Low spirit: Greater online shopping will exacerbate any threats to industry growth
Online sporting apparel sellers retail sports-related apparel and accessories, including tops, bottoms, outerwear and warm-ups, swimwear and footwear, through e-commerce platforms. Through the end of 2023, the number of industry enterprises will increase, rising at a CAGR of 12.2% to 4,081 companies. During that time, the industry has benefited from greater sports participation and the growing acceptance of online shopping, increasing internet connectivity. Also, the sector experienced extensive growth in 2020 as many people became unemployed and stay-at-home orders were implemented; these factors led many to spend more time on recreational activities like sports. Overall, industry revenue has grown at a CAGR of 10.3% over the past five years and is expected to total $12.3 billion in 2023, when revenue will dip an estimated 2.5%.
This industry retails men's and women’s sports apparel via the internet. This includes online-only retailers, as well as brick-and-mortar stores that have an online presence.
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's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Foot Locker Inc.
- Nike Inc.
Methodology
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