819.0 | 8.8 | |
BPS Direct LLC | 7,573.6 | 370.9 | 4.9 | |
Academy Sports & Outdoors | 4,744.3 | 184.0 | 3.9 |
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Industry revenue is measured across several distinct product and services lines, including Sporting equipment, Firearms and hunting equipment and Athletic apparel. Sporting equipment is the largest segment of the Sporting Goods Stores in the US.
The number of consumers seeking to develop home gyms boosted demand for sporting equipment
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.
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NAICS 45111 - Sporting Goods Stores in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Despite significant pressures in the retail sector during the pandemic, the industry expanded in 2020. A surge in gun sales and other outdoor and at-home sporting equipment, ...
Learn about an industry's products and services, markets and trends in international trade.
Stores that sell firearms gained a competitive advantage since firearms were an essential product offering amid the pandemic. Firearm sales surged as consumers were fearful, ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The geographical spread of establishments closely reflects the distribution of the nation's population. Sporting goods stores are concentrated in the Southeast and West regio...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Intensifying competition from mass merchandisers and online retailers has partially constrained growth because of strong price-based competition. While the former competitor ...
Learn about the performance of the top companies in the industry.
Dick's Sporting Goods, BPS Direct and Academy Sports & Outdoors are the industry's largest retailers. Each of these companies commands more than 5.0% of the market share.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Amid the pandemic, many state and local regulations forced retail stores to close to aid in social distancing. However, sporting goods stores that sell firearms were permitte...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Cost structures vary among retailers depending on specialization and size of operation. Larger stores can use economies of scale to command better prices.
Including values and annual change:
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Key data sources in the US include:
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The market size of the Sporting Goods Stores in the US industry in United States is $115.8bn in 2024.
There are 90,504 businesses in the Sporting Goods Stores in the US industry in United States, which has grown at a CAGR of 11.8 % between 2019 and 2024.
The market size of the Sporting Goods Stores in the US industry in United States has been growing at a CAGR of 6.9 % between 2019 and 2024.
Over the next five years, the Sporting Goods Stores in the US industry in United States is expected to grow.
The biggest companies operating in the Sporting Goods Stores market in United States are Dick's Sporting Goods, Inc., BPS Direct LLC and Academy Sports & Outdoors
Athletic uniforms retailing and Bicycle (except motorized) retailing are part of the Sporting Goods Stores in the US industry.
The company holding the most market share in United States is Dick's Sporting Goods, Inc..
The level of competition is high and increasing in the Sporting Goods Stores in the US industry in United States.