If you are serious about owning a sports business in Thailand, you must be well aware of the status of the industry. Likewise, understanding future trends and opportunities will help you make projections on profits and income. Furthermore, understanding the evolution of markets will help you segment your customers and grow your business.
If you are thinking of starting a sports business or looking for people willing to sell business, these are the industry trends you need to know about.
Present and Future Status of Revenues in the Thai Sports Industry
The Thai sports industry has been growing steadily, and this is set to continue in the next five years. According to Statista, revenues in the Sports and Outdoor Segment will reach up to USD 550 million in 2021. Then, at an annual growth rate of about 12%, it will reach up to USD 874 million in 2025. When compared globally, Thailand will sit in the Top 25 in revenue generation while China will stay on top with revenue of up to USD 110 billion.
Present and Future Status of Users in the Thai Sports Industry
The current trend shows middle-aged people occupying the largest share of sports and outdoor participants in Thailand. About 35 % of the participants in the Sports and Outdoor segments are people from 35 to 44 years of age. Likewise, the second biggest segment comes from people who are 25 to 34 years of age. Quite surprisingly, it is seen that Thai people are involved in Sports and Outdoor in their 50s and 60s. About 17% of participants in Sports are 45 to 54 years of age while over 7% of the people sit in their early and mid-60s.
Similarly, we see that the distribution of gender is not very pronounced in the case of sports involvement. Both males and females acquire a near equal share in sports involvement. About 54% of the sports users are males while about 46% are females.
Furthermore, we see that people will a higher income show more participation in sports whereas there is less participation from people with lower income.
Now that we have learned about the key trends in revenue and users, we can talk about the top-selling stores. Nike is still on top in terms of sales followed by JD Sports and Adidas.
Buy and Sell Sporting Goods Store Business With a Reliable Platform
If you want to buy a business related to sports in Thailand, we advise you to consult with a specialist business buy and sell firm. Easy Buy Sell Business Thailand is a highly reputed business for sales portal bringing together investors looking to invest in various sectors of the sport business. This includes sports retails, marketing agencies, blogs and media, sporting facilities, and gyms. They have a close understanding of the business for sale Thailand 2021 climate in Thailand and hence can provide the best deals in a shorter period of time.