The number of employees in the Manufacture of Sports Goods sector in Austria has exhibited a fluctuating trend over the years from 2013 to 2023. The sector saw declines in particular years such as 2013 (-6.42%) and 2014 (-3.02%) but recovered with periods of growth, notably in 2018 (9.82%) and continued to increase moderately up to 2023 where it stood at 3.84 thousand employees. The Compound Annual Growth Rate (CAGR) for the last five years, from 2018 to 2023, is recorded at 2.91%, signaling positive but steady growth.
In terms of future trends, it's forecasted that the sector will continue to grow, albeit at a slower annual average growth rate of 1.04%. By 2028, the number of employees is expected to increase by 5.3% compared to the figures from 2023. This suggests a stable yet modest expansion within the sports goods manufacturing sector in Austria over the next five years.
Future trends to watch for include advancements in sports goods technology, increasing consumer interest in fitness and sports, and potential impacts from economic factors such as labor market conditions and international trade policies. Monitoring these factors will be crucial for predicting and understanding employment trends in this sector.