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Page Length: | 10-12 |
Last Quarterly Update: | 8/4/2025 | |
SIC Codes: | 5941 | |
NAICS Codes: | 45911 |
Chapters Include: | ||
Industry Overview | Trends & Challenges | Industry Forecast |
Quarterly Industry Update | Call Prep Questions | Website & Media Links |
Business Challenges | Financial Information | Glossary & Acronyms |
Companies in this industry operate physical retail stores specializing in sporting goods, athletic and fitness wear, fitness equipment, and related products. Major companies include Bass Pro Shops, Big 5 Sporting Goods, Cabela's, Dick's Sporting Goods, Hibbett Sports, and REI Co-op (all based in the US), as well as Canadian Tire (Canada), Decathlon and Groupe GO Sport (both based in France), and Sport Direct International (UK).
The global retail market for sporting goods is forecast to reach over $1 billion by 2030, according to Lucintel. Developing regions such as Asia/Pacific, Central and Eastern Europe, the Middle East, and Latin America are expected to see more rapid growth.
The US retail sporting goods industry includes more than 20,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $45 billion.
COMPETITIVE LANDSCAPE
Sporting goods retail has faced significant disruption in recent years. Many chains including City Sports, Sports Authority, Sports Chalet, MC Sports, and most recently family-owned Modell's Sporting Goods have gone out of business. While the full extent of the damage to the industry from the economic shutdown due to COVID-19 remains to be seen, demand for sporting goods plummeted as retailers closed up shop. Small- and medium-sized operators, especially those without a significant online presence, are especially vulnerable to the economic effects of the pandemic.
Migration to online shopping has been a key factor in several recent bankruptcy filings and ...
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