Analyzing Italy's Sports Activities, Amusement, and Recreation Activities Gross Value Added from 2013 to 2023, the sector shows a general upward trend reaching €8.66 billion in 2023. Significant declines occurred in 2020 with a 29.59% drop, likely due to the COVID-19 pandemic. However, recovery was strong in subsequent years, with notable year-on-year growth: 23.42% in 2021, 12.57% in 2022, and 8.3% in 2023. The year-end CAGR from 2018 to 2023 stands at 2.37%, indicating a consistent increase over the past five years.
From 2024 onwards, forecasted values suggest continued growth reaching €9.44 billion by 2028, with an average yearly growth rate of 1.37%. This consistent increase underscores a positive outlook for the sector.
Future trends to watch for include the impact of digital transformations, increased investment in sustainable and eco-friendly recreational activities, and potential disruptions from global economic conditions.
