The manufacture of sports goods sector in Italy has seen fluctuating production levels over the past years. In 2023, the production value stood at 1.53 billion Euros. From 2013 to 2023, the sector experienced various ups and downs with notable increases in 2015 (25.17%) and declines in 2016 (-17.78%). Over the last five years (2018-2023), the compound annual growth rate (CAGR) averaged out at a modest 0.73%.
Considering the forecast from 2024 to 2028, the production value is expected to gradually increase, reaching 1.64 billion Euros by 2028. The forecasted five-year CAGR is estimated at 1.12%, indicating a steady yet slow growth trajectory. Overall, the sector is predicted to grow by 5.72% over these five years.
Future trends to watch for:
- Innovation in sports technology and materials.
- Increased demand for sustainable and eco-friendly sports goods.
- Impact of global sporting events on production and demand.
- Adoption of digital platforms for sales and distribution.
- Potential economic or geopolitical factors affecting international trade.
