The production of sports activities, amusement, and recreation activities in Canada has shown considerable growth from 2013 to 2023, reaching 13.68 billion CAD in 2023. This growth trend was particularly strong between 2016 and 2019, where year-on-year growth rates averaged above 6%, peaking at 9.21% in 2017. However, the COVID-19 pandemic in 2020 resulted in a significant downturn, with a 16.33% decline. The industry rebounded in the following years, notably achieving a year-on-year increase of 11.11% in 2021 and 13.73% in 2022. Over the last five years, the compound annual growth rate (CAGR) was approximately 2.96%.
Future trends should monitor the evolution of the pandemic's impact, technological advancements in digital entertainment, and changing consumer preferences towards health and outdoor activities. Predicted growth rates suggest a steady yet moderate increase, with a forecasted 5-year CAGR of 1.75% through 2028. These trends indicate a gradual recovery and stability in the sector.
