NSGA: Used Sports Gear Purchases Surpass $1B

July 14, 2008
SGB Update


Consumers purchased $1.08 billion in used sporting goods equipment in 2007, according to a report just released by the National Sporting Goods Association (NSGA) This is the 10th study done by the Association on the used equipment market and the second year in a row used equipment purchases have exceeded $1 billion. The 2006 data reflected sales of $1.01 billion.

Used equipment for outdoor sports (camping, fishing, and shooting sports) represented purchases of $669 million, the largest single category. Versus 2006, the outdoor sports category grew 11%. Used exercise equipment (the second largest category) had purchases of slightly more than $208 million, a 6% gain versus last year.


“With the rise in the number of sporting goods stores that emphasize used equipment sales and the growing use of the Internet, it is important for NSGA to look at the impact of these changes in channels of distribution,” said Thomas B. Doyle, VP of information & research at NGSA. “The purchase of used equipment is a two-edged sword. It may take away from new equipment purchases initially, but it also may provide the entry point for future purchasers of upgraded equipment.”


In certain product categories, the number of units purchased is substantial. In exercise equipment, more than 850,000 treadmills and stationary exercise bicycles were purchased used. “The average price is not high: $126 for a treadmill, $61 for an exercise bike. A majority of the sales continue to be between private individuals, but the percent of Internet sales grows each year,” Doyle said.


 

NSGA: Used Sports Gear Purchases Surpass $1B

SGB Update


Consumers purchased $1.08 billion in used sporting goods equipment in 2007, according to a report just released by the National Sporting Goods Association (NSGA) This is the 10th study done by the Association on the used equipment market and the second year in a row used equipment purchases have exceeded $1 billion. The 2006 data reflected sales of $1.01 billion.

Used equipment for outdoor sports (camping, fishing, and shooting sports) represented purchases of $669 million, the largest single category. Versus 2006, the outdoor sports category grew 11%. Used exercise equipment (the second largest category) had purchases of slightly more than $208 million, a 6% gain versus last year.


“With the rise in the number of sporting goods stores that emphasize used equipment sales and the growing use of the Internet, it is important for NSGA to look at the impact of these changes in channels of distribution,” said Thomas B. Doyle, VP of information & research at NGSA. “The purchase of used equipment is a two-edged sword. It may take away from new equipment purchases initially, but it also may provide the entry point for future purchasers of upgraded equipment.”


In certain product categories, the number of units purchased is substantial. In exercise equipment, more than 850,000 treadmills and stationary exercise bicycles were purchased used. “The average price is not high: $126 for a treadmill, $61 for an exercise bike. A majority of the sales continue to be between private individuals, but the percent of Internet sales grows each year,” Doyle said.


 

NSGA: Used Sports Gear Purchases Surpass $1B

July 8, 2008
SGB Update

Consumers purchased $1.08 billion in used sporting goods equipment in 2007, according to a report just released by the National Sporting Goods Association (NSGA). This is the second year in a row used equipment purchases have exceeded $1 billion. The 2006 data reflected sales of $1.01 billion.


Used equipment for outdoor sports (camping, fishing and the shooting sports) represented purchases of $669 million, the largest single category. Since 2006, the outdoor sports category has grown 11%.


Used exercise equipment (the second largest category) had purchases of slightly more than $208 million, a 6% gain versus last year. For certain products, the number of units purchased is substantial. More than 850,000 treadmills and stationary exercise bicycles were purchased used. “The average price is not high: $126 for a treadmill, $61 for an exercise bike. A majority of the sales continue to be between private individuals, but the percent of Internet sales grows each year,” NSGA Vice President of Information & Research Thomas B. Doyle said.

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