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.
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.
Table of Contents
- Executive summary
- Key Trends: Discounters strengthen presence in retail parks
- Key Trends: Retailers refocus on retail park locations
- Key Trends: Growing significance of omnichannel development
- UK Retail Parks MARKET 2022-2027
- UK Retail Parks Market, five year growth 2017 - 2027
- UK Retail Parks Market Size, 2017-2027
- UK Retail Parks Growth vs Total Retail Growth, 2017-2027
- UK Retail Parks Growth vs Offline Retail Growth, 2017-2027
- UK Retail Parks Share of Total Retail 2017, 2022 & 2027
- SECTOR PERFORMANCE AND FORECASTS 2022-2027
- Key Category Trends
- UK Retail Parks Sector Growth %, 2022-2027
- UK Retail Parks Market by Sector %, 2017, 2022 and 2027
- UK Retail Parks Market Sector Value and Forecast, 2022 & 2027
- UK Retail Parks Non-Food Growth vs Total Non-Food Retail Growth, 2017-2027
- UK Retail Parks Non-Food Growth vs Offline Non-Food Retail Growth, 2017-2027
- UK Retail Parks Non-Food Share of Total Non-Food Retail & Offline Non-Food Retail, 2017, 2022 & 2027
- UK Retail Parks Share of Overall Sector Sales, 2017, 2022 & 2027
- COMPETITIVE LANDSCAPE
- Top 10 Retailers Purchased from in Retail Parks, 2022
- CONSUMERS
- Key consumer trends
- UK Retail Parks Visitor Penetration, 2022 & 2023
- UK Retail Parks Visitor Profile, 2022 & 2023
- UK Retail Parks Shopper Penetration, 2022 & 2023
- UK Retail Parks Shopper Profile, 2022 & 2023
- Sectors visited & shopped in UK Retail Parks, 2022 & 2023
- UK Retail Parks Purchased From, 2023
- UK Retail Parks Visitor Frequency, 2023
- Retail Parks Visit Drivers, 2023
- UK Retail Parks Preference Drivers, 2023
- Services Used at Key Locations, 2023
- UK Retail Parks Services Usage, 2023
- UK Retail Parks Visitor Frequency, 2021-2023
- Travel Time to Key Locations, 2021-2023
- Travel Time to Retail Parks, 2021-2023
- Method of Travel to Key Locations, 2021-2023
- Method of Travel to Retail Parks, 2021-2023
- Time Spent Retail Shopping, 2023
- Time Spent in Retail Parks, 2023
- Sectors purchased in a retai park on the last visit, 2023
- METHODOLOGY, DEFINITIONS AND CONTACTS
- UK Retail Parks Market Sector Value and Forecast, 2022 & 2027
- UK Retail Parks Share of Overall Sector Sales, 2022 & 2027
- UK Retail Parks Preference Drivers %, 2023
- UK Retail Parks Services Usage %, 2023
- UK Retail Parks Market GBPm, 2017, 2022, 2027e & CAGR %
- UK Retail Parks Market Value GBPm, 2017-2027
- UK Retail Parks Market Annual Growth %, 2017-2027
- UK Retail Parks Growth vs Total Retail Growth, 2017-2027
- UK Retail Parks Growth vs Offline Retail Growth, 2017-2027
- UK Retail Parks Share of Total Retail %, 2017, 2022 & 2027
- UK Retail Parks Share of Offline Retail %, 2017, 2022 & 2027
- UK Retail Parks Sector Growth %, 2022-2027
- UK Retail Parks Market by Sector %, 2017, 2022 & 2027
- UK Retail Parks Non-Food Growth vs Total Non-Food Retail Growth, 2017-2027
- UK Retail Parks Non-Food Growth vs Offline Non-Food Retail Growth, 2017-2027
- UK Retail Parks Non-Food Share of Total Non-Food Retail %, 2017, 2022 & 2027
- UK Retail Parks Non-Food Share of Offline Non-Food Retail %, 2017, 2022 & 2027
- Top 10 Most Purchased from Clothing Retailers in Retail Parks %, 2023
- Top 10 Most Purchased from Electricals Retailers in Retail Parks %, 2023
- Top 10 Most Purchased from Footwear Retailers in Retail Parks %, 2023
- Top 10 Most Purchased from Fashion Accessory Retailers in Retail Parks %, 2023
- Top 10 Most Purchased from Health & Beauty Retailers in Retail Parks %, 2023
- Top 10 Most Purchased from Homewares Retailers in Retail Parks %, 2023
- Top 10 Most Purchased from Toys Retailers in Retail Parks %, 2023
- Top 10 Most Purchased from Stationery Retailers in Retail Parks %, 2023
- Top 10 Most Purchased from Food & Grocery Retailers in Retail Parks %, 2023
- Top 5 Most Purchased from Entertainment Retailers in Retail Parks %, 2023
- Top 5 Most Purchased from Furniture & Floorcoverings Retailers in Retail Parks %, 2023
- Top 5 Most Purchased from DIY Retailers in Retail Parks %, 2023
- Top 5 Most Purchased from Gardening Retailers in Retail Parks %, 2023
- UK Retail Parks Visitor Penetration %, 2022 & 2023
- UK Retail Parks Visitor Profile %, 2022 & 2023
- UK Retail Parks Shopper Penetration %, 2022 & 2023
- UK Retail Parks Shopper Profile %, 2022 & 2023
- Sectors visited in UK Retail Parks %, 2022 & 2023
- Sectors shopped in UK Retail Parks %, 2022 & 2023
- Top 10 UK Retail Parks Purchased From %, 2023
- UK Retail Parks Visitor Frequency %, 20223
- UK Retail Parks Visit Drivers %, 2023
- UK Retail Parks Preference Drivers %, 2023
- Services Used at Key Locations %, 2023
- UK Retail Parks Services Usage %, 2023
- UK Retail Parks Visitor Frequency, 2023
- Travel Time to Key Locations %, 2023
- Travel Time to Retail Parks %, 2021-2023
- Method of Travel to Key Locations %, 2023
- Method of Travel to Retail Parks %, 2021-2023
- Time Spent Retail Shopping %, 2023
- Time Spent Retail Shopping in a Retail Park %, 2021-2023
- Sector purchased at a Retail Park %, 2023
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aldi
- Amazon
- Argos
- ASDA
- B&M
- B&Q
- Boots
- Card Factory
- Carpetright
- Clarks
- Currys
- Dunelm
- GAME
- H&M
- Hobbycraft
- Home Bargains
- Homebase
- Iceland
- JD Sports
- Lidl
- Local garden centre
- Marks & Spencer
- Matalan
- Morrisons
- New Look
- Next
- Poundland
- Primark
- Sainsbury's
- Shein
- Smyths Toys
- Sports Direct
- Superdrug
- Tesco
- The Range
- The Works
- TK Maxx
- Wickes
- Wilko
