Tips For Choosing a Vendor
- Is the supplier experienced enough?
Find information about the supplier like, from when they are manufacturing sports items, what are the different categories they are covering, where are their main export centers etc. Take a quick look at the history of the company. - Is he wiling to supply in bulk and retail both?
Be confirmed that whether the supplier will fulfill the demands only in bulk or he is wiling to supply in retail also. Make the terms clear that whether the rate for bulk and retail purchase will be same or different. Be clear about the minimum order or quantity he will supply so that you haven't to suffer future problems. - What will be the payment mode and terms if any?
The payment mode and terms should be clear before finalizing the contact. Whether you have to pay in one time down payment, or he is wiling to be paid in installment basis. Also, be sure that in installment basis he is charging any interest rate. - Is he able to deliver timely to your desired location?
Supplier is able to deliver the items timely or not, or what time he will take after confirmation to deliver the goods. Is he capable enough to deliver the goods to your desired location. - Is he able to supply all the items you need?
Be sure that the vendor is supplying all the items you want. Are they manufacturing all those products or not? - Ask the supplier whether he is following international
standards?
This point is of much concern because all the sports goods and equipments have some standard defined by the respective governing bodies. Like:- a cricket bat can't be longer than 96.5 cm including the handle, the width shouldn't exceed 10.8 cm, the thickness of the layer to protect the bat shouldn't exceed 1.56 mm
- weight of football should be within 420gm to 445gm without air.
- Will the supplier replace the damaged items?
Some of the items may get damaged due to transportation or technical fault. Be sure that he will replace those ones. - What is the level of packaging and quality ?
How the goods will be packaged. Is it secure enough for the goods to be supplied in this mode or it need some extra care.
Global Sports Market Statistics
The global sports market size is nearly to be $235 billion.
- North America with 45% share of sales of global sports market is the protagonist in this field.
- US accounts for 42% of the global market, with an estimated sale of about $98.4 billion.
- Europe registers up to 30% of total global sports sale.
- Asia registers only 19% of global sports sale.
- Canada accounts for 3% of the global market, with an estimated sale of $6.7 billion.
U.S. Sports Goods Market
The U.S. Sports goods market has experienced modest growth in recent years, as 3% annually from year 2000 to 2005.
| Supplier country | Transaction amount | %increment or decrement compared to previous year |
| China | $3.1 billion | (+)16 % |
| Taiwan | $412 million | (+)1 % |
| Canada | $312 million | (-)4 % |
| Mexico | $191 million | (+)4% |
| Exported to | Transaction amount | %increment or decrement compared to previous year |
| Canada | $369 million | (+)20 % |
| U.K. | $278 million | (+)12 % |
| Japan | $254 million | (-)2 % |
| Australia | $89 million | (+)23% |
| Netherlands | $75 million | (+)24% |
Some other facts related to U.S. Sports goods market:
- Retail sails of sporting goods reached a record $51.2 billion in 2006, and is expected to grow at 3% in 2007.
- Sales of athletic and sports equipment, shoes and clothing are forecast to reach $53.0 billion.
- Athletic and sports footwear sale reached $15.7 billion mark.
- Sale of sports Clothing touched $11.7 billion mark, showing a 4% growth.
Indian Sporting Goods are well known around the world and have made a mark in the global sports goods market. They have established their identity in many countries across the world, irrespective of whether they belong to the developed, developing and Eastern Block including CIS Countries.
The Indian Sports Goods industry, which exports nearly 60% of its total domestic output to the sports loving people the world over, has matured into a globally competitive & creative entity. Be it a cricket bat or a hockey stick or a football, the contribution by the Indian sports goods industry to the international sports goods market has been remarkable.
French Sports Goods Market
French sports goods market has grown by 21.6% since 1999.
- While sports equipment’s share of the market has dropped below the 50% mark.
- Interest in sports clothing casual wear has increased up to 34.0% in 2006, against 29.9% in the 2005.
- The specialist sports retail sector recorded sales of €7,892 million in 2004, up 3.5% year-on-year.
China sports goods market
- China is expected to become the biggest retail market for sporting goods by 2010 with an estimated 500 million people from around the country.
- China sporting goods market passed $2.0 billion in 2004 and surpassed $2.8 billion in 2006.
- Annual growth rate is expected to be 12 to 15 percent which is slightly higher than the overall rate of Chinese economy as a whole.
- The 2008 Olympics are expected to inspire further growth in Chinese sports market.
