Forecast: Employment in Manufacture of Sports Goods Sector in Spain

Employment in the Manufacture of Sports Goods sector in Spain stood at 1.97 thousand full-time equivalents in 2023. Between 2013 and 2023, the sector experienced fluctuating year-on-year variations, but overall employment demonstrated an upward trend. Significant increases were seen between 2015 and 2023, with a notable 10.55% increase in 2020. Over the last five years, the compound annual growth rate (CAGR) averaged 5.82%, indicating robust growth in the sector.

Looking towards the future, forecast data for 2024-2028 suggest continued growth, albeit at a moderated rate. The five-year CAGR is forecasted at 1.25%, with a total growth rate of 6.41% for this period. Future trends to watch include:

  • Potential impacts of technological advancements in sports goods manufacturing on employment.
  • Changes in consumer preferences towards eco-friendly and sustainable sports goods.
  • Influences of global economic conditions on the Spanish sports goods market.

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