Sales of team sporting equipment in non-store retailing in Canada have shown a fluctuating pattern over the past decade. From a high in 2014 with a 13.32% year-on-year increase, there were subsequent declines in 2015 and 2016. Sales rebounded in 2017 with a 16.36% growth, and after some variations, stabilized around the mid-20 million CAD mark from 2018 onwards. In 2023, sales stood at 24.92 million CAD, representing a minor year-on-year increase of 0.45%. The CAGR over the last five years (2019-2023) has been 0.47%, indicating modest growth.
Looking ahead, the forecasted data shows a steady but minimal annual growth with a forecasted CAGR of 0.36% from 2024 to 2028, reaching an expected value of 25.51 million CAD by 2028. While growth is projected to be positive, it remains relatively slow.
Future trends to watch for include:
- Increasing digital transformation and e-commerce advancements could further boost non-store retailing.
- Growing interest in health and fitness post-pandemic as people invest more in home and team sports equipment.
- Potential economic fluctuations impacting consumer spending on non-essential goods like sporting equipment.
