UK Sports Market Overview:
The UK sports market size reached USD 31.81 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 48.51 Billion by 2032, exhibiting a growth rate (CAGR) of 4.50% during 2024-2032. The increasing consumer participation in fitness activities, rising popularity of sports events, advancements in sports technology, growing health awareness, and extensive investment in grassroots and elite sports development are some of the prime factors contributing to the market expansion.
Report Attribute
|
Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023 |
USD 31.81 Billion |
Market Forecast in 2032 |
USD 48.51 Billion |
Market Growth Rate 2024-2032 |
4.50% |
UK Sports Market Trends:
Increasing fitness consciousness among individuals
With growing awareness about the importance of maintaining a healthy lifestyle, a rising number of people are actively participating in sports and fitness activities. This trend has been further reinforced by campaigns promoting physical activity to combat health issues such as obesity, heart disease, and mental health disorders. The government's efforts, including initiatives like Sport England's "This Girl Can" campaign, have successfully encouraged people from diverse backgrounds to engage in regular physical activity. Additionally, the post-pandemic shift towards healthier living has spurred demand for sports equipment, apparel, and gym memberships, further contributing to the market's growth.
Advancements in sports technology
The adoption of innovative technologies such as wearable fitness trackers, performance-enhancing equipment, and data analytics tools has revolutionized how athletes train and how fans experience sports. Wearable devices like smartwatches and fitness bands allow individuals to monitor their health metrics, track their performance, and set personal fitness goals, contributing to greater engagement in sports and fitness activities. Moreover, sports teams and organizations are also employing data analytics to optimize player performance, manage injuries, and enhance training programs. These technological advancements boost participation and create opportunities for new product development and revenue generation within the sports industry, thereby aiding in market expansion.
The rising popularity of live sports events
Sports events, including football, rugby, cricket, and tennis, have been a significant part of the UK's cultural fabric. However, recent years have seen a surge in attendance at live events and viewership through broadcast and digital platforms. The appeal of major events like the Premier League, Wimbledon, and Six Nations Rugby Championship continues to attract large audiences, domestically and internationally. The increased media coverage, including streaming services, has expanded the market's reach and created lucrative opportunities for sponsorship, advertising, and merchandising. Furthermore, the growth of esports and virtual sports competitions has further diversified the market, appealing to a younger and tech-savvy demographic, thereby strengthening the market growth.
UK Sports Market News:
- In September 2024, Lolë acquired Louis Garneau Sports, including its cycling and sports brands Garneau, Sugoi, and Sombrio. This strategic move expands Lolë's product portfolio and strengthens its presence in the global sportswear market. CEO Todd Steele emphasized that the acquisition enhances their commitment to innovation, quality, and performance, offering customers a wider range of sports clothing and equipment options.
- In August 2024, Sky Sports+ launched for the 2024/25 EFL season, offering live coverage of over 1,000 matches across English soccer's lower divisions, backed by a new £935 million, five-year deal. Enhanced production includes more cameras and commentary. Sky Sports+ will also cover rugby league’s Super League and ATP/WTA tennis tours.
UK Sports Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type, revenue source, and ownership.
Type Insights:
- Spectator Sports
- Participatory Sports
The report has provided a detailed breakup and analysis of the market based on the type. This includes spectator sports, and participatory sports.
Revenue Source Insights:
- Media Rights
- Merchandising
- Tickets
- Sponsorship
A detailed breakup and analysis of the market based on the revenue source have also been provided in the report. This includes media rights, merchandising, tickets, and sponsorship.
Ownership Insights:
The report has provided a detailed breakup and analysis of the market based on the ownership. This includes chained, and standalone.
Regional Insights:
- London
- South East
- North West
- East of England
- South West
- Scotland
- West Midlands
- Yorkshire and The Humber
- East Midlands
- Others
The report has also provided a comprehensive analysis of all the major regional markets, which include London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and The Humber, East Midlands, and Others.
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
UK Sports Market Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
USD Billion |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
- Type
- Revenue Source
- Ownership
- Region
|
Types Covered |
Spectator Sports, Participatory Sports |
Revenue Sources Covered |
Media Rights, Merchandising, Tickets, Sponsorship |
Ownerships Covered |
Chained, Standalone |
Regions Covered |
UK Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern UK, Western UK |
Customization Scope |
10% Free Customization |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the UK sports market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the UK sports market?
- What is the breakup of the UK sports market on the basis of type?
- What is the breakup of the UK sports market on the basis of revenue source?
- What is the breakup of the UK sports market on the basis of ownership?
- What are the various stages in the value chain of the UK sports market?
- What are the key driving factors and challenges in the UK sports?
- What is the structure of the UK sports market and who are the key players?
- What is the degree of competition in the UK sports market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the UK sports market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the UK sports market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the UK sports industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.