In 2023, the UK market for saddlery and harness production stood at 40.8 million Euros. The forecast from 2024 to 2028 shows a gradual decline, decreasing from 40.625 million Euros in 2024 to 39.81 million Euros in 2028. The year-on-year variation indicates a consistent decline of around 0.5% annually. The compound annual growth rate (CAGR) over these five years is approximately -0.5%, reflecting a steady downward trend.
Future trends to watch include the potential impact of evolving equestrian activities, innovative materials, and tech-driven solutions enhancing product value. Additionally, market dynamics such as changes in consumer preferences and regulatory adjustments will also be critical.
