IRVING, Texas, March 19, 2012 (GLOBE NEWSWIRE) -- The global retail sporting goods market holds substantial opportunities for sporting goods suppliers due to strong product demand in the three market segments: athletic apparel, athletic footwear, and equipment. The market is forecast to reach an estimated $266 billion in 2017 with a CAGR of 4% over the next six years (2012–2017).
Lucintel, a leading global management consulting and market research firm, has analyzed the global retail sporting goods market and presents its findings in "Global Retail Sporting Goods Market Analysis 2012–2017: Industry Trends, Profit, and Forecast Analysis."
This industry is comprised of businesses that are primarily engaged in the retailing of sporting goods, such as camping equipment, exercise and fitness equipment, athletic uniforms, specialty sports footwear, apparel, and accessories. As indicated by the study, the global retail sporting goods market is highly fragmented. North America dominates this market, although Asia and Rest of World represent strong potential growth markets for the industry over the forecast period.
Rising raw material and labor costs as well as frequent changes in consumer taste and preference are some of the challenges facing the sporting goods industry. Increasing individual participation, more sporting events, rising consumer income, and improving product features are likely to boost the sporting goods market. A combination of factors such as demographics and consumer spending impacts this market's dynamics significantly.
Lucintel's report is a cost-effective tool that depicts the key aspects of the sporting goods market. The information in the report provides readers with the most current analysis of the market for confident and timely decision making. This report tracks the three market segments across four regions – North America, Europe, Asia Pacific, and Rest of World – thus it tracks 12 segments of the global sporting goods market. The report highlights annual trends for the past six years and forecasts for the next six years – helping executives plan for inventory and resource management.
For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit www.lucintel.com.
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