The UK market for fishing and hunting equipment has experienced some fluctuations over the past decade. Since 2013, the market size value per capita, expressed in US Dollars, has seen an overall decline from 3.07 in 2013 to 2.67 in 2023. Over the last two years, the market experienced marginal decreases of 1.1% from 2.73 in 2021 to 2.7 in 2022 and 0.96% from 2.7 in 2022 to 2.67 in 2023. The compound annual growth rate (CAGR) for the last five years indicates a decrease of approximately 0.97% on average annually.
Future trends to watch for:
- Rising consumer interest in outdoor activities could drive demand for fishing and hunting equipment.
- Potential regulatory changes and environmental concerns may impact the availability and variety of equipment.
- Technological advancements in equipment could attract new demographics to the market.