In 2024, Germany leads with a Gross Value Added share of €43.53 million in the European recreational activities market. France follows with €31.05 million, then the Netherlands at €7.22 million. Greece and Belgium contribute €3.71 million and €3.47 million respectively. Slovakia, Malta, Portugal, Croatia, Latvia, Lithuania, Slovenia, Estonia, and Cyprus add smaller portions ranging from €2.84 million to €0.46 million each.
Notably, year-on-year variations for 2023 show significant growth in Estonia (12.78%), Malta (6.79%), Cyprus (5.5%), and Portugal (3.17%). Conversely, the Netherlands (-3.02%), Slovakia (-0.43%), and Greece (-0.75%) experienced declines. Over the last five years, these trends are indicative of larger fluctuations within smaller markets while the larger markets show stability with moderate growth.
Future trends to monitor include the impact of sustainable travel initiatives, digital transformation in recreational services, and economic recovery post-COVID-19 which may lead to a re-distribution of market shares across these countries. Additionally, emerging markets like Malta, Estonia, and Cyprus are expected to experience faster growth compared to more saturated markets like Germany and France.
Top countries in Recreational Activities Gross Value Added Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 43.53 | 2023 | +6.84% | +1.82% | View data |
| 2 | 2 France | 31.05 | 2023 | +1.77% | +1.28% | View data |
| 3 | 3 Netherlands | 7.22 | 2023 | -20.68% | -3.02% | View data |
| 4 | 4 Greece | 3.71 | 2023 | -1.86% | -0.75% | View data |
| 5 | 5 Belgium | 3.47 | 2023 | +7.23% | +3.06% | View data |
| 6 | 6 Slovakia | 2.84 | 2023 | -5.31% | -0.43% | View data |
| 7 | 7 Malta | 2.03 | 2023 | +3.49% | +6.79% | View data |
| 8 | 8 Portugal | 1.55 | 2023 | +6.24% | +3.17% | View data |
| 9 | 9 Croatia | 1.04 | 2023 | -3.47% | +2.3% | View data |
| 10 | 10 Latvia | 0.83 | 2023 | +10.39% | +2.55% | View data |
