Over the years, the UK athletics equipment market has demonstrated a steady growth trajectory. From 2012 to 2015, the market saw significant year-on-year increases, peaking in 2015 with an 11.52% growth. There was a minor dip in 2016, but the market quickly recovered, displaying consistent positive growth through 2022. The Compound Annual Growth Rate (CAGR) has provided insights into the market's health, showing an impressive 4.36% in 2014 and maintaining a positive trend through 2022, despite some yearly fluctuations.
Key Trends:
- Between 2012 and 2015, the market experienced substantial year-on-year growth, reflecting a strong consumer demand for athletics equipment.
- 2016 saw a slight decline, which was quickly corrected in subsequent years, indicating resilient market dynamics.
- From 2017 to 2022, the market stabilized with moderate but steady growth rates, suggesting maturity in the market.
- The last two years showed modest growth rates of 1.91% and 1.83% year-on-year, emphasizing the market’s steady state.
- The average annual variation over the last five years (2018-2022) produced a mixed picture, reflecting ongoing adjustments within the market.
Future Trends to Watch:
- Technological advancements in athletics equipment, such as smart gear and integrated fitness tracking, are expected to drive future growth.
- Sustainability trends and consumer preference for eco-friendly products are likely to shape industry offerings and sales.
- Emerging health and fitness awareness post-pandemic could bolster demand for athletics equipment, contributing to market expansion.
- Market players might focus on strategic partnerships and innovation to capture a more substantial market share in the coming years.
