News Briefs – Page 2
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News briefsSIA releases 2023-2024 winter sports participation study
The latest study reveals trends in the winter sports industry, showing shifts in demographics, consumer behavior and growth areas.
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News briefsCycling trends from around the world, according to Garmin
Garmin has released a report showing how cyclists around the world are logging kilometers and the positive impact this has on health. Data from the Garmin Connect community also shows that cycling is becoming increasingly popular. Here are some of the key findings from the past year: Cycling activity ...
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News briefsEU bike trade down in FY23
The EU’s exports of electric and standard bicycles together declined by 10 percent in value year-on-year over the course of 2023, amounting to €1.03 billion. The decline in imports was more than twice as steep, at 21 percent, to a total of €1.98 billion. So reports the EU’s statistical office, ...
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News briefsThe mountain bike market is projected to post 5.4% CAGR by 2027
According to a new report by tech research firm Technavio, the global mountain bike market is estimated to expand at a compound annual growth rate (CAGR) of over 5.4 percent from 2023 to 2027, with a growing emphasis on innovation and customer awareness. Electric mountain bikes (eMTBs) are gaining popularity. ...
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News briefsSports fishing equipment market to accelerate at 4% CAGR by 2028
The global sports fishing equipment market is projected to grow by $3.25 billion between 2024 and 2028, namely a 3.97 percent compound annual growth rate (CAGR) during the forecast period, according to a recent report by research and advisory firm Technavio. The growth year-over-year from 2022 to 2023 was 3.25 ...
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News briefsIncreasing participation in fishing in China
The recreational fishery industry in China’s southern island province of Hainan alone recorded a total output value exceeding 4 billion yuan ($563m) in 2023, representing a year-on-year surge of 90 percent, according to preliminary data provided by local authorities. Fishing participation in the province jumped by 73 percent in 2023 ...
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News briefsChina aims to build €385bn outdoor sports industry by 2025
According to the government news agency Xinhua, China aims to develop outdoor sports into an industry worth 3 trillion yuan renminbi (€386 billion) by 2025, according to a government action plan released last week. The action plan, which covers the period from 2023 to 2025, aims to boost the construction ...
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News briefsWFSGI / McKinsey & Company
Sporting Goods Industry SurveySGI Europe would like to invite you to participate in this year’s WFSGI / McKinsey Sporting Goods Industry Survey.
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News briefsGlobal angling and hunting equipment market to post 7% CAGR by 2030
The global angling and hunting equipment, which was estimated at US$536.97 million in 2022 (the base year), is projected to grow at a compound annual growth rate (CAGR) of 7.03 percent to reach US$924.98 million by 2030, according to a recent report by Dublin-based Research and Markets. The 248-page report ...
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News briefsSwedish sports retail sales fall 0.6 percent in Q1 2023
According to the Sportindex, compiled by industry organization Svenskt Sportforum in collaboration with the Swedish Retail Research Institute (HUI), sales in Swedish sports retail fell 0.6 percent in the first quarter of 2023. This is the fifth consecutive quarter of negative development in the sports retail sector. In the ...
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News briefsUK bike sector faced turbulent year in 2022
The Bicycle Association, the U.K.’s trade association for the bicycle industry, has released the “Annual Market Data Report for 2022: Riding out the Storm,” which provides coverage of the U.K. cycling sector for the calendar year 2022. Sales of mechanical bikes fell 22 percent to an estimated 1.88 million units ...
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News briefsOutdoor report by Marketmedia24 gives future outlook
Marketmedia24 has launched its new “Branchen-Report Outdoor 2023,” which puts a spotlight on the market development in Germany from the pandemic years 2020 and 2021 to 2022, a year overshadowed by war and inflation. Overall, Marketmedia24 sees 2022 as a year of slightly negative sales numbers (-1.4 percent) for the ...
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News briefsShimano presents 2022 study on e-bike attitudes in Europe
Are you interested in a detailed country report on the attitudes toward e-bikes in several European countries? If so, you should keep an eye on Shimano’s “State of the Nation 2020” report. More than 15,500 people in 12 European countries were surveyed for this fourth annual report from the world’s ...
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News briefsMerrell releases global study on diversity in the outdoors
Outdoor lifestyle and footwear brand Merrell, part of Wolverine Worldwide, has published a report titled “Inclusivity in the Outdoors,” examining perceived inclusivity and experiences in outdoor spaces globally, with a focus on Canada, the U.S. and the U.K. While conventional outdoor research analyzes race, gender and income regionally, Merrell’s report ...
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News briefsSports fishing equipment market to post 3.21% growth by 2026
The sports fishing equipment market is projected to accelerate at a compound annual growth rate (CAGR) of 3.21 percent during the 2021-2026 period, representing an incremental growth of US$2.45 billion, according to a new report by research and advisory firm Technavio. Growth will be driven by the rising popularity of ...
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News briefsAdventure tourism doing record business in Spain
Spain’s adventure tourism sector is expected by the end of this year to exceed €26 billion in revenues, according to CMDsport, whose report draws on the forecasts of Yumping.com, themselves grounded in national economic figures. The projection for 2022 revenues would exceed the total for the pre-lockdown year of 2019 ...
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News briefsOutdoor recreation has mostly gained ground since Covid
According to the Outdoor Foundation’s Outdoor Participation Trends Report for 2022, the number of people entering or returning to outdoor recreation has risen by 26 percent since March 2020, when lockdowns and other pandemic measures went into effect in much of the world. This is the highest increase the foundation ...
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News briefsGlobal study by Recurate shows demand for brand-owned re-commerce offerings
The U.S.-based resale platform provider Recurate, founded in 2020, has conducted a new re-commerce study in eleven markets worldwide, together with social impact agency BBMG. To understand consumers’ pre-owned product shopping habits, the company has surveyed a mix of non-active and active e-commerce shoppers. First and foremost, the study finds ...
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News briefsEuropean ski industry recovering slowly after the pandemic
The European ski industry is slowly recovering after “a disastrous season hit by Covid-19,” the Federation of the European Sporting Goods Industry (FESI) has said. According to results in the trade organization’s recent annual ski market report, skis and ski-equipment sales for the 2021/22 season increased slightly from those of ...
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News briefsItalian outdoor market posted 27% increase in 2021, exceeding European average
In Italy, sales of outdoor products (sell-in) increased by 27 percent in 2021 compared to 2020. The increase in Europe in the same period was 18.7 percent, based on European Outdoor Group (EOG) data. Growth in Italy is primarily driven by technical gear and footwear. More specifically, Italy has emerged ...
