The market for sporting equipment, swimming, and paddling pools in China has shown substantial growth over the past decade, with a notable rise from $2.9451 billion in 2013 to a projected $6.6961 billion in 2024. Despite encountering fluctuations such as a drop in 2016 and 2020, the general trend has been upward, with growth momentum strengthening again post-2021. In 2023, the market stood at $6.4543 billion, demonstrating a steady year-on-year growth rate of 3.53% from 2022.
The last two years reflected shifts, with a moderate growth of 3.74% in 2022 and 3.53% in 2023. The compound annual growth rate (CAGR) over the past five years was 3.39%, while future projections estimate a 5-year CAGR of 2.58% from 2024, expecting the market to reach $7.6047 billion by 2028, indicating a 13.57% growth over this period.
Future trends to watch for include potential innovation in eco-friendly manufacturing processes, rising health consciousness promoting more sporting activities, and a burgeoning interest in outdoor recreational activities driving demand in swimming and paddling pools.
