The import value of inflatable pleasure craft to Canada was $17.99 million in 2023 and is forecasted to see a steady increase over the next five years. By 2025, it is expected to be $18.571 million, leading up to $20.244 million in 2028. This represents a consistent year-on-year growth, culminating in a compound annual growth rate (CAGR) of approximately 2.9% from 2023 to 2028.
Future trends to watch for include:
- Increasing consumer interest in recreational and leisure activities.
- Potential impact of international trade policies on import tariffs and pricing.
- Technological advancements in inflatable crafts enhancing safety and user experience.
- Growth of e-commerce platforms boosting accessibility to global markets.
- Environmental sustainability trends influencing product materials and manufacturing processes.
