The sports goods turnover in the UK has displayed significant fluctuations from 2013 to 2023. The market experienced several phases of growth and decline: a notable peak in 2015, with a growth rate of 22.62%, followed by a decrease in 2016 and 2018. The years 2017 to 2023 showed a relatively stable yet modest growth trend, culminating at 755.7 million euros in 2023. Year-on-year growth hovered around 0.19% in 2023, with a five-year CAGR of 1.17%, indicating a slow but steady increase.
Looking forward, the forecasted data suggests a consistent yet minimal growth rate, projected at around 0.15% CAGR over the next five years, reaching approximately 763.12 million euros by 2028. This reflects maturity in the market with limited expansion.
Future trends to watch for include:
- Emergence of new sports and fitness activities driving niche market growth.
- Advancement in technology leading to innovative sports goods.
- Potential economic fluctuations impacting consumer spending.
- Increased focus on sustainability influencing purchasing choices.
