Sporting Goods Industry — Statistics & Facts — Sportcash One
The sporting goods market in the United States is a billion dollar industry. Sporting goods store sales in the United States alone amount to more than 45 billion U.S. dollars annually. This includes many different product types such as athletic footwear, exercise equipment, licensed sports merchandise athletic apparel .
The sporting goods industry in the United States — additional information
As of 2015, the United States is still the largest single-country retail market in the world, although economical analysts predict China will take the lead by 2018. Asia and Australasia is already the leading region of the global retail market, with forecasted sales in 2016 amounting to some 12 trillion U.S. dollars, almost three times more than predicted sales in North America. As of 2013, the total value of retail trade sales in the United States amounts up to 4.64 trillion U.S. dollars, a sizeable growth from the 3.26 trillion figure reported a decade earlier.
A considerable share of the total sales for 2014, representing more than 63 billion U.S. dollars, was spent on sporting goods, which marks a 10 billion U.S. dollar increase in spending from 2008. Some 44 billion U.S. dollars were generated by sporting goods store sales, an almost threefold increase from the figures of three decades prior, while the 18 billion difference is shared between many other distribution channels, such as specialty sports shops, pro shops or discount stores. However, the second most popular way of buying sporting goods in the Unites States is through online shops and mail-orders, with sales on these platforms amounting to almost 10 billion U.S. dollars in 2014.
In a recent ranking of the leading sporting goods, footwear and apparel retailers in the United States in 2014, Walmart placed first, due to revenues that amounted to 9.6 billion U.S. dollars. The United States is also home to Nike, the most profitable sportswear and sporting goods company in the world, with 27.8 billion U.S. dollars in revenue in its 2014 fiscal year.
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