The Lawn-Tennis Rackets market size in Canada for 2023 stood at $16.1 million USD. Based on the forecasted data, the market is expected to decline steadily over the next five years, decreasing from $15.951 million in 2024 to $15.486 million by 2028.
Year-on-year variations indicate a slight downward trend:
- 2024 to 2025: -0.75%
- 2025 to 2026: -0.74%
- 2026 to 2027: -0.73%
- 2027 to 2028: -0.72%
The Compound Annual Growth Rate (CAGR) over the forecast period (2024-2028) is approximately -0.74%, suggesting a gradual decline in market value.
Future trends to watch for include the potential impact of new technologies in rackets, changing consumer preferences towards home fitness activities, and broader economic factors that may influence discretionary spending on sports equipment.
