As of 2023, the actual number of employees in the renting and leasing of recreational and sports goods sector in the UK stood at approximately 8.8 thousand. From 2024 to 2028, forecasts indicate a steady growth trend with employee numbers increasing from 8.99 to 9.76 thousand. The year-on-year growth rates demonstrate consistent expansion, each year showing a marginal yet positive increase.
The Compound Annual Growth Rate (CAGR) over the forecast period from 2024 to 2028 is targeted at a stable rise showcasing the sector's resilience and growth potential.
Future trends to watch for include:
- Technological advancements in rental systems that could streamline operations.
- Increased demand for eco-friendly and sustainable recreational solutions driving new job opportunities.
- Potential impacts of economic fluctuations on discretionary spending influencing rental behaviors.