Between 2013 and 2023, Austria's Sports Activities, Amusement, and Recreation Activities sector demonstrated variable growth. The sector witnessed a steady increase in output from 2013 through 2019, averaging a year-on-year growth of around 6%, reaching a peak of €2.89 billion in 2019. However, the effect of the COVID-19 pandemic resulted in a significant drop of 24.53% in 2020, with a slight recovery of 0.67% by 2021.
By 2022, the sector bounced back robustly with a 33.67% increase to €2.93 billion but saw a minor drop to €2.77 billion in 2023, reflecting market stabilization. The compound annual growth rate (CAGR) over the last five years stood at 0.41%.
Looking ahead, the sector is forecasted to resume moderate growth, with predictions suggesting a CAGR of 1.73% over the next five years, translating to an overall growth rate of 8.94% by 2028.
Future trends to watch include potential market innovation, the integration of digital and virtual experiences, and consumer behavior shifts in post-pandemic society—all of which can significantly influence the sector’s trajectory.
