The forecast for the turnover in the manufacture of sports goods sector in Spain shows steady growth from 2024 to 2028. Starting at 429.5 Million Euros in 2024, it escalates to 520.9 Million Euros by 2028. Year-on-year, the turnover is expected to increase by around 5% annually. For instance, between 2024 and 2025, the turnover sees an increase of 5.7%, and from 2025 to 2026, another 5.2% rise is forecasted. This trend reflects a consistent demand growth in the sports goods sector.
The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 is approximately 5.1%, indicating a robust average growth rate over these five years. As we stand in 2024, the latest actual figures from 2023 will be critical for validating this growth trajectory.
Future trends to watch for include potential influences from emerging technologies in sports equipment, increasing health consciousness among consumers, and the impact of global sports events which could drive demand further. Monitoring these factors will be crucial in predicting and responding to market changes.
