In 2023, the UK market size for tracksuits, ski suits, swimwear, and other garments of knitted or crocheted textiles was [Value for 2023]. Fast-forwarding to 2024, forecasted growth trends indicate a gradual increase; volumes are expected to reach 33.602 million. Forecasts predict a steady year-on-year growth rate of around 1% to 2% through 2028, leading to a compound annual growth rate (CAGR) of approximately 1.5% over the five-year period. The consistent upward trend suggests a stable market demand.
Looking forward, trends to monitor include:
- Consumers’ increasing preference for sustainable and eco-friendly textiles.
- Technological advancements in fabric development enhancing functionality.
- The rising popularity of athleisure and its impact on garment demand.
- Potential impacts of socio-economic factors such as inflation or change in fashion trends.
