Heavy lifting: An increase in sports participation will boost industry demand
The industry retails sporting goods such as exercise and fitness equipment and other sporting goods and accessories. In recent years, industry revenue has benefited from an increase in demand from health-conscious consumers and a rise in the percentage of business conducted online, particularly during the COVID-19 pandemic. Industry revenue is expected to increase at a CAGR of 14.7% to reach $43.4 billion in 2023, when revenue is set to grow 5.1%.
The Online Sporting Goods Sales industry includes online stores that retail new sporting goods such as bicycles, camping equipment, exercise and fitness equipment and other sporting goods and accessories. This industry does not include sporting apparel sales. Products are sourced from sporting goods manufacturers and wholesalers, and then sold to the general public via retail channels.
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 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:
- Recreational Equipment, Inc.
- Dick's Sporting Goods, Inc.
- BPS Direct LLC
Methodology
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