The forecasted average expenditure per household on recreation equipment and related services in Canada shows a gradual increase from CAD 1.02 thousand in 2024 to CAD 1.04 thousand in 2028. The year-on-year growth remains consistent at 0% between 2024 and 2025, and increments of approximately 1% from 2026 onward. By 2023, the expenditure was approximately CAD 1.01 thousand, indicating a steady growth with an expected Compound Annual Growth Rate (CAGR) of about 0.7% over the five-year forecast period.
Future trends to watch include potential impacts of economic changes on disposable incomes and heightened interest in physical health and leisure activities driving demand for recreation equipment. Additionally, technological advancements in recreational equipment may influence consumer spending patterns and preferences.
