In 2023, the number of self-employed persons in sports activities, amusement, and recreation activities in the US stood at approximately 349,000. Forecasted data from 2024 to 2028 shows a steady annual growth in this sector, with year-on-year increases ranging from 0.8% to 0.9%. The compound annual growth rate (CAGR) over the next five years is projected to be around 0.7%, indicating a consistent upward trend in self-employment within this industry.
Future trends to watch for include:
- An increasing focus on digital and online platforms which could drive new opportunities for self-employed individuals in the sports and recreation sector.
- Potential impact of economic factors and consumer spending trends on discretionary spending towards recreational activities.
- Influence of health and wellness trends, which may boost demand and opportunities in fitness and recreation-related activities.