The sports activities, amusement, and recreation activities output in France reached 29.19 billion Euros in 2023. Between 2013 and 2023, the industry showed a positive growth trend, except for a significant drop in 2020 caused by the COVID-19 pandemic. Year-on-year variations often hovered between 2.47% and 5.19% until 2019. Following the pandemic, the sector rebounded, seeing a 10.92% increase in 2022 and a 6.59% rise in 2023. Over the last five years, the industry demonstrated a 2.21% CAGR.
Future trends to watch for:
- The forecasted CAGR for the next five years is 2.04%, with a cumulative growth of 10.63% by 2028.
- Growth in digital and virtual recreational activities.
- Increasing emphasis on health and wellness in sports and recreation.
- Potential economic fluctuations impacting disposable incomes and spending on recreational activities.
