In 2023, the number of employees in the manufacture of sports goods sector in Spain stood at 1.87 thousand. This represents a 2.3% year-on-year increase from 2022, with a five-year CAGR of 3.76%. Looking back, this sector has shown significant positive growth since 2013, despite a few years of slight decline or stable numbers. The data from 2013 to 2023 indicate a trend of gradual recovery and consistent growth, especially from 2018 onwards.
As we look to the future, the number of employees is forecast to continue growing, reaching 2.07 thousand employees by 2028. This forecast translates to an average annual growth rate of approximately 1.55% over the next five years and an overall growth rate of 8% from 2023 to 2028. This suggests a positive but slightly slower growth trajectory compared to the past few years.
Trends to watch for:
- Technological advancements in manufacturing processes.
- Shifts in consumer preferences and demand for sports goods.
- Potential impacts of economic fluctuations and policy changes on the sector.
- Growth in niche markets within the sports goods sector.
- Sustainability trends affecting manufacturing practices and employment.