The sports goods wages and salaries in Spain are forecasted to grow steadily from 2024 to 2028, with an annual increase ranging between 1.3% and 2.0%. In 2023, the figures stood at 50.9 million euros. Compared to 2023, the values for 2024 represent a 1.8% increment, while 2025 and 2026 anticipate further rises of 1.9% and 1.3%, respectively. By 2027 and 2028, the growth rates are projected at 1.3% and 0.7% annually. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is approximately 1.4%.
Future trends to watch for include potential increases in wages due to inflationary pressures, changes in labor market dynamics, and shifts in the demand for sports goods driven by lifestyle changes and increased health consciousness in the post-pandemic period. Additional considerations include the impact of digitalization and e-commerce on labor costs within the sector.
