The value-added of sports activities, amusement, and recreation activities in Spain has shown a consistent upward trend over the past decade, with notable fluctuations. The sector started at €8.31 billion in 2013, reached €12.18 billion by 2023, reflecting an overall positive trajectory. The year-on-year variation has generally been positive, although there were occasional dips. For instance, 2018 saw a slight decrease of -1.53%, while 2020 faced the uncertainties of the global pandemic with a modest growth of 2.49%. Over the last five years, from 2018 to 2023, the compound annual growth rate (CAGR) was 2.63%, reflecting steady, yet modest growth. In 2023, the value stood at €12.18 billion.
The forecasted data from 2024 to 2028 suggests a continuation of this growth pattern, albeit at a slower pace. By 2028, the value is projected to reach €13.41 billion, with a foreseen 5-year CAGR of 1.52% and a total forecasted growth rate of 7.83% over this period. This indicates a gradual but sustained increase in the sector's value.
Future trends to watch for:
- Technological advancements in sports and recreation, including virtual reality and augmented reality experiences.
- Increasing demand for wellness and fitness activities, driven by a growing health-conscious population.
- Investment in sustainable and eco-friendly recreational activities, as environmental concerns become more prominent.
