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The UK Sports Market 2017-2022

08-09-2017 04:42 PM CET | Sports

Press release from: ReportsWeb

ReportsWeb

ReportsWeb

ReportsWeb.com published “Sports Market” from its database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

"The UK Sports Market 2017-2022", report offers comprehensive insight and analysis of the sportswear, bicycles and sports equipment market, the major players, the main trends, and consumer attitudes. It provides in-depth analysis of the following: the hot issues impacting the market, strategies for success, market sizes and forecasts to 2022, retailer profiles, retailer market shares and consumer shopping habits and spending motivations.

Product categories covered in the report include: sports clothing, sports footwear, bicycles, golf, fitness equipment, camping, fishing, balls, skates, water sports, rackets and other sports.

For more information about this report at http://www.reportsweb.com/the-uk-sports-market-2017-2022

In 2017 and 2018 price inflation combined with weak consumer confidence and squeezed disposable incomes will cause more subdued volume growth in sports equipment. However, in contrast sales growth in the sportswear and bicycles segments are forecast to outperform, up 6.4% and 8.7% respectively in 2017. The continued shift in consumers prioritising spend on leisure, entertainment, health and wellness over core retail sectors benefits on-trend sports and activities with limited overhead costs, so sportswear and cycling retailers are uniquely placed to take advantage of this change in spending behaviour.

Scope

- The on-going athleisure trend remains pivotal to the growth of the sports market as sportswear makes up over half of the total UK sports market and is expected to consistently outperform the overall sports market over the next five years.
- The £0.4bn growth forecast in bicycles can be attributed to government's £1.2bn pledge to make cycling and walking the natural choice for short distances and the ongoing success of the British cycling team driving participation levels. Retailer investment in social engagement and consumer willingness to share goals and achievements will also encourage loyalty to the sport.
- Sports Direct maintains its position as the leading UK retailer for sports. However, it is under threat after failing to react fast enough to the athleisure trend and the rising consumer demand for more fashionable sportswear. As a result it is losing market share to Amazon, ASOS, H&M and its closest rival JD Sports.
- The gender spilt of sports shoppers is narrowing as more women buy into the sector. The health and wellness trend combined with greater accessibility of affordable, trend-led sportswear has driven this shift.
- Online spend on sports will grow by £1.8bn as Amazon and ASOS fuel penetration due to the greater accessibility of third party brands and the grocers and department stores reducing sports ranges instore. In stark contrast is the performance of physical stores where sales will fall 3.4% in the five years to 2022-led by the sports equipment and bicycles categories.

Request a sample copy at http://www.reportsweb.com/inquiry&RW0001978911/sample

Reasons to buy

- Utilise our five-year forecasts to 2022 for individual product categories and refocus your strategy on key areas of high growth.
- Use our sports retailer acquisitions and mergers tracker to identify what this means for your brand and how market shares have been impacted.
- Compare our analysis on leading sports retailers; enhance your understanding of their strengths and weaknesses and retailers' market share growth prospects to gain a competitive advantage.
- Recognise which consumers to target and how to attract them by utilising our shopper penetration data and understanding what influences their retailer selection and spending motivations.
- Identify which retailers are maximising social engagement opportunities and building sporting communities to garner customer loyalty, and adapt your strategy to better connect with consumers.

Companies Mentioned
Sports Direct
JD Sports
Lululemon
Sweaty Betty
Halfords
Mountain Warehouse
Evans Cycles
Argos
Wiggle
Chain Reaction Cycles
Amazon
Decathlon
Trespass
ASOS
Nike
Adidas
Tesco
Primark
H&M
Topshop
TK Maxx
Matalan
New Look
Under Armour
Asda
Go Outdoors
Cotswold Outdoors
American Golf

Inquire for Report at http://www.reportsweb.com/inquiry&RW0001978911/buying

Contact Us:
Call: +1-646-491-9876
Email: sales@reportsweb.com

ReportsWeb.com is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. We provide best in class customer Bauxite Mining and our customer support Bauxite Mining is always available to help you on your research queries.

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