The market size value for sporting equipment, swimming, and paddling pools in the Philippines stood at 43.5 million USD in 2023. Forecasted data indicates a steady increase in market size from 2024 to 2028, growing from 45.76 million USD in 2024 to 50.347 million USD in 2028.
Year-on-year variations show a consistent growth trend with the following percentage increases: 2.58% from 2024 to 2025, 2.46% from 2025 to 2026, 2.36% from 2026 to 2027, and 2.26% from 2027 to 2028. These annual variations cumulatively contribute to a compound annual growth rate (CAGR) of approximately 2.41% over the five-year period.
Future trends to watch for include rising consumer interest in outdoor and recreational activities, driven by increasing health consciousness and an improving economy. Additionally, innovations in product materials and designs, along with effective marketing strategies, are likely to further fuel market growth.
