The sector has experienced gradual growth from 2013 to 2019, with a notable dip in 2020 due to the pandemic, reflected by a -17.27% YoY variation. After a recovery phase, the estimated Compound Annual Growth Rate (CAGR) from 2024 to 2028 is 1.99%, indicating steady but slower growth heading into the future.
- 2013: Year-on-year: 4.59%
- 2014: Year-on-year: 4.21%
- 2015: Year-on-year: 2.51%, CAGR: 3.45%
- 2016: Year-on-year: 4.6%, CAGR: 3.49%
- 2017: Year-on-year: 4.61%, CAGR: 4.1%
- 2018: Year-on-year: 2.47%, CAGR: 3.68%
- 2019: Year-on-year: 5.19%, CAGR: 3.87%
- 2020: Year-on-year: -17.27%, CAGR: -0.49%
- 2021: Year-on-year: 13.04%, CAGR: 1.07%
- 2022: Year-on-year: 8.74%, CAGR: 1.85%
- 2023: Year-on-year: 6.48%, CAGR: 2.64%
- 2028: Forecast 5-Year CAGR: 1.99%, Forecast 5-Year Growth Rate: 10.35%
Future trends to watch include the increasing digitalization of sport and recreation activities and the sector’s adaptation to shifting consumer preferences toward wellness and experiential activities.
