In 2023, household expenditure on sporting goods in Japan stood at 13.52 thousand Japanese Yens. From 2024, the forecasted expenditure shows a gradual increase year on year: 13.54 in 2024, 13.57 in 2025, 13.6 in 2026, 13.62 in 2027, and 13.65 in 2028. The year-on-year variations reflect a steady albeit modest growth trajectory, averaging an annual increase (CAGR) of approximately 0.2% over the five-year forecast period.
Future trends to watch for include:
- Demographic shifts, particularly the aging population, which may impact spending patterns.
- Technological advancements in sporting goods that could drive demand.
- Increased health consciousness and government initiatives promoting physical activity.
- The potential impact of economic conditions and consumer confidence on discretionary spending.
