The Manufacture of Sports Goods Sector in Sweden has experienced significant fluctuations in employment over the past decade, peaking at 652 FTEs in 2014 and declining steadily since. Between 2013 and 2023, the sector saw a notable decrease, culminating in a workforce of 311 FTEs in 2023. The sector saw severe declines particularly from 2017 onward, with a year-on-year decline of 34.72% in 2017. The overall Compound Annual Growth Rate (CAGR) for the period 2018-2023 was -2.78%, reflecting a persistent downward trend.
For the forecasted period from 2024 to 2028, employment in this sector is expected to continue its decline at a forecasted CAGR of -8.28%, leading to an anticipated workforce of only 185 FTEs by 2028. This represents a 35.09% drop from 2023 levels.
Future trends to watch for include technological advancements which may lead to automation and thus reduced labor needs, the impact of global economic conditions on local sports goods manufacturing, and possible shifts in consumer preferences towards different sports and related equipment.
