Athletic & Sporting Goods Manufacturing in the US - Market Research Report (2014-2029)

Athletic and sporting goods manufacturers have benefited from rising disposable income and robust demand for sports equipment following social distancing orders. During the initial hit of the pandemic, manufacturers experienced a dip in sales as social distancing requirements harmed sports participation rates. Additionally, the amount of time consumers spend on technology has risen during the period, limiting the amount of time individuals participate in activities that use sporting equipment like golf. However, improving macroeconomic conditions and pent-up demand for sports as the economy reopened enabled consumers to increase sports participation, resulting in large revenue gains in 2021. Although heightened inflationary pressures, elevated consumer uncertainty and less time spent on leisure activities have led to revenue losses in 2022 and 2024, these fall short of reversing the 2021 jump. As a result, revenue has been growing at an estimated CAGR of 0.1% to $10.1 billion through the end of 2024, including a 0.6% downward inching that year alone.