Lewes, DE -- (SBWire) -- 06/15/2017 --Report forecast the global online sports retailing market to grow at a CAGR of 3.57% during the period 2017-2021.
Online sports retailing market consists of different objects and gears used in any sporting activities. These includes sports apparel, sports protective equipment, sports equipment, and sports footwear. The market's revenue generates from the sales of various sports apparel, sports footwear, sports protective equipment, and sports equipment for ball sports, adventure sports, golf, fitness, and others. With the increasing demand for eco-friendly sports equipment and the strong presence of social media, the market will likely post a favorable growth rate during the forecast period.
The report covers the present scenario and the growth prospects of the global online sports retailing market for 2017-2021. To calculate the market size, the report considers the sales/volume/value and excludes new installations/shipments and retrofit/replacement/spares/aftermarket/services market.
The market is divided into the following segments based on geography:
- APAC
- Europe
- North America
- ROW
According to the report, one of the major drivers for this market is rise in online spending and smartphone penetration. In the US, an increase in the internet penetration has been a key driver for the growth of the online sports retailing market. As of June 2015, 280.7 million people in the US were internet users, and this number is the third-largest globally, after China and India. As of January 2016, North America recorded the highest in terms of internet penetration with a share of 87.5%. It was followed by Western Europe with 82.5% share and Eastern Europe with 63.5% share.
Further, the report states that one of the major factors hindering the growth of this market is high price. The high price of sports equipment is one of the major challenges that is hindering the growth of the global online sports retailing market. The cost of sports equipment offered by global vendors is very high, which might restrict sales in the coming years. Most end-users in developing regions are reluctant to use branded sports equipment because of their high cost, which in turn affects the overall revenue of the global market.
Global Online Sports Retailing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global online sports retailing market: Academy Sports + Outdoors, Amazon.com, Alibaba.com, DICK's Sporting Goods, and Walmart.
Other Prominent Vendors in the market are: Adidas, ASICS, Columbia Sportwear, MIZUNO, Nike, PUMA, and Under Armour.
Market driver
- Rise in online spending and smartphone penetration
- For a full, detailed list, view our report
Market challenge
- High price
- For a full, detailed list, view our report
Market trend
- Mobile commerce and network marketing
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 70 pages "Global Online Sports Retailing Market 2017 - 2021" report covers Executive summary, Scope of the report, Research Methodology, Introduction, Market landscape, Market segmentation by product, Geographical segmentation, Key leading countries, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
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