The sports, amusement, and recreation sector in Austria demonstrated a steady increase in output from 2013 to 2019, with an annual growth peaking at 8.98% in 2014 and maintaining a healthy average CAGR of approximately 6.41% up until 2019. The sector experienced a significant downturn in 2020, with a -24.54% year-on-year variation due to the COVID-19 pandemic. However, it showed strong recovery in 2021 and continued growth through to 2023. The forecasted data from 2023 to 2028 predicts a more moderate growth trajectory with a 5-year CAGR of 2.41% and a total growth rate of 12.63%.
Looking ahead, the sector is expected to stabilize, with growth rates normalizing after the post-pandemic surge. Key trends to watch include digital transformation within sports and recreational activities, increased focus on outdoor and wellness-related activities post-pandemic, and the integration of sustainability practices within the sector. These factors are anticipated to drive the sector’s growth and evolution in the coming years.
