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Every year sports lovers hit the slopes, the pool,
the court, and the field to participate in everything
from cycling to snowboarding, to play tennis or baseball,
to enter skating competitions, to run marathons, and
to go rock climbing. The sporting goods industry has
grown into a multi-billion dollar business providing
the shoes, skis, balls, helmets, and vast array of other
items that help participants go further, faster, higher,
and perform better.
The sporting goods sector is made up of companies engaged in the
design, development, and testing of sports equipment. These are
the companies that make the bicycles, tennis rackets, cross trainers,
and gym clothes we use when we go out to play. They may specialize
in a single item or goods for a particular sport, or they may put
out a wide range of products suitable for a number of activities.
They might be a supplier who has developed a new cushioned insert
for running shoes or a new substance to coat snowboards.
For all the variety and diversity among the members of this sector,
the one thing that they all have in common is the drive
to improve and innovate. Sporting goods makers are constantly
striving to create and adopt new technologies, with
great success. Equipment manufacturers make sure that
new technologies are introduced as soon as they can
be tested and put into production. All this is in effort
to get consumers to buy new goods, upgrade their old
ones, or add new accessories to their previous purchases.
All that effort pays off. This sector is more profitable each
year. Recent surveys estimate that the world consumption of sporting
goods in 2006 reached an all time high of $256 billion. Manufacturers'
sales in the U.S. were $66 billion - an increase of 13% over 2005.
Though that was a particularly sizable increase, sales have been
increasing steadily over the past several years. According to the
Sporting Goods Manufacturers Association (SGMA), much of that success
comes from the overall growth in sports apparel and footwear. With
positive and enthusiastic consumer responses to technological advances
in performance fabrics, this category has seen sales increase 20%
over the past two years.
While the U.S. has the largest consumer market for
athletic consumer goods, other markets – especially
in China and the rest of Asia – are booming as
well. China’s impact on the consumer goods industry
as a whole has been significant for many years, with
companies sending manufacturing functions overseas in
an attempt to gain a competitive edge on price.
In an industry this varied and immense, engineers play many different
roles, and our next section touches on just that idea.
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