The turnover in the Manufacture of Sports Goods sector in Austria saw fluctuating trends historically. In 2013, the sector experienced a notable decline, but the period from 2017 onwards marked significant growth. The turnover in 2023 stood at 1280 million Euros, reflecting a steady rise with a year-on-year increase of 6.51%. Over the past two years (2022-2023), the sector showed robust performance with percentage variations of 9.32% and 6.51%, respectively. Over the last five years (2018-2023), the sector enjoyed an average annual growth rate (CAGR) of 3.89%, indicating a healthy uptrend.
Looking forward, turnover is forecasted to increase steadily, though at a slower pace. From 2024 to 2028, the forecasted average annual growth rate (CAGR) is 1.24%, suggesting moderate but consistent growth. Key future trends to watch include the impact of technological innovations in sports goods manufacturing, increased consumer health consciousness, and potential market diversifications driven by changing sports activities and preferences.
