European sporting goods market to surpass USD 30 bln in 2025
Image by Shutterstock.com
The sporting goods market in Europe will grow to USD 30.74 billion in 2025, the Warsaw Business Journal says, citing the findings of a report entitled "European Sporting Goods Market: Size, Trends & Forecasts (2021-2025 Edition)".
Growth forecasts illustrate the fact that after a long period of pandemic restrictions, the sports industry is starting to make up for financial losses and return to the game. The mood on the market is fostered by the decisions of state administrations, which are looking more and more reluctantly towards "hard" lockdowns, as well as the growing awareness and persuasion of people to a healthy lifestyle.
"Despite the difficult time behind the sports industry, we are optimistic about the next few months. Looking at the current sales trends and market research, we expect customers to be more interested in the sports offer. The market of sports products is currently supported by factors such as growing public awareness of pro-health behavior and the importance of physical fitness. Intensive professional life convinces people to include sport in their daily habits," Marek Kaczmarek, president of the management board, Intersport Polska, said.
Moody's Affirms Budapest's 'Baa3' Rating
Bulgaria's Household Income, Spending Rise 20% in 2023
Poland Industrial Output Falls, Producer Prices Decline Furt...
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
