In 2023, the number of persons employed in the renting and leasing of recreational and sports goods sector in the UK was at 8.80 thousand. Forecasts indicate a gradual increase in employment from 2024 to 2028, reaching 9.60 thousand in 2028.
Year-on-year growth from 2024 to 2028 averages around 1.8%, while the five-year compound annual growth rate (CAGR) is 1.68%. This consistent upward trend suggests a steady recovery and growth within the sector.
Future trends to watch for include:
- The impact of technological advancements such as digital platforms on rental services.
- Increasing demand for eco-friendly and sustainable recreational goods.
- Evolving consumer preferences influenced by economic conditions and lifestyle changes.
