Irving, TX (PRWEB) May 27, 2012
The global retail sports equipment industry is expected to witness a modest growth and reach an estimated US $94 billion in 2017 with a CAGR of 2.2% over the next five years.Population growth, changing lifestyles in emerging economies, and growing awareness for health and fitness are expected to drive growth.
Lucintel, a leading global management consulting and market research firm, has analyzed the global retail sports equipment industry and presents its findings in “Global Retail Sports Equipment Industry 2012–2017: Trends, Profit, and Forecast Analysis.”
The sports equipment market consists of equipment for ball sports (baseball, softball, basketball, soccer, football, volleyball, cricket, hockey, etc.), adventure sports (camping, hunting and firearms, skin diving and scuba, water skiing, surfboarding, and sail boarding), fitness, golf, racket sports, and more.
The industry is highly fragmented, and low exit barriers and subdued industry growth make the competitive rivalry of the industry moderate. Lucintel’s research indicates that rising income levels in the lower-tier cities of emerging Asian countries is likely to drive the sports equipment industry. Rising raw material, labor costs, and rising inflation pose a challenge to the sporting industry; however, the ability to create new product technology and other performance-improving features is expected to drive the sports equipment industry over the forecast period. ROW and APAC are expected to lead the industry during forecast period.
The industry is expected to extend its presence with rapidly growing markets of India, Indonesia, and Vietnam, providing significant potential for sports equipment. Apart from the tier one cities such as Hong Kong, Beijing, and Shanghai, China’s second-tier cities also depict attraction for luxury brands.
This study provides a concise overview of the global retail sports equipment industry. The report tracks four regions of the global retail sports equipment industry. This report also addresses revenue of manufactures who are retailers as well.
For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk (at) lucintel (dot) com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency.