The national industrial policy strongly supports the prospect of the sporting goods industry
Source:China Sport Show
Release time:2018-03-19

The east wind of the national policy is of great benefit to the sporting goods industry. The State Council's No. 46 document, “Some Opinions of the State Council on Accelerating the Development of the Sports Industry and Promoting Sports Consumption,” proposes that by 2025, basically establish sports with reasonable layout, complete functions, and complete categories. The industrial system, sports products and services are more abundant, the market mechanism is continuously improving, consumer demand is getting stronger, and the use of other industries is significantly improved. The total size of the sports industry exceeds 5 trillion yuan, and it has become an important force to promote the sustainable development of the economy and society. In addition, local governments have successively adopted a number of supportive policies that have a strong guiding role in the sporting goods market and society.

The "Analysis Report on the Development Prospects and Investment Strategic Planning of the Sporting Goods Industry" published by the Industry Research Institute of Forward-looking Industry based on the sales revenue of the Chinese sportswear industry from 2000 to 2016, using the polynomial fit regression method, the Chinese sportswear industry will continue to maintain rapid growth. The growth rate is expected to be around 15% for the 2017-2022 industry sales revenue, and will exceed RMB340 billion by 2022.

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