In 2023, Canada's import of yachts, pleasure vessels, sports vessels, rowing boats, and canoes stood at X million USD. Beginning in 2024, imports are forecasted to steadily rise, reaching 720.98 million USD by 2028. Year-on-year, import values are anticipated to increase by approximately 1.2% annually. Over the 5-year forecast period, the compound annual growth rate is projected at around 1.15%, indicating modest growth in Canada's maritime leisure market.
Future trends warranting attention include potential changes in consumer preferences towards eco-friendly vessels, advancements in maritime technology, and shifts in economic conditions impacting discretionary spending. Close monitoring of currency fluctuations and tariff regulations remains essential.
