Retail Locations Series: UK Retail Parks Market 2023-2028

Retail Locations Series: UK Retail Parks Market 2023-2028

Summary

The UK Retail Parks Market 2023-2028 report offers comprehensive insight and analysis of UK Retail Parks (including forecasts up to 2028), the key retailers, and consumer attitudes. It provides in-depth analysis of the following: the market size and forecasts, sector performance and forecasts, retailer usage across different sectors, and consumer data. The report focuses on seven key sectors: clothing & footwear, electricals, furniture & floorcoverings, health & beauty, homewares, DIY & gardening and other. Consumer data is based on our 2024 UK How Britain Shops survey, using a panel of 9,000 nationally representative consumers.

Scope

• The food & grocery share of the retail parks market will increase by 1.9ppts in the five years to 2028. The rising popularity of online food & grocery and the subsequent adoption of click & collect services in retail parts will support this growth trajectory.
• The homewares and furniture & floorcoverings sectors are projected to grow between 2023 and 2028, with homewares expected to increase by 13.4% and furniture & floorcoverings by 9.1%.
• The proportion of 16-24 and 25-34-year-olds visiting a retail park in the last 12 months has risen considerably, with gains of 5.6 and 7.4ppts on the previous year, respectively.

Reasons to Buy

• Identify the key retailers used by consumers to purchase products across various sectors.
• Understand the key drivers behind consumers visiting retail parks, and the services used in this location.
• Use our in-depth analysis of the challenges faced by the retail parks market, and what existing retailers must to do keep consumers visiting this location.
• View our forecasts for retail parks up to 2028, including which sectors are expected to prosper in the next five years.