Between 2013 and 2023, the sold production of gymnasium or athletics articles and equipment in Germany has exhibited a gradually declining trend. From 161.43 million Euros in 2013, the value reached 143.99 million Euros in 2023. The most notable dip occurred in 2020, coinciding with the COVID-19 pandemic, which saw a sharp decline of 14.38% year-on-year. However, a recovery was observed with a 7.24% increase in 2021 and an 8.85% rise in 2022. The compound annual growth rate (CAGR) over the last five years reflects a slight decrease of -0.58%.
Future trends to watch for include:
- The continuation of a slight downward trend, with forecasts predicting a -0.35% CAGR from 2024 to 2028.
- Potential technological advancements and digital integration in athletic equipment may offset some declines.
- The impact of health-conscious consumer behavior could stimulate market growth despite overall declining trends.
