The US Online Sports Equipment Market reached USD 4 billion in 2012: Ken research The rising availability and affordability of mobile and tablet devices has propelled e-commerce purchases of sports equipment across the US Online portals have contributed a significant share to the overall sporting equipment sales in the US in recent years. Online sales of sporting equipments have been witnessed across people of all regions, having driven to a large extent by the growth of broadband in the US. Easy payment methods, easy delivery and installation, fast service, increasing adoption of smartphones and tablets, and lucrative discounts coupled with the reluctance of consumers to shop outdoors, have led to the massive growth of online sales of sporting equipment in the US. The growth of the e-commerce in the US has prompted a number of sporting equipment manufacturers and retailers to venture into new territories in order to attract new customers over the internet. The US sports equipment market revenues have increased from USD ~ million in 2006 at a CAGR of 2.1% to USD ~ million in 2012. Sales of sporting equipments on the online channel is expected to augment the revenues from the sporting equipment industry in the coming years. In 2012, the online mode of distribution of sporting equipments contributed ~% to the overall consumer purchases in the US. According to the research report “The US Sports Equipment Industry Outlook to 2017 – Online Sales of Sports Equipments Gaining Traction” by Ken Research, the US sporting equipment market would grow at a considerable CAGR, exceeding USD 34,541.8 million by 2017 due to continued increase in personal disposable income of the US population and rising in number of sports participants “While rising disposable incomes, soaring population and increase in the number of partipants in sporting activities will result in increased spending on sporting equipments in US, the growth of broadband will most likely change the distribution pattern of sporting equipment in the US”, according to the Research Analyst, Ken Research. The report discusses six major categories of sports equipment including fitness equipments, hunting and firearms equipments, golf equipments, fishing equipments, camping equipments and optical equipments market along with key parameters including industry size, market share of major players and trends and developments prevailing in the sector. The publication provides detailed overview on the sports equipment market in the US and will be helpful for sports equipment manufacturers, government, companies stepping up in this industry and private investors to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. Additionally, the report will help industry consultants, retailers and other stakeholders align their market centric strategies according to ongoing and expected trends in future.
For more information on the industry research report please refer to the below mentioned link: http://www.kenresearch.com/consumer-products--retail/specialty-retail-products/the-us-sportsequipment-industry/391-95.html
Published on Aug 16, 2013
The rising availability and affordability of mobile and tablet devices has propelled e-commerce purchases of sports equipment across the US