United Kingdom (UK) Retail Parks Market Size, Trends, Categories, Consumer Attitudes and Key Players to 2027

United Kingdom (UK) Retail Parks Market Size, Trends, Categories, Consumer Attitudes and Key Players to 2027

Summary

The UK Retail Parks Market 2022-2027 report offers comprehensive insight and analysis of UK Retail Parks (including forecasts up to 2027), 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 7 key sectors: clothing & footwear, electricals, furniture & floorcoverings, health & beauty, homewares, and other. Consumer data is based on our 2023 UK How Britain Shops survey, using a panel of 10,000 nationally representative consumers.

Of the three key UK locations, retail parks are growing at the fastest rate, with a five-year CAGR of 2.7% between 2022 and 2027, compared to 2.1% in town centres and 2.3% in supermalls. Indeed, the success of retail parks in 2022 resulted in this location outpacing the total retail market. With many retailers struggling to maintain profit margins, under pressure from heightened business costs, retail parks have become more attractive compared to town centres as retailers take advantage of sustained footfall.

Scope

• Value players are expected to maintain their dominance in Retail Parks as consumers flock to this location to make savings by buying in bulk during their visits
• Leisure must work in tandem with retail to drive growth in this location
• Home and electrical sectors thrive in retail parks as they benefit from the big-box format

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 2027, including which sectors are expected to prosper in the next five years.