In 2013, global sales of bicycles and spare parts increased by 3%, according to a report from the 9th Global Sporting Goods Market Survey held in Paris, France. The survey, which began in 2005, highlighted that total retail sales (including tax) for bicycles and related parts reached 36 billion euros, marking a steady rise from previous years.
The NPD Group Inc., a leading market research firm, estimated the total value of the global sports goods market at 277 billion euros in 2013, equivalent to around 367 billion U.S. dollars. This figure represents a 5% increase compared to 2012, based on extensive data collection, statistical analysis, and insights into consumer behavior.
Looking at specific categories, footwear and apparel saw the strongest growth, with a 6% increase, reaching 169 billion euros. Sports equipment also rose by 3%, totaling 72 billion euros, while bicycles and spare parts maintained a similar growth rate, reaching 36 billion euros.
On a country level, China and the United States remained the top contributors to market growth. These two nations continued to outpace others, widening their lead. Other key markets included Brazil, India, Canada, Japan, and South Korea. However, Japan’s market share slightly declined due to the weakening yen, which fell 18% against the U.S. dollar in 2013.
The top five sporting goods markets by revenue were: the U.S. (75 billion euros), China (24 billion euros), Japan (14.5 billion euros), Brazil (12.5 billion euros), and Germany (12.4 billion euros). Despite Japan's overall growth, its relative position in the global market was impacted by currency fluctuations.
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