The market value has increased from $131.93M in 2013 to $266.05M in 2022, with anticipated growth to $314.58M by 2028. Despite some fluctuations, the market shows a positive growth trend. Recent years show a recovery with YoY variations: 8.68% in 2021, 3.08% in 2022, and 2.93% in 2023, aligning to a CAGR of 2.81%. Forecast CAGR for 2024-2028 is 2.18%, with a growth rate of 11.39%.
Future trends include an increasing demand for quality life interventions, the resurgence in outdoor and home-based activities, and technological advancements in sports equipment manufacturing. Sustainability factors could also play a critical role in market dynamics.
