Onliane Sports Retailing Market 2017-2021

Overview of the global online sports retailing market

Market research analysts at Technavio predict that the global online sports retailing market will grow steadily at a CAGR of close to 4% by 2021. Owing to the high penetration of internet services, improved economy, and the upgradation of purchase and delivery options, there is an increasing preference for shopping through smart devices. Additionally, the emergence of m-commerce and the focus of e-commerce platforms towards providing detailed information on products including quality, safety measures, and user guidance to the consumers, also drives the preference of consumers towards online shopping. According to this market research and analysis, this rise in online spending will be one of the major factors that will have a positive influence on the growth of the online sports retailing market.

There is a rising trend for purchasing consumer electronics online and this is mainly due to the increasing emphasis on mobile commerce. Due to the increasing popularity of shopping through mobile devices, the coming years will witness a significant increase in online retail sales. Furthermore, the increased security features for online payments, free delivery, improved online customer services, and the customer-friendly designs of shopping websites, also contribute to the growth of the m-commerce market. This rising emphasis on mobile commerce will be one of the major trends that will gain traction in the online sports retailing market during the next few years.

Competitive landscape and key vendors

Characterized by the presence of several online players operating across the globe, this market appears to be highly competitive. Due to factors such as price wars, mergers and acquisitions, and seasonal sales, the level of competition among the vendors in this marketspace will further intensify in the coming years. With the increasing competition, the vendors in the online sports retailing market are focusing on technological innovations, which will help them meet consumer expectations. Furthermore, to attract customer preference, the vendors are also concentrating on offering a wide range of products, enhancing the ease of browsing, and providing different payment options.

The leading vendors in the market are -

• Academy Sports + Outdoors
• Amazon.com
• Alibaba.com
• DICK's Sporting Goods
• Walmart

The other prominent vendors in the market include Adidas, ASICS, Columbia Sportwear, MIZUNO, Nike, PUMA, and Under Armour.

Segmentation by product and analysis of the online sports retailing market

• Sports equipment
• Sports apparel
• Sports footwear

During 2016, the sports apparel segment accounted for the major shares and dominated this market. Factors such as the increased comfort, better costs, and product variety provided by online sports apparel retailers, will contribute to the growth of this market segment in the coming years. Additionally, the growing trend towards network marketing, mobile commerce, and the presence of social media, will also boost the growth of the online sports retailing market in this segment.

Geographical segmentation and analysis of the online sports retailing market

• APAC
• Europe
• North America
• ROW

This market study estimates that in terms of geographic regions, North America will be the major revenue contributor to the market throughout the predicted period. Due to the increasing obesity rates, consumers in this region are increasingly focusing on having a healthy lifestyle, which will drive the demand for sports apparel and equipment. Furthermore, the increase in number of innovative product launches and the implementation of regulations that mandate the use of protective gear, will also augment the growth prospects of the online sports retailing market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global online sports retailing market?
• What are the key market trends impacting the growth of the global online sports retailing market?
• What are the challenges to market growth?
• Who are the key vendors in the global online sports retailing market?
• What are the market opportunities and threats faced by the vendors in the global online sports retailing market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global online sports retailing market?

Technavio also offers customization on reports based on specific client requirement.

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 major share of the revenue is generated from the sale of various sports apparel, sports footwear, sports protective equipment, sports equipment, such as ball sports, adventure sports, golf, and fitness equipment, and others. With the exponentially increasing popularity of e-commerce in sports retailing, the upcoming industry research report from Technavio on online sports retailing market for the forecast period of 2017 to 2021, which will provide detailed insights to the clients to achieve sustainable growth strategies. To achieve a consistent growth on the global market landscape, our industry research experts identify and analyze factors that play an imperative role in the growth of the overall consumer and retail industry.

To support clients implement high impact solutions, this forthcoming research report on online sports retailing market also considers other similar markets such as sports ATV equipment market  and online electronics retailing market, which are expected to project a CAGR of above 5% and more than 14%, for the assessment period 2017-2021. According to our market research analyst, the rising popularity of digital payment system is expected to propel growth in the online sports retailing market during the next four years.  Digital payment services allow consumers to make payments at the point of sale through a mobile device. The transactions can be completed in a few steps on the phone. With an in-depth analysis of the various parameters including the change in consumer behavior and the overall market performance, Technavio offers a customized reports that support businesses identify new growth opportunities.

The upcoming report for online sports retailing market also focuses on the key drivers, trends, along with the challenges currently experienced by the general retail goods and services sector. To present an overall view of the future direction of the consumer and retail industry, this market study also presents insights into the volatile competitive scenario coupled with the products and services offered by major market suppliers across the globe.