Used Sports Equipment Purchases Surpass $1 Billion for Second Time - SNEWS

Used Sports Equipment Purchases Surpass $1 Billion for Second Time

Consumers purchased $1.08 billion in used sporting goods equipment in 2007, according to a report just released by the National Sporting Goods Association.
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MOUNT PROSPECT, IL – 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 the outdoor sports (camping, fishing and the 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,” NSGA Vice President of Information & Research Thomas B. Doyle said. “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.

“Purchases of Used Sports Equipment in 2007” uses the same panel as is used for NSGA's “Sporting Goods Market” report. The report is based on a survey of 60,000 households in which 39 products were surveyed regarding purchases during 2006. “Because of the limited number of products surveyed, the total used equipment market is much larger than $1 billion reported in the study,” Doyle said.

The report provides information on the number of units sold, average price and total dollars as well as place of purchase information. Included in the place of purchase information are traditional channels of distribution as well as online/Internet purchases and purchases from private individuals.

The standard demographics provided for purchasers include age, gender, annual household income, education of household head and geographic region of the country.

“Purchases of Used Sports Equipment in 2007” is available to NSGA members for $140; for non-members, $190.

About NSGA:
NSGA, which has served the sporting goods industry since 1929, organizes and hosts the annual NSGA Management Conference & Team Dealer Summit, the sporting goods industry's premier educational and networking event (Next: May 3-6, 2009, at the Westin La Cantera Resort in San Antonio, Texas).

For more information on NSGA member services, visit the Association home page (www.nsga.org); call Rhonda Onuszko at NSGA, (847) 296-6742, Ext. 131; e-mail: ronuszko@nsga.org; or fax (847) 391-9827.

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