The value added of Sports Activities, Amusement, and Recreation Activities in Turkey has experienced significant growth over the past decade. From 2013 to 2023, the sector grew from 3.68 billion to 14.75 billion New Turkish Liras. The sector saw robust growth during 2016 with an 81.85% increase, indicating a significant boom. However, growth rates have stabilized in the recent years with a 5.05% year-on-year increase in 2023. The compounded annual growth rate (CAGR) for the last five years stood at 6.18%.
Projecting into the future, forecast data indicates a continued positive yet slower growth with a forecasted CAGR of 3.21% over the next five years, reaching 18.09 billion New Turkish Liras by 2028. This forecast suggests a 17.12% overall growth in the industry by 2028.
Future trends to watch for include:
- The impact of economic policies and currency fluctuations on disposable income.
- Technological advancements and their integration into sports and amusement services.
- Increased investment in infrastructure to support tourism and local recreation.
- Shifts in consumer preferences towards wellness and outdoor activities post-pandemic.
