Traditional Sports Market Will Make Space for Outdoor Sports Market

Nov 27
08:47

2012

Justin Lin

Justin Lin

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According to the latest information, the first outdoor sports store of Adidas will be opened in China. Beside, similar sports brands are also finding a way to enter outdoor sports market to exploit a vaster space for themselves. Now, in some experts' opinion, the situation of outdoor sports field is relative optimistic.

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As the spigot of Germany sports brands,Traditional Sports Market Will Make Space for Outdoor Sports Market Articles Adidas started its outdoor products sectors in 1991, in spite of its advantage of the largest sales network in the world, its outdoor products business for years has not been so prosperous. The latest news revealed that Adidas soundly announced that it would open its first outdoor shop in China.

For this, the manager of the Adidas outdoor products sector Rolf Reinschmidt said in the interview that "Adidas' sale performance was good , with sales of 300 million Euros, the same year increased by 40% in the last year. And I believe that the setting up of Adidas outdoor sports stores will contribute a lot to its plan of entering the outdoor market across the board .

In addition to Adidas, Taiya limited liability company which contains the main business of sports shoes sole research and development, production and sales said that it would also wholly invest in the construction of the RAX outdoor sports brand project of its subsidiary, the estimated investment was 46.4988 million Yuan, of which software and hardware and other facilities' cost is 6.38 million Yuan, 40,118,800 Yuan of liquidity. Similarly, Lung Tak
Group whose origin is in the field of foreign trade processing with its new established outdoor equipment in the name of the brand, convened dozens of partners across the country to negotiate so as to alter to the domestic outdoor equipments market.


In fact, Taiya and Lung Tak's bullish on outdoor sports market at the same time not a spur of the moment. As early as in June of this year, Taiya shares issued a Analysis of Outdoor Equipments Market and Competitive Potential of Taiya report, which pointed out that Chinese outdoor market was a linear upward trend, the outdoor sports equipment market would be at the growth rate of 50% per year, the potential market would be more than 10 billion Yuan.

There is no doubt that with the steady growth of economy, outdoor sports industry has set up a file in the spring of development.

Relevant experts pointed out that outdoor sports is more than a popular trend, it is also a certain scale of the industry at the infant stage which is dependent on the movement itself, but also on the movement has influence as a whole, commonly known as "industry chain". But he domestic shoes enterprises are not perfect in their outdoor sports shoes and apparel industry, and minority of them specialize in outdoor sports functional fabrics and exploitation of outdoor sports shoes materials, and there is no formation of the cluster effect.

Statistics show that in 2001, the scale of the outdoor sporting goods market in China was only four or five million Yuan, but in 2006 it surprisingly jumped to 2.6 billion Yuan, an average annual growth rate of more than 100%. In 2010 Chinese outdoor equipments sales reached 6 billion Yuan to 8 billion Yuan, which was expected to reach 10 billion Yuan in 2011

From the present situation, despite the large sales scale gap between individual enterprises, outdoor sports market will still has a optimistic future as traditional one does now. Because outdoor sports market in China is growing at a rate of 30% every year, and investment on outdoor sports market and its consumer groups are developing rapidly.

Today, outdoor sports has already get out of the sole area of adults, many Quanzhou shoes enterprises, such as Cardway, Mingwei also opened its own outdoor sports shops aiming at entering the youth' outdoor equipments segment based on which they hope to create their own brands in this industry. In the context of adjustment and transformation, to possess a vast development space of outer sports products market becomes the choice of sports brands.