Industry Analysis & Industry Trends
The Sporting Goods Manufacturing industry manufactures a wide range of sporting goods, including playground equipment, swimming pools, golf equipment, fishing equipment and fitness equipment. Clothing and footwear manufacturing is excluded from the industry. The industry is extremely sensitive to international trade, with imports satisfying a large share of domestic demand and exports accounting for the bulk of industry revenue.
Over the five-year period through 2016-17, industry revenue is expected to decline at a compound annual rate of 2.9%. Companies operating overseas tend to have lower production costs and therefore have flooded the market with low-cost products. As a result, strong import competition has hindered industry revenue growth... purchase to read more
Industry Report - Industry Analysis Chapter
The Sporting Goods Manufacturing industry has been subject to turbulent conditions over the past five years. Industry revenue is expected to decline at a compound annual rate of 2.9% over the five years through 2016-17, reaching £542.3 million. Interest in computer games has presented a threat to the industry, with more consumers spending their time in the virtual world instead of engaging in sporting activities. In the current year, revenue is expected to fall by 1.4% as increased uncertainty regarding the UK's decision to leave the European Union weighs on major markets. However, the industry is expected to be buoyed by a fall in the value of the pound increasing demand for industry exports, though this will also increase the cost of imported inputs. Pro.. purchase to read more