Athletic & Sporting Goods Manufacturing in the US - Industry Market Research Report

Athletic & Sporting Goods Manufacturing in the US - Industry Market Research Report
Athletic & Sporting Goods Manufacturing in the US

Over the next five years, the Athletic and Sporting Goods Manufacturing industry's performance was bolstered by rising disposable income, in addition to robust demand for athletic and sporting goods following the COVID-19 pandemic. Nonetheless, greater industry growth has been hampered by sustained import competition, with imports comprising 55.0% of domestic demand in 2023. Health consciousness has also fallen in the United States over the past five years, hindering industry manufacturers that provide equipment that requires exercise. Additionally, the amount of time consumers spend on technology has risen during the period, limiting the amount of time individuals participate in activities like golf, which use industry products. Overall, industry revenue increased at a CAGR of 1.4% to $11.0 billion over the past five years, including a 1.3% decline in 2023 alone.

Establishments in this industry manufacture a range of sporting and athletic goods, including balls, bags, clubs, gloves, skates, protective equipment, boards, fishing gear and other supplies. These finished products are then marketed to wholesalers and retailers. Establishments that are engaged in the manufacturing of athletic apparel and footwear are excluded from this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.