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Article Date: September 2024
Word Count: 770

Sports Equipment Market Tumbled 7.2% in 2023


After growth slowed dramatically in 2022 coming out of the pandemic, total hardgoods sales fell sharply last year at the 41 companies on our list to $104,013 million from $112,059 million, with 25 of the companies coming in lower year-over-year. The sector underperformed both the sneaker market, which grew 6.7%, and sports apparel, which inched up 1.7%. Aggregate revenues declined 7.2% in the U.S. at $45,577 million, down from $49,114 million in 2022, and fell by the same amount in international markets to $58,436 million from $62,945 million. The dollar weakened ... Log in to view full article.

 


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