$63 Billion Sporting Goods Market Analysis

iHumanMedia.com – Examines the high growth sporting goods market. Equipment sales by channel of distribution in the U.S. from 2008 to 2014.

Consumer sales of sporting goods in the United States amounted to over $63 BILLION in 2015. Athletic and sports footwear made-up about $21 Billion.

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Of the brands sold about 25% were purchased in sporting goods stores, making these stores the most popular channel for the distribution of sports equipment in the United States. In the same year, sporting goods store sales amounted to around $44 billion, the highest amount to-date and an increase of $10 billion from 2006. Based on retail sales, the leading U.S. sporting goods store chain is Dick’s Sporting Goods, which generated sales of over $6.2 billion. As of 2014, there are over 620 Dick’s Sporting Goods stores across the United States and the Pennsylvania-based company announced gross profit of almost 2 billion U.S. dollars for the year.

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In 2015, about 15% of all sporting goods are sold online with an estimated 200 million U.S. citizens shopping through mobile Internet and social media networks reported iHumanMedia.com

The sporting goods industry profit margins generally run about 35% per item.