In 2023, the estimated sales of sporting goods stores in the US stood at 46.82 billion USD. The forecasted data from 2024 to 2028 shows a consistent upward trajectory in sales, rising from 48.29 billion USD in 2024 to 50.71 billion USD in 2028. This reflects an average compound annual growth rate (CAGR) of approximately 1.96% over the five-year period.
The year-on-year variations are as follows:
- 2024: 3.14% increase from 2023
- 2025: 1.28% increase from 2024
- 2026: 1.27% increase from 2025
- 2027: 1.21% increase from 2026
- 2028: 1.16% increase from 2027
Looking ahead, key trends to monitor include the impact of e-commerce growth on brick-and-mortar sporting goods stores, shifts in consumer spending towards at-home fitness equipment, and the increasing popularity of outdoor recreational activities. Additionally, technological advancements in sports gear and apparel could drive further market expansion.
