Athletic & Sporting Goods Manufacturing in Canada - Industry Market Research Report

Going for gold: Industry imports will continue growing, increasing competition for operators

The abundance of low-cost sporting goods from global manufacturers has contributed to the recent decline in revenue for sporting goods manufacturers. More retailers have stocked low-cost sporting goods from overseas manufacturers to appeal to budget-conscious consumers. The industry is highly fragmented, with many manufacturers specializing in a particular sporting activity. A favourable shift in consumer attitudes toward health and athletics has lessened the slump in revenue. Revenue for sporting goods manufacturers is expected to drop at a CAGR of 7.1% to $1.2 billion through the end of 2028, despite growth of 3.2% in 2023 when profit will reach 2.2% of revenue. The Athletic and Sporting Goods Manufacturing industry in Canada buys raw materials and transforms them into a range of sporting and athletic goods, except apparel and footwear. Examples include balls for sports such as baseball, football and basketball, as well as outdoor equipment activities such as fishing, hunting and camping. The finished products are then marketed to wholesalers and retailers. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.