In 2023, the employment in the Renting and Leasing of Recreational and Sports Goods sector in the UK stood at approximately 7.77 thousand Full-Time Equivalents. From 2024 to 2028, employment is forecasted to grow steadily from 7.95 to 8.72 thousand, showing an annual growth rate. The year-on-year growth percentages for this period indicate a consistent upward trajectory, highlighting a positive growth trend. The compounded annual growth rate (CAGR) over the five-year forecast period is approximately 2.3%.
The sector is expected to continue its growth due to increasing popularity in recreational activities and a shift towards rental over ownership. Future trends to watch include the impact of technological advancements on sector efficiency, changes in consumer preferences, economic influences, and potential regulatory changes influencing business operations and consumer behavior.
