Sporting and Outdoor Equipment Retailers in the UK - Market Research Report 2015-2030

A losing game: Revenue edges downwards in 2023-24 as high inflation limits consumer spending

Over the five years through 2023-24, revenue is forecast to expand at a compound annual rate of 1.9% to £12.1 billion, including a 3.7% tumble over 2023-24. The COVID-19 pandemic heavily affected industry revenue, with all non-essential shops forced to close in 2020. Larger retailers utilised their solid brand name during this period by shifting revenue channels online, retaining income during the pandemic. Smaller retailers with little capital could not quickly create an extensive online presence, leading to many retailers exiting the industry. In 2022-23, industry revenue expanded, aided by the FIFA World Cup. Sports events that boost levels of sports participation significantly impact industry revenue as demand for sporting equipment and clothing drastically grows.

Retailers in this industry sell various products geared towards outdoor recreation, including sporting goods, sports clothing, camping equipment, bicycles and fishing equipment. The industry also includes high-street retailers with online operations but does not include pure-play online retailers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.