The rising status of professional athletes has encouraged sports training among children
Los Angeles, CA (PRWEB) August 15, 2012
Sports coaches have gained a lot from the rising status of US professional sports players and their growing salaries. “This trend has encouraged more children (and parents) to aspire to become professional athletes and has increased demand for the intensive sports instruction provided by this industry,” says IBISWorld industry analyst Dale Schmidt. This demand has contributed to the estimated 3.4% average annual revenue growth rate over the five years to 2012. The Sports Coaching industry provides sports and recreational instruction to children of all ages. In 2012, revenue is expected to grow 5.4% to $5.9 billion, and the industry will contribute $4.0 billion to the gross domestic product of the United States. IBISWorld expects there will be 92,200 sports coaching facilities in the United States during 2012. As with most other smaller industries in education, a large proportion of these will be nonemploying. These establishments can provide a minimal number of courses to students in their local communities. Of the employing operations, about 18.3% are exempt from federal income tax.
Over the five years to 2017, the Sports Coaching industry growth is forecast to pick up, pushing revenue growth strongly during the five-year period. A growing population and an improving economy will lead to more sports programs and more participants. The increased popularity of individual sports, such as tennis, golf and mixed martial arts, will also help increase the number of coaches. Lastly, with the riches that can be obtained playing sports professionally, there will be a greater demand for coaches to teach children at a younger age.
This industry has a large number of small and non-employing establishments operating solely in their local area and providing sports training in particular to young people in their local communities. Non-employing establishments account for roughly 86% of total establishments, and over 80% of employing establishments have fewer than 10 employees. According to Schmidt, the largest 150 sports coaching firms account for less than 2.0% of total establishments in the US and the four largest firms account for less than 6.0% of total industry revenue. There are no major players that dominate this industry. Industry concentration is therefore considered to be low. Furthermore, the industry contains some firms that operate in several locations. For example, Pop Warner Little Scholars, Inc. provides football, cheerleading and dance training at different locations in 41 states. Although each location operates separately, the brand is a large operator in sports coaching. For more information, visit IBISWorld’s Sports Coaching in the US industry report page.
Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189
IBISWorld industry Report Key Topics
This industry includes camps and schools that offer instruction in athletic activities to groups or individuals. Overnight and day sports instruction camps are also included in this industry.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.