The Sports & Leisure Equipment segment in United States of America registered Market value of USD 98,439.03 Millions in 2024
The indicator recorded a historical growth (CAGR) of 1.64% between 2021 to 2024, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...
The Market value of Sports & Leisure Equipment Segment in the United States of America (2018 - 2026, USD Millions)
Sports & Leisure Equipment Segment in the United States of America
Sports equipment Includes ball sports equipment, adventure sports equipment, fishing equipment, golf equipment, racket sports equipment, winter sports equipment, specialist footwear, and all other sports-dedicated equipment. Gym equipment is included; however, Smart Watches and Nutrition supplements are not. It excludes all B2B sales made to sports associations and clubs.
The US sports equipment market experienced a slight decline in value during the historic period, weak growth was offset by a strong decline in market revenue during 2020. Growth is forecasted to return at a modest pace through 2025. The primary factors driving the sports equipment retail market are the country’s levels of sports participation and the financial power of end-users. When sports participation is high, then demand for sports equipment is high as well; however, due to the nature of the market, there comes a point where it becomes saturated and this is because consumers would already own sports equipment of some kind, making them unwilling to swap it for a new one. This is where consumers’ financial power comes into play, where consumers with high financial power would be more than willing to change their old sports equipment, such as old sports shoes for new ones or the next year’s edition, driving demand up. On the other hand, consumers with low financial power will hold on to their existing sports equipment for a longer period, offsetting that demand.
COVID-19 Impact
The 2020 global COVID-19 pandemic and accompanying lockdown saw in many countries have severely restricted sports participation, both at the amateur and professional level. What’s more, many countries have closed sports facilities including gyms, health clubs, tennis courts, and golf courses as lockdown restrictions are imposed. This significant curtailing of the end-use of sports equipment is likely to have a detrimental effect on this market in 2020 and perhaps beyond. On the other hand, end consumers who are not professional athletes, still require sports equipment to exercise at home; however, the demand would be relatively low, compared to demand from professional athletes.
Competitive Landscape
The US sports retail market experienced healthy growth in 2020. The market consists of global sports brands Nike and Adidas, as well as large domestic specialist sports retailers Dick’s Sporting Goods and Academy Sports + Outdoors, Scheels, and Big 5 Sporting Goods. However, these companies still account for a relatively small percentage of the market value with leading players competing with other specialist sports equipment retailers, department stores, general retailers, sports brands, equipment manufacturers, and e-commerce companies such as Amazon. This highly fragmented market creates a highly competitive environment that is dynamic and brand-focused.
Market distribution
Other Specialist Retail form the leading distribution channel in the United States sports equipment retail market.
Who are the leading players?
Dick’s Sporting Goods, Inc
Academy Sports + Outdoors
Big 5 Sporting Goods Corporation
United States of America
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United States of America
China
Germany
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United States of America
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