What is Sports Online Retailing Market?
The pandemic has fast-tracked the growth of the e-commerce industry. The online sports retailing market comprises of a variety of products and equipment that can be utilized in a variety of sporting activities. Sports attire, sports protective equipment, sports equipment, and sports footwear are among them. The global epidemic has had an impact on not just where people shop (in-store or online), but also what they buy, with many online sport and equipment companies reporting a significant rise in sales. Sports retailing on the internet Targeting a specific type of customer has proven to be successful for some online sport and fitness companies. Increased demand for sport and fitness products, as well as an increase in online buying as a result of COVID-19, are the two biggest opportunities for online retailers right now. People have flocked to streaming fitness videos and outdoor exercise, such as walking and jogging, because exercise was one of the few things allowed under lock down.
Highlights from Sports Online Retailing Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Nike, Inc. (United States), Amazon (United States), Walmart Inc. (United States), jd.com (China), Dick's Sporting Goods, Inc. (United States), Adidas (Germany), Alibaba.com (China), Academy Sports + Outdoors (United States), Li Ning (China) and MIZUNO (Japan) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Sports Online Retailing market throughout the forecasted period.
Nike, Inc. (United States), Amazon (United States), Walmart Inc. (United States), jd.com (China), Dick's Sporting Goods, Inc. (United States), Adidas (Germany), Alibaba.com (China), Academy Sports + Outdoors (United States), Li Ning (China) and MIZUNO (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Under Armour (United States) and Columbia Sportswear (United States). Sports Online Retailing Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Men, Women and Children |
Type | Sports Equipment, Sports Apparel, Sports Footwear and Other |
Sales Channel | Business-to-Business (B2C),Business-to-Customer (B2B) |
Payment Mode | Cash on delivery,Bank Transfer,Payment Card,E-Wallet |
On the basis of geography, the market of Sports Online Retailing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Importance On Mobile Commerce Will Be Major Trends That Will Gain Traction In The Online Sports Retailing
Market Growth Drivers:
Rising Buyer Preference Towards Online Shopping and Increase In Popularity Of Sports Apparel Among Children
Challenges:
Technical Problems Associated With Online Shopping
Restraints:
Late Delivery Of Online Parcels Harms The Growth Of Market
Opportunities:
Increasing Use Of Network Marketing And Social Media Presence and Increasing Awareness Of Benefits Of Sports And Sportswear,
Key Target Audience
Sports Online Retailing, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Market Leaders & Development Strategies