The value added of sports activities, amusement, and recreation activities in Belgium increased from 983.71 million Euros in 2013 to 1390 million Euros in 2023. The sector experienced notable growth up to 2019, followed by a significant decline in 2020 attributed to the COVID-19 pandemic. However, the sector rebounded strongly in 2021 and continued to grow, reaching 1390 million Euros in 2023. The Compound Annual Growth Rate (CAGR) over the past five years was approximately 2.53%.
Future forecasts indicate a steady growth rate in the sector, with an expected CAGR of 2.14% from 2024 to 2028, predicting an overall growth rate of 11.17% by 2028. Key trends to watch include digital transformation in entertainment, evolving consumer preferences, and the integration of new technologies like augmented and virtual reality in recreational activities.
