McKinsey & Company: Sporting Goods 2025
Description
The sporting goods industry faces a "new balancing act" defined by slowing growth forecasts and economic volatility, compelling executives to pursue a dual agenda focused equally on revenue growth and productivity improvements. The single largest opportunity for the industry is unlocking the massive market potential of the 1.8 billion adults globally who are physically inactive, a group whose rising numbers pose an existential risk. This push for growth is complicated by intense market share upheaval, as challenger brands outpace large incumbents like Nike and Adidas by targeting specific consumer segments and delivering visible innovation. Successful brands must also address the widening gap between the active and inactive populations, ensuring they engage the super-active cohort for whom fitness is a core identity, and capitalize on the resurgence of community-oriented in-person fitness and live entertainment events
United States
