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Article Date: January 2017
Word Count: 457

Sporting Goods Market in China on Fast Track


A combination of a growing consumer economy and strong government support is expected to boost the estimated RMB 1.5 trillion ($216.8 billion) sports market in China, with sports apparel and footwear enjoying an 8.6% CAGR, one of the fastest growth rates in this fast growing sector, according to a report compiled by The Economist and sponsored by sneaker giant Anta. The market for sporting goods and equipment, which includes sneakers and apparel, represents CNY 1 trillion ($145.7 billion) with money spent on fitness and training centers totaling another CNY 193.8 billion ($282.4 bb). The remaining CNY289.5 billion ($41.8 bb) is ... Log in to view full article.

 


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