The production in the manufacture of sports goods sector in Austria has experienced a steady upward trend from 2013 to 2023, with a notable dip in 2020. The 2023 value stands at 922.4 million Euros. Year-on-year variations highlight significant growth spurts in 2017 and 2018, while 2020 saw a sharp decline due to external factors, likely related to the global pandemic. The last five years' CAGR was 2.54%, reflecting moderate annual growth.
Future projections suggest a continued upward trend, although growth will be more gradual. The forecasted 5-year CAGR is 0.85%, indicating slower progress compared to the previous period.
Future trends to watch:
- Impact of technological advancements on production efficiency and costs.
- Shifts in consumer preferences towards sustainable and eco-friendly sports goods.
- Potential market disruptions from global economic fluctuations or supply chain issues.