The forecasted turnover in the UK's retail sale of sporting equipment in specialized stores sector shows a consistent growth from 2024 to 2028, starting at £11.07 billion and reaching £12.16 billion. This represents a year-on-year percentage variation of approximately 2.5%. The actual value in 2023 stood at £10.82 billion, indicating a steady increase. Over the five-year period, the compound annual growth rate (CAGR) is projected to be around 2.3%.
Future trends to watch for include:
- Increasing consumer focus on health and fitness, boosting demand for sports equipment.
- Technological advancements in sporting goods, potentially driving sales.
- Growing e-commerce channels competing with physical retail outlets.
- Environmental sustainability influencing product innovations.