Sporting Goods Stores in Canada
Over the five years to 2018, the Sporting Goods Stores industry in Canada has fared well due to strong demand from health-conscious individuals and growth in per capita disposable income. In particular, alternative exercise methods gained popularity throughout the period, with many individuals participating in CrossFit, tai chi, yoga and Pilates, which have stimulated demand for related sporting goods, apparel and footwear. However, intensifying competition from external competitors, such as department stores and mass merchandisers that also offer sporting goods in their product portfolio, has constrained industry revenue growth due to high price-based competition. Over the five years to 2023, industry revenue is forecast to grow as growth in sports participation propels demand for athletic apparel, equipment and footwear.
This industry retails new sporting goods, including bicycles, camping equipment, exercise and fitness equipment, apparel, footwear and other sporting goods and accessories. Products are sourced from sporting goods manufacturers and wholesalers and then sold to the general public via retail stores. Department stores, mass merchants and retailers that exclusively sell apparel are not included in this industry.
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.
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