How To Start Sports & Leisure Products Business In Canada
The Sports & Leisure Products Business In Canada has been the best business in the number of nations throughout the world and have been subjected to the corporate and globalization influence. Below are things that should know that how to start sports & leisure products business in Canada.
In the recent years, the number of small sports & leisure enterprises (i.e., individually or family-owned health clubs or sports stores) have been reduced drastically as large corporations like Goodlife Fitness and Play It Again Sports have cornered the Canadian Market from one coast to the another.
Although corporate and globalization influence may present ease to its consumers, in the senses which exist and no surprises are there in respect to the what you think to buy and what you receive, the “quality of services” is subject to question.
When personal services like leisure and sports become subject to the big corporations, which focus on the individual consumer and this may become lost in the shuffle.
The athletic goods and sporting manufacturing industries comprise of the number of establishments which primarily get engaged in manufacturing athletic goods and sporting, except footwear and clothing.
33992 is the industry code for NAICS i.e The North American Industry Classification System—Athletic Goods and Sporting Manufacturing. This industry includes below-mentioned activities and products.
– Sports equipment (racquet sports, pool, hockey, gymnastics, football, golf, fishing, billiards, basketball, baseball) manufacturing
– Specific equipment (playground equipment, swimming pools, skis, snowshoes, exercise machines, skates (ice and roller), sailboards) manufacturing
The athletic goods and sporting manufacturing industry exhibits its growth in shipments, fuelled by increased export and domestic demand. Shipments in Canada have been increased at an annual rate of around 7.3% since 2011, to a total amount of $1.1 billion in the year 2015.
In the same period of time, the total apparent domestic and exports market has been increased at an annual rate of 5.8% and 8.3%. Imports industry in Canada grew at the average rate of nearly 8.2% between the year 2011 and 2015, that exceeded the change in exports and an increase in a negative trade balance of around $1.4 billion in the year 2015. Between the year 2010 and 2014, the total number of establishments in Canada contracted by 9% or 27 establishments.