The Canadian fishing and hunting equipment market experienced fluctuating trends over the past decade, marked by a significant decline in 2015 and 2020, followed by recovery and stabilization. As of 2023, the market stood at 165.78 million USD. Recent forecasts indicate a modest growth with a five-year CAGR of 0.15% projected through 2028, reflecting steady market stabilization.
Future trends to watch for include:
- Advancements in sustainable and eco-friendly equipment to meet growing environmental concerns.
- Integration of technology, such as GPS and smart wearables, to attract a younger demographic of outdoor enthusiasts.
- Changes in consumer behavior driven by increased leisure activities post-pandemic, potentially boosting market demand.
