The athletics equipment market in Canada saw fluctuations between 2013 and 2023, stabilizing somewhat in recent years. As of 2023, the market size value was $1.2386 billion. Between 2013 and 2023, the market experienced negative and positive growth rates, culminating in a modest CAGR of 0.24% over the last five years.
Key trends include:
- A decline in 2015 followed by a gradual recovery and stabilization.
- Consistent yet slight annual growth from 2017 to 2023.
- The market demonstrated resilience with a forecasted CAGR of 0.16% from 2024 to 2028.
Future trends to watch include the influence of technological advancements in athletic equipment, increased consumer focus on fitness and wellness, and potential impacts of global economic conditions on consumer spending in this segment.
