The market size of sporting equipment, swimming, and paddling pools in Canada was $1.624 billion in 2023. Examining year-on-year variation from 2021 to 2023, 2021 saw a slight recovery with a 5.2% increase, while subsequent years experienced minor declines at -0.058% and -0.057% respectively. Over the last five years, the Compound Annual Growth Rate (CAGR) hovered around -0.18%, indicating a broadly stagnant market.
From 2024 onwards, the forecast suggests a marginally declining trend with a 5-year CAGR projected at -0.05%, and an overall growth rate of -0.23% up to 2028. Future trends to watch for include the impact of economic conditions on discretionary spending, potential technological advancements in sports equipment, and evolving consumer health and fitness preferences, all of which could influence market dynamics.
