The production value of sports activities, amusement, and recreation activities in Germany experienced a steady increase from 2013 until 2019, showing year-on-year variations ranging between 2.15% and 7.14%. However, 2020 saw a significant decline of 59.25%, likely due to the effects of the COVID-19 pandemic. The recovery was swift in 2021 with a remarkable 131.12% increase, bringing the value closer to pre-pandemic levels. By 2023, the value reached 35.77 billion Euros, reflecting a year-on-year variation of 2.48%. Over the last five years, the compound annual growth rate (CAGR) was relatively moderate at 2.92%, highlighting a trend of recovery and stabilization.
From 2024 onward, the forecasted values suggest a continued upward trend, albeit at a slower pace. The forecasted CAGR for the next five years is 1.91%, with a total growth rate of 9.91% by 2028. Future trends to watch for include potential impacts from economic shifts, changes in consumer behavior towards sports and recreation, and technological advancements that could influence industry dynamics.
