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Annual growth rate exceeds 6%
Sports is a good business, when sports become a popular, textile, fashion, technology and other industries are mixed in the crazy cross-border, sports brands such as Nike, UA, Adidas and other stock prices rose, the growth rate of the sports industry output value exceeds the global Economic growth rate.
According to estimates by Euromonitor International, the global sportswear growth rate for the next three years will exceed 6% (an average annual growth rate of 6.2% from 2014 to 2018). This figure is estimated by the International Monetary Fund (IMF) this year. The global economic growth rate is nearly twice as high as 3.1%.
Lin Mengyao, a senior manager of Garmin Marketing in Asia, pointed out that the future of the Sports IoT will have unlimited business opportunities and build a composite industry that includes hardware suppliers, coaches, data analysts, nutrition, and preventive medicine for physical therapy.