From 2013 through 2019, the sports activities, amusement, and recreation activities output in Canada demonstrated a consistent upward trend, culminating in an output of $12.75 billion CAD in 2019. The onset of the COVID-19 pandemic in 2020 resulted in a significant contraction, with output falling to $9.09 billion CAD. However, the sector showed resilience with substantial recoveries in 2021 and 2022, achieving $13.25 billion CAD in 2022 and $14.7 billion CAD in 2023. Based on forecasts, the output is projected to continue growing, reaching $17.8 billion CAD by 2028, reflecting a 5-year compound annual growth rate (CAGR) of 3.03%.

Future trends to watch for include:

Continued digital transformation in sports and entertainment through online platforms and virtual reality experiences.
Increased emphasis on health and wellness, driving demand for recreational activities.
Recovery and growth post-pandemic, influenced by changing consumer behaviors and preferences.