Nothing but net: The industry will basket revenue growth as sports participation propels industry demand

Over the five years to 2018, the Sporting Goods Stores industry in Canada has fared well due to strong demand from health-conscious individuals and growth in per capita disposable income. In particular, alternative exercise methods gained popularity throughout the period, with many individuals participating in CrossFit, tai chi, yoga and Pilates, which have stimulated demand for related sporting goods, apparel and footwear. However, intensifying competition from external competitors, such as department stores and mass merchandisers that also offer sporting goods in their product portfolio, has constrained industry revenue growth due to high price-based competition...read more.

Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 13-18
3.9%
Forecast Growth 18-23
Profit
Employment
39,206
Businesses
3,617

Industry Threats & Opportunities

  • The industry has fared well due to demand from health-conscious individuals and growth in per capita disposable income
  • Low-cost sporting goods have enabled industry operators to compete on the basis of price
  • More health-conscious elderly individuals will begin to lead active lifestyles to prolong their life span
  • Industry Report - Industry Locations Chapter

    Similar to most retail industries, the Sporting Goods Stores industry in Canada follows the dispersion of the Canadian population. Industry establishments are primarily concentrated in Ontario, with 32.0% of industry establishments, Quebec (24.6%), British Columbia (18.7%) and Alberta (12.0%). Comparatively, according to 2017 (latest data available) data from Statistics Canada, the Canadian population is largely concentrated in Ontario, with 38.7% of the total population, followed by Quebec (22.9%), British Columbia (13.1%) and Alberta (11.7%).Typically, sporting goods retailers locate near consumers and develop establishments in areas with high customer foot traffic, such as malls and shopping centres. In ...purchase to read more.

    Additional Insights for the Sporting Goods Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Sporting Goods Stores Industry are

  • Inventory of goods currently favoured by the market
  • Management of seasonal inventory
  • Attractive product presentation
  • IBISWorld analysts also discuss how external factors such as External competition for the Sporting Goods Stores industry and Per capita disposable income in the Sporting Goods Stores industry impact industry performance..

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    What's in this report

    What is the Sporting Goods Stores Industry?

    This industry retails new sporting goods, including bicycles, camping equipment, exercise and fitness equipment, apparel, footwear and other sporting goods and accessories. Products are sourced from sporting goods manufacturers and wholesalers and then sold to the general public via retail stores. Department stores, mass merchants and retailers that exclusively sell apparel are not included in this industry.

    Industry Products
  • Athletic clothing
  • Firearms and hunting equipment
  • Hockey equipment
  • Athletic footwear
  • Sporting equipment
  • Industry Activities
  • Athletic uniforms retailing
  • Bicycle (except motorized) retailing
  • Bowling equipment and supply retailing
  • Diving equipment retailing
  • Exercise equipment retailing
  • Fishing supply retailing
  • Golf equipment and supply retailing
  • Sporting goods (e.g. scuba, skiing and outdoor) retailing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • External competition for the Sporting Goods Stores industry
  • Per capita disposable income
  • Demand from gym, health and fitness clubs
  • Leisure time

  • Current Performance
  • Sports landscape
  • Competition intensifying
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • An active aging population
  • Competitive playing field
  • Table: Sporting Goods Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Sporting Goods Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Golf Courses & Country Clubs in Canada
  • Gym, Health & Fitness Clubs in Canada
  • Golf Driving Ranges & Family Fun Centres in Canada
  • Civic, Social & Youth Organizations in Canada
  • Consumers in Canada

  • Key Selling Industries
  • Advertising Agencies in Canada
  • Clothing & Clothing Accessories Wholesaling in Canada
  • Footwear Wholesaling in Canada
  • Shoe & Footwear Manufacturing in Canada
  • Sports Coaching in Canada

  • Products & Services
  • Sporting equipment
  • Athletic clothing
  • Athletic footwear
  • Other
  • Firearms and hunting equipment
  • Hockey equipment
  • Chart: Sporting Goods Stores Industry Products and Services Segmentation

  • Demand Determinants
  • Participation rates drive demand

  • Major Markets
  • Individuals aged 35 to 54
  • Individuals aged 55 and older
  • Individuals aged 25 to 34
  • Individuals aged 19 and younger
  • Individuals aged 20 to 24
  • Chart: Major Market Segmentation for the Sporting Goods Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent, utilities and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Sporting Goods Stores

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Sporting Goods Stores Industry

  • Industry Globalization
    Canadian Tire Corporation Limited,
  • Table: Canadian Tire Corporation Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Sporting Goods Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Sporting Goods Stores Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Per capita disposable income (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Baby Boomers
  • The demographic of Canadians born between 1946 and 1964, accounting for a major proportion of the population.
  • Electronic Data Interchange (Edi)
  • The transmission of data between businesses from one computer system to another.
  • Point-Of-Sale (Pos)
  • A system used at checkout in retail stores using computers and cash registers to capture transaction data at the time and place of sale.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Sporting Goods Stores market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Sporting Goods Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Sporting Goods Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Sporting Goods Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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