Forecast: Value Added of Sports Activities, Amusement and Recreation Activities in Canada

The value added of sports activities, amusement, and recreation activities in Canada stood at 6.36 billion Canadian Dollars in 2023. The sector has demonstrated fluctuating growth rates over the years, with notable declines and recoveries, particularly the substantial contraction of -33.32% in 2020 followed by a significant rebound of 28.23% in 2021. Between 2018 and 2023, the average annual growth rate (CAGR) was 3.17%. Forecasted values for 2024 to 2028 indicate a sustained growth trend with an estimated average annual CAGR of 2.01% over the next five years, resulting in a total growth of 10.45% by 2028.

  • Value of 6.36 billion CAD in 2023
  • Significant dip in 2020 due to external shocks
  • Recovery phase starting from 2021 onwards
  • Projected steady growth through to 2028

Future trends to watch for include technological innovations enhancing user experiences, shifts in consumer preferences towards health and wellness activities, demographic changes impacting participation rates, and potential regulatory impacts aimed at promoting safety and environmental sustainability within the sector.

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