The employment in the manufacture of sports goods sector in Austria showed fluctuating trends from 2013 to 2023. The sector faced a significant decline initially, but from 2018 onwards, a more consistent upward trajectory is observed. In 2023, employment stood at 3.47 thousand full-time equivalents, marking a 1.05% increase year-on-year. Notably, the sector exhibited stronger growth from 2018, showing a positive Compound Annual Growth Rate (CAGR) in subsequent years.
In the last two years, the increase in employment was modest, with growth rates of 1.09% in 2022 and 1.05% in 2023. The average yearly growth over the last five years (2018-2023) showed a CAGR of 1.88%, indicating moderate sector stability and resilience.
Looking ahead, forecasts predict a continued steady growth in employment, with a 5-year CAGR of 0.78% from 2024 to 2028, concluding with a projected 3.65 thousand full-time equivalents by 2028. This points to a sustained but slower growth rate for the sector.
Future trends to watch for include the impact of technological advancements in manufacturing processes, shifts in consumer preferences towards sporting goods, and potential economic fluctuations that might influence sector growth. Additionally, sustainability practices within the sector could emerge as a significant driver for employment trends moving forward.
