Charts: Retail Sporting Items Developments Q1 2024

The worldwide sporting items business will develop at a compound fee of seven% by way of 2027. That’s in keeping with “Time to maneuver: Sporting items 2024,” a January 2024 report by McKinsey & Firm.

The report foresees optimism by sporting items business leaders in 2024, coming off an uneven, inflationary 2023. McKinsey suggests warning, nonetheless, owing to shifting client preferences and sustainability issues.

The research addresses shifting client preferences from conventional organized sports activities to particular person varieties comparable to pickleball (159% progress from 2019 to 2022) and off-course golf (57% progress throughout the identical interval).

Challenges to the international provide chain proceed. The McKinsey research included the outcomes of its 2023 survey of worldwide provide chain leaders. Most are implementing renewed planning and resilience measures to counter provide uncertainties.

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