As of 2023, the sports goods sector in the UK recorded actual hours worked slightly above 8.7 million. Forecast data from 2024 to 2028 shows a gradual decrease in hours worked, with a consistent year-on-year decline. By 2028, the expected figure is approximately 8.47 million hours. This represents a decreasing trend over a five-year forecast period, characterized by a negative compound annual growth rate (CAGR), suggesting operational efficiencies or potential market constraints.
Future trends to watch for:
- Impact of technological advancements and automation on labor needs.
- Potential market growth driven by increased participation in sports and wellness activities.
- Regulatory changes affecting labor and manufacturing practices.