In 2023, the market size for sporting equipment, swimming, and paddling pools in Thailand stood at 68.518 million US dollars. Observing the performance over the past two years, the market experienced a year-on-year growth of 3.39% in 2022 and 3.21% in 2023. Analyzing the five-year period leading up to 2023, the compound annual growth rate (CAGR) was 2.94%. The trend over the last decade indicates fluctuating growth rates, with notable peaks occurring in 2016 and 2018 with growth rates above 11%.
Future trends to monitor include gradual market expansion with the forecast CAGR at 2.37% from 2024 to 2028, alongside an overall growth rate of 12.41%. Additionally, potential factors influencing these trends could involve changes in consumer behavior towards fitness and wellness, influenced by post-pandemic lifestyle shifts and investments in public recreational infrastructure.
