Valencia Sport: 5,180 Valencian Companies Benefit from Sport

The Valencian sports industry, beyond the major elite teams, is largely made up of micro-enterprises with an average of 20 employees, according to a study ⁢by the Valencian Institute of Economic Research (Ivie).

According to its data, 5,180 companies were registered in the Valencian Community in activities linked to sports practice, representing 11.6% of ⁤those existing in ⁢Spain, a percentage slightly higher than its⁣ share in the total economy (11.1%). Furthermore, these⁣ companies employ 30,995 people, ⁤equivalent to 11.1% of the employees contributing to Social Security from the sector at the national level.

In general, Valencian sports businesses have more workers compared to the national average of 14 employees. They are also⁣ 9.6% more productive (52,400 euros of value added per employee vs. 47,800 on average in Spain) and more profitable (5% return on assets vs. the national average of 2.6%).

Though, it is indeed critically important to note the significant differences between subsectors. firstly, the strong⁢ weight of companies engaged in sports activities (clubs, gyms, and similar), which represent the bulk with almost 3,900 of the total.

While almost all indicators for sports club ⁢activities in the Valencian Community are favorable compared to the national ⁤average,companies involved in the manufacture of sports goods record lower levels of profitability (9.8% vs. 12.2%), which influences their lower productivity per employee (47,000 euros vs. 70,000) and their higher ⁢debt.

On the other hand, while Valencian companies in the retail trade of sports goods are twice as large as the average (45 employees vs. 22) and their profitability is also much⁢ higher, companies managing sports facilities are smaller⁢ and less profitable than the national average.

The gym activity stands out for the lower percentage of companies at risk of financial fragility (24.7% vs. 33.1%) and in companies providing sports education and recreation, a profitability higher than the national average⁢ (7.9% vs. 5.2%). companies engaged in the rental of leisure and sports goods

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Valencia’s sports industry supports 5,180 businesses and nearly 31,000 jobs, according to a⁣ recent report.The sector’s economic impact ‍extends across various areas, including professional sports, amateur athletics, and related services.

These companies generate significant revenue for the region. They contribute to employment and economic growth. The report highlights the importance of sports as a driver of economic activity in Valencia.

The⁢ study details the diverse⁤ range of businesses involved, from sports equipment manufacturers and retailers to training⁣ facilities and event organizers. It also notes the increasing role of technology and innovation within the sports industry.

Experts predict continued⁤ growth in Valencia’s sports sector. They anticipate further investment and job ⁢creation in the coming years. The region’s favorable climate and strong sporting culture are seen as key advantages.

Local officials are working to promote ⁣the sports industry. They aim to attract more investment and develop infrastructure to support its expansion. They believe sports can play a vital role⁢ in Valencia’s economic ⁢future.