Press release
Sporting Goods Stores Market Dazzling Worldwide | Major Giants Decathlon, Dick's Sporting Goods
Sporting Goods Stores Market
Major Manufacturers are covered:
Decathlon (France), Dick's Sporting Goods (USA), Academy Sports + Outdoors (USA), Sports Direct (UK), REI (USA), Cabela's (USA), Intersport (Switzerland), Decathlon (France), JD Sports (UK), Academy Sports (USA), Bass Pro Shops (USA), Sports Authority (defunct, replaced by others), Decathlon (France), Dick's (USA), Intersport (Switzerland).
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Sporting goods market to grow from US$786.47 Mn in 2024 to US$1428.45 Mn by 2031, driven by rising health awareness & active lifestyles, at 8.9% CAGR.
The following Key Segments Are Covered in Our Report
By Type
Specialty Stores, Department Stores, Online Stores, Hypermarkets, Brand Outlets, Discount Stores, Franchises, Direct-to-Consumer Outlets
By Application
Team Sports, Outdoor Recreation, Fitness & Gym Equipment, Water Sports, Racquet Sports, Footwear & Apparel, Hunting & Fishing, eSports Accessories
Definition:
The Sporting Goods Stores Market includes brick-and-mortar and online retail outlets that sell sports apparel, equipment, accessories, and outdoor gear. These stores cater to amateur and professional athletes as well as recreational consumers. The market is shaped by increasing health consciousness, government fitness initiatives, and a surge in outdoor and home-based fitness trends post-pandemic.
Market Trends:
• Virtual try-ons, Eco-conscious brands, AI-based inventory management, Smart wearables integration, Gender-inclusive sports gear, Personalization, Mobile checkout systems, Experiential retail
Market Drivers:
• Growth in health awareness, Increase in fitness subscriptions, Surge in outdoor sports, Sports tech integration, Rise in athleisure wear, Urban sports parks, Youth sports funding, Expansion of digital retail
Market Challenges:
• Inventory seasonality, High real estate costs, Intense competition from e-commerce, Shrinking margins, Logistics and returns, Consumer brand loyalty shifts, Inflation impact, Counterfeit product risks
Market Opportunities:
• Untapped tier 2-3 city potential, Youth and women engagement, Custom product lines, Virtual fitness retailing, Partnerships with sports clubs, Sustainable product lines, Market entry in emerging regions, Sports-themed loyalty programs
Dominating Region:
• Asia-Pacific
Fastest-Growing Region:
• North America & Europe
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Sporting Goods Stores Market segments by Types: Specialty Stores, Department Stores, Online Stores, Hypermarkets, Brand Outlets, Discount Stores, Franchises, Direct-to-Consumer Outlets
Detailed analysis of Sporting Goods Stores Market segments by Applications: Textiles, Home Furnishings, Automotive, Industrial Use
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• North America: United States of America (US), Canada, and Mexico.
• South & Central America: Argentina, Chile, Colombia, and Brazil.
• Middle East & Africa: Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Israel, Egypt, and South Africa.
• Europe: the UK, France, Italy, Germany, Spain, Nordics, BALTIC Countries, Russia, Austria, and the Rest of Europe.
• Asia: India, China, Japan, South Korea, Taiwan, Southeast Asia (Singapore, Thailand, Malaysia, Indonesia, Philippines & Vietnam, etc.) & Rest
• Oceania: Australia & New Zealand
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Sporting Goods Stores Market Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
Five forces analysis-the threat of new entrants, the threat of substitutes, the threat of competition, and the bargaining power of suppliers and buyers-are carried out to better understand market circumstances.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
Points Covered in Table of Content of Global Sporting Goods Stores Market Market:
Chapter 01 - Sporting Goods Stores Market Executive Summary
Chapter 02 - Market Overview
Chapter 03 - Key Success Factors
Chapter 04 - Global Sporting Goods Stores Market - Pricing Analysis
Chapter 05 - Global Sporting Goods Stores Market Background or History
Chapter 06 - Global Sporting Goods Stores Market Segmentation (e.g. Type, Application)
Chapter 07 - Key and Emerging Countries Analysis Worldwide Polyester Fiber Market
Chapter 08 - Global Sporting Goods Stores Market Structure & worth Analysis
Chapter 09 - Global Sporting Goods Stores Market Competitive Analysis & Challenges
Chapter 10 - Assumptions and Acronyms
Chapter 11 - Sporting Goods Stores Market Research Method Polyester Fiber
Thank you for reading this post. You may also obtain report versions by area, such as North America, LATAM, Europe, Japan, Australia, or Southeast Asia, or by chapter.
Nidhi Bhawsar (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +15075562445
sales@htfmarketintelligence.com
About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.
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