From 2013 to 2023, the value added of sports activities, amusement, and recreation activities in Mexico exhibited a generally upward trend, increasing from 18.79 billion MXN to 27.94 billion MXN. The year-on-year growth rates during this period varied, with notable spikes in 2016 and 2018. The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) stood at 2.76%. In 2023, the value was 27.94 billion MXN.
Looking forward, projections indicate continued growth from 2024 to 2028, with the value expected to reach 31.44 billion MXN by 2028. However, the average annual growth rate is forecasted to slow down to a CAGR of 1.86%, reflecting a more moderate expansion pace compared to previous years.
Future trends to watch for:
- Potential impacts of economic fluctuations on discretionary spending in amusement and recreation sectors.
- Emerging technological advancements and their integration into the sports and recreation industry.
- Changing consumer preferences towards more sustainable and innovative recreational activities.
- Policy changes and investment in infrastructure that could influence sector growth.
