Between 2013 and 2023, the Manufacture of Sports Goods sector in Spain showed significant growth. Starting from €195.5 million in 2013, the industry rose to €394.4 million in 2023, with notable upticks in 2015, 2017, and a substantial leap in 2020. The year-on-year growth reflects occasional declines but marks an overall positive trend. Specifically, 2020 saw a 24.52% increase, while 2021 and 2022 had growth rates of 3.36% and 8.12%, respectively. The recent 2023 value stood at €394.4 million, underscoring consistent elevation. The CAGR for the past five years (2018-2023) is 9.28%, indicating substantial average annual growth.
Future forecasts suggest a continued upward trajectory. By 2028, projections estimate a value of €495.7 million, with a five-year CAGR of 3.47%. The industry is expected to grow by 18.59% from 2024 to 2028.
Trends to watch for include technological advancements in sports goods manufacturing, increasing consumer demand for high-performance equipment, and the potential impact of economic factors on disposable income and spending behavior in the sports sector.
