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2018 Market Analysis & Industry Outlook: Sporting Goods, Hobby & Musical Instrument Stores


Overview: the U.S. Sporting Goods, Hobby & Musical Instrument Stores Industry

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?


Market Size & Industry Statistics

The total U.S. industry market size for Sporting Goods, Hobby & Musical Instrument Stores: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)


Order at top of page
Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.



market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Sporting Goods, Hobby & Musical Instrument Stores industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Groceries & Other Food Items For Human Consumption Off The Premises

Men's Wear, Including Accessories

Women's, Juniors', & Misses' Wear, Including Accessories

Children's Wear, Including Boys', Girls', & Infants' & Toddlers' Clothing & Accessories

Costumes & Unisex Clothing

Footwear, Including Accessories

Sewing, Knitting, Needlework Goods, Including Fabrics, Patterns, Sewing Supplies, Notions, Yarns, Laces, Trimmings, Needlework Kits,

Audio Equipment, Musical Instruments (New & Used), Radios, Audio Electronic Components, CDs, Records, Tapes, Audio Books, Sheet

Furniture, Sleep Equipment & Outdoor/Patio Furniture

Kitchenware & Home Furnishings

Jewelry, Including Watches, Watch Attachments, Novelty Jewelry, Estate/Antique Jewelry.

Books, Including E-Books

Toys, Hobby Goods, & Games

Optical Goods, Including Eyeglasses, Contact Lenses, Sunglasses.

Sporting Goods & Recreational Equipment

Boats & Other Sport Vehicles, Parts & Accessories

Lawn, Garden, & Farm Equipment & Supplies

All Other Merchandise

All Other Merchandise, Excluding Lottery Ticket Sales/Commissions

All Nonmerchandise Receipts



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Sporting Goods, Hobby & Musical Instrument Stores Industry Price Trends

Rise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. Higher demand or COGS will put upward price pressure on prices. Higher competition among Sporting Goods, Hobby & Musical Instrument Stores companies will put a downward pressure on prices. The chart shows how prices are changing within the industry, month-to-month over the last three years.

example price index trendline

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Sporting Goods, Hobby & Musical Instrument Stores company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Sporting Goods, Hobby & Musical Instrument Stores industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Sporting Goods, Hobby & Musical Instrument Stores measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 3%

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Chief Executives0%
General and Operations Managers2%
Sales and Related Occupations 76%
Supervisors of Sales Workers 8%
First-Line Supervisors of Sales Workers 8%
First-Line Supervisors of Retail Sales Workers 8%
Retail Sales Workers 68%
Cashiers 8%
Cashiers 8%
Retail Salespersons 59%
Retail Salespersons 59%
Office and Administrative Support Occupations 10%
Material Recording, Scheduling, Dispatching, and Distributing Workers 5%
Source: Bureau of Labor Statistics


Sporting Goods, Hobby & Musical Instrument Stores Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate









Innovation News

  • True Fitness Technology trademarks "PALISADE" - Exercise equipment - 03/02/2018
  • Cca & B trademarks "CHRISTMAS EVE BOX" - Assortment of holiday themed toys, games, craft supplies and food items - 03/02/2018
  • Recreational Equipment trademarks "UNCOMMON PATH" - Retail store services, mail order retail services, and on-line retail store services, all for outdoor and travel equipment, clothing, footwear, accessories and publications - 03/02/2018
  • Sti Firearms patents Firearm Recoil Compensation - 03/01/2018
  • Lifetime Products patents Ship Flat Blow-molded Tunnel - 02/01/2018
  • Dick's Sporting Goods patents Collapsible, Erectable Canopy Shelter With A Crank System - 01/25/2018
  • Access Genetics raises $1 million in funding. - 06/13/2017
  • Advanced Sports raises $7 million in funding. - 08/29/2016
  • Pullstring raises $15 million in funding. - 04/14/2016




  • Top Innovators

    CompanyInnovation Score
    Lifetime Products267
    Dick's Sporting Goods225
    Choons Design33
    Zepp Labs17
    Hobby Lobby Stores

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • Retail Sales Strength Remained in December - Clothing and clothing accessories stores sales were down 0.3 percent after surprising in November when they increased 0.6 percent. On the other hand, sporting goods, hobby, book & music stores sales sank 1.6 percent in the last month of the year and was ... (01/12/2018)
    • Furniture stores post big December sales gain - Retail sales increased 5.6% from a year ago and 0.3% from November 2017. Only one retail sector — sporting goods, hobby, book and music stores — posted a year-over-year sales decline in December (off 0.1%). Department stores, a sub-category of general ... (01/12/2018)
    • U.S. Retail Sales Rise 0.4% In December, In Line With Estimates - On the other hand, the report showed steep drops in sales by miscellaneous store retailers, sporting goods, hobby, book and music stores, and department stores. Excluding auto sales, retail sales still rose by 0.4 percent in December after jumping by 1.3 ... (01/12/2018)
    • Dick's stock plunges on poor gun and sports sales - Sales are down 4.9% through July of this year for the government category including sporting goods, hobby, book and music stores, according to the U.S. Department of Commerce. Start your day right with the latest news driving global markets, from major ... (08/15/2017)
    • US retail sales rise as stores struggle - But sales at US department stores in April fell 3.7% year-on-year, marking a two-year run of annual declines, the Commerce Department said. Sales at sporting goods, hobby, music and book stores dropped 2.4%. JC Penney, which has more than 1,000 branches ... (05/12/2017)
    • Nike just revealed a disturbing statistic — and shares are falling - The sporting goods, hobby, book, and music store category was up 4.9%. There are the major competitors — like Lululemon and Under Armour — and then there are more niche brands, like the ultra-luxe Sweaty Betty and Bandier, and Outdoor Voices ... (06/28/2016)
    • Private Sporting Goods Stores Have Some Swagger - "A lot of school-aged kids want to wear UnderArmour, Nike and Adidas, and the clothing sections of sporting goods stores are well stocked with those brands." Sales at privately held retailers selling sporting goods, hobby supplies and musical instruments ... (08/20/2013)
    • The End Of Retail - One month of data can be very noisy, but I think that if you look at March 2011 compared to March 2012 you can clearly see the End of Retail ... appliance stores. We have 17,000 fewer people working in "sporting goods, hobby, book, and music stores." (04/06/2012)
    • November retail sales rise 4.5 percent - Good news for store owners: November retail sales rose 4.5 percent over last year ... but increased 6.2 percent unadjusted year-over-year. • Sales at sporting goods, hobby, book and music stores increased 0.3 percent seasonally adjusted over last ... (12/13/2011)


    Government Contracts

    In 2016, the federal government spent a total of $5,620,669 on Sporting Goods, Hobby & Musical Instrument Stores. It has awarded 511 contracts to 131 companies, with an average value of $42,906 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount



    Growth Opportunities / Competitive Threats

    Companies in other industries may also sell similar products. Since there is an overlap in the customer base, there may be an opportunity for companies in Sporting Goods, Hobby & Musical Instrument Stores to sell additional products/services offered by these adjacent industries. Alternatively, these industries may identify further products in this industry to target. Products most at risk are those with the highest profit margins and lowest barriers to entry.

    The following industries are competing channels for sales of similar products/services.

    Sporting Goods
    Competing IndustrySales Relative to Sporting Goods, Hobby & Musical Instrument StoresOpportunity/Threat
    Sporting Goods Stores Competing industry
    Motorcycle, Boat & Other Automobile Dealers Competing industry
    Warehouse Clubs, Supercenters & Big Box Retail Competing industry
    Discount Department Stores Competing industry
    Online (Internet) Shopping Competing industry

    Sales from other industries of Sporting Goods are less than those from Sporting Goods, Hobby & Musical Instrument Stores. This may mean that other channels are a competitive risk of increasing their Sporting Goods sales, taking market share from this industry.
    Sporting Goods Product Sales Report



    Toys, Hobby Goods, & Games
    Competing IndustrySales Relative to Sporting Goods, Hobby & Musical Instrument StoresOpportunity/Threat
    Warehouse Clubs, Supercenters & Big Box Retail
    Discount Department Stores
    Hobby, Toy & Game Stores Competing industry
    Mail-Order Houses Competing industry
    Online (Internet) Shopping Competing industry

    Sales from other industries of Toys, Hobby Goods, & Games are less than those from Sporting Goods, Hobby & Musical Instrument Stores. This may mean that other channels are a competitive risk of increasing their Toys, Hobby Goods, & Games sales, taking market share from this industry.
    Toys, Hobby Goods, & Games Product Sales Report



    Audio Equip, Musical Instr, Radios, Stereos, CDs, Records
    Audio Equip, Musical Instr, Radios, Stereos, CDs, Records Product Sales Report

    Footwear, Including Accessories
    Footwear, Including Accessories Product Sales Report

    Men's Wear, Including Accessories
    Men's Wear, Including Accessories Product Sales Report

    Sewing, Knitting Materials & Supplies, Needlework Goods
    Sewing, Knitting Materials & Supplies, Needlework Goods Product Sales Report

    Women's, Juniors', And Misses' Wear, Including Accessories
    Women's, Juniors', And Misses' Wear, Including Accessories Product Sales Report

    Kitchenware & Home Furnishings
    Kitchenware & Home Furnishings Product Sales Report

    Children's Wear, Including Boys', Girls', Infants' & Toddlers'
    Children's Wear, Including Boys', Girls', Infants' & Toddlers' Product Sales Report

    Furniture, Sleep Equipment & Outdoor/Patio Furniture
    Furniture, Sleep Equipment & Outdoor/Patio Furniture Product Sales Report



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