The Manufacture of Sports Goods sector in Germany has experienced fluctuations over the past decade, with notable year-on-year variations. From 2013 to 2023, employment in the sector showed periods of both growth and decline. For 2023, the employment figure stands at 7.94 thousand Full-Time Equivalents. After a remarkable increase of 25.07% in 2018, the sector saw a significant downward adjustment, followed by a recovery in recent years, with a 4.73% increase from 2022 to 2023. The CAGR over the last five years was around -0.65%.
Future projections from 2024 onwards indicate a steady employment growth, with a forecasted CAGR of 1.61% over the next five years, reaching 8.79 thousand Full-Time Equivalents by 2028. This forecast suggests a more stable and gradual increase compared to the previous decade's volatility.
Trends to watch for in the future include:
- Technology advancements and automation in manufacturing processes.
- Increased demand for eco-friendly and sustainable sports goods.
- Potential market expansion due to growing global interest in health and wellness.
