The sales of exercise equipment in non-store retailing in Canada exhibited significant growth from 2013 to 2023. The value in 2023 stood at 176.34 million Canadian Dollars. The market showed remarkable year-on-year variations with substantial increases in certain years, such as 2017 (38.57%) and 2015 (36.82%). However, there were also slight declines observed in 2018 (-3.59%) and 2020 (-0.98%). Over the last two years, the market has grown moderately with year-on-year increases of 3.75% in 2022 and 3.54% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years was 4%.
Future trends to watch for include continuous moderate growth with a forecasted CAGR of 2.58% over the next five years, indicating a steady yet slower market expansion. Factors such as technological advancements in exercise equipment, shifting consumer preferences towards home fitness solutions, and potential economic fluctuations could influence these trends.
