Global sporting goods industry to grow 6% a year in 2024-29: McKinsey
The global sporting goods industry faced a difficult environment in 2024, with softer growth prospects, inflation and cautious consumer spending, a McKinsey report found. Despite that, the industry managed to sustain a 7-per cent growth rate a year from 2021 to 2024. The growth outlook for 2024-2029 is projected at 6 per cent a year, driven by a slowdown in APAC, Western Europe and Latin America.
The global sporting goods industry faced a difficult environment in 2024, with softer growth prospects, inflation and cautious consumer spending, a McKinsey report found.
Despite that, the industry managed to sustain a 7-per cent growth rate a year from 2021 to 2024.
The growth outlook for 2024-2029 is projected at 6 per cent a year, driven by a slowdown in APAC, Western Europe and Latin America.
