Increased awareness of the health benefits of exercise will drive domestic sales of sports equipment.
San Francisco, CA (PRWEB) November 11, 2012
The Sports Equipment Manufacturing industry in China is expected to generate $18.3 billion in 2012. Over the past five years, revenue has been growing at an annualized rate of 14.4%, says IBISWorld. The industry is heavily influenced by foreign demand with exports accounting for over half of industry revenue. A decline in revenue in 2009 was due to a drop in exports resulting from the global recession that started in late 2008.
The Sports Equipment Manufacturing industry in China is subject to a low market share concentration level. There are 1,394 enterprises operating in this industry, most of which are small- and medium-scale companies. The top four industry players, Zhongshan Worldmark, Taishan, Guangwei and Daito-Osim, account for about one-tenth of total industry revenue, with no one manufacturer dominating the industry.
With the advancement of the economy and technology, people are paying more attention to the health benefits of regular exercise, which will support revenue growth in the Sports Equipment Manufacturing industry. In addition, more stringent regulations from the National Committee of the Standardization Techniques for Sporting Goods will help to standardize the market environment. Lastly, the government will regulate the quality standards of products to match international standards, which will drive export growth.
For more information, visit IBISWorld’s Sports Equipment Manufacturing industry in China 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
Establishments in the Sports Equipment Manufacturing industry produce balls, athletic equipment, fitness training equipment, sports protection equipment and other sporting and athletic goods. Manufacturers of sporting apparel and footwear are not included in the 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.