Sporting Goods Industry Growth to Slow, New Report Finds
The global sporting goods industry is expected to grow at a 6% CAGR through 2029, down from 2021-24’s 7% and 2017-19’s 8% due to slower growth in APAC, Western Europe, and Latin America, according to McKinsey and WFSGI’s Sporting Goods 2025 report. Despite the guided contraction, 44% of industry executives feel “optimistic” or “rather optimistic” about the industry in ‘25, while about 40% are neutral. However, 84% are concerned over geopolitical impacts, including tariffs. About 2/3 of surveyed executives worry about lasting inflationary impacts on demand, while about 50% of U.S. ... Log in to view full article.