United Kingdom (UK) Town Centres Market Analysis by Sectors, Revenue Share, Consumer Attitudes, Key Players and Forecast to 2027

PUBLISHED: October 13, 2023

PAGES: 62 Pages

DELIVERY TIME: 1-2 business days

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The UK Town Centres Market 2022-2027 report offers comprehensive insight and analysis of UK Town Centres (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.

The UK town centres market's prospects were hindered by the pandemic, with the value of this location declining by 12.7% in 2020, due to all retailers viewed as 'non-essential' being forced to close stores temporarily. However, the UK Town Centres market had been in decline since before the pandemic, with the market diminishing in size between 2017 and 2019. The Town Centres market is now recovering, having grown by 10.9% in 2022, and reaching a market value of £102.8bn. market has been boosted by recovering footfall and demand.

Scope

Value players located in Town Centres are expected to have outperformed as consumers switched away to save money during the cost-of-living crisis.
The cost-of-living crisis has led to a reduction in consumer spending on non-essential products, ensuring a greater proportion of sales in Town Centres are attributed to the food & grocery sector.
Primark performed well in 2023, ranking as the top retailer used by town centre shoppers for clothing, footwear and fashion accessories.

Reasons to Buy

Identify the key retailers used by consumers to purchase products across various sectors.
Understand the key drivers behind consumers visiting Town Centres, and the services used in this location.
Use our in-depth analysis of the challenges faced by the Town Centres market, and what existing retailers must to do keep consumers visiting this location.
View our forecasts for Town Centres up to 2027, including which sectors are expected to prosper in the next five years.

Product Code: GDRT230004CA

Executive summary

Key Trends: The rejuvenation of Town Centres
Key Trends: Experiences instore drive footfall by combining retail and leisure
Key Trends: Consumers take advantage of leisure services while visiting shops
Key Trends: Discounters expand presence in Town Centres
UK Town Centres MARKET 2022-2027
UK Town Centres Market, five year growth 2017 - 2027
UK Town Centres Market Size, 2017-2027
UK Town Centres Growth vs Total Retail Growth, 2017-2027
UK Town Centres Growth vs Offline Retail Growth, 2017-2027
UK Town Centres Share of Total Retail 2017, 2022 & 2027
SECTOR PERFORMANCE AND FORECASTS 2022-2027
Key Category Trends
UK Town Centres Sector Growth %, 2022-2027
UK Town Centres Market by Sector %, 2017, 2022 and 2027
UK Town Centres Market Sector Value and Forecast, 2022 & 2027
UK Town Centres Non-Food Growth vs Total Non-Food Retail Growth, 2017-2027
UK Town Centres Non-Food Growth vs Offline Non-Food Retail Growth, 2017-2027
UK Town Centres Non-Food Share of Total Non-Food Retail & Offline Non-Food Retail, 2017, 2022 & 2027
UK Town Centres Share of Overall Sector Sales, 2017, 2022 & 2027

COMPETITIVE LANDSCAPE

Top 10 Retailers Purchased from in Town Centres, 2022

CONSUMERS

Key consumer trends
UK Town Centres Visitor Penetration, 2022 & 2023
UK Town Centres Visitor Profile, 2022 & 2023
UK Town Centres Shopper Penetration, 2022 & 2023
UK Town Centres Shopper Profile, 2022 & 2023
Sectors visited & shopped in UK Town Centres, 2022 & 2023
UK Town Centres Purchased From, 2023
UK Town Centres Visitor Frequency, 2023
Town Centres Visit Drivers, 2023
UK Town Centres Preference Drivers, 2023
Services Used at Key Locations, 2023
UK Town Centres Services Usage, 2023
UK Town Centres Visitor Frequency, 2021-2023
Travel Time to Key Locations, 2021-2023
Travel Time to Town Centres, 2021-2023
Method of Travel to Key Locations, 2021-2023
Method of Travel to Town Centres, 2021-2023
Time Spent Retail Shopping, 2023
Time Spent in Town Centres, 2023
Sectors purchased in a town centre on the last visit, 2023
METHODOLOGY, DEFINITIONS AND CONTACTS

Product Code: GDRT230004CA

List of Tables

UK Town Centres Market Sector Value and Forecast, 2022 & 2027
UK Town Centres Share of Overall Sector Sales, 2022 & 2027
UK Town Centres Preference Drivers %, 2023
UK Town Centres Services Usage %, 2023

List of Figures

UK Town Centres Market GBPm, 2017, 2022, 2027e & CAGR %
UK Town Centres Market Value GBPm, 2017-2027
UK Town Centres Market Annual Growth %, 2017-2027
UK Town Centres Growth vs Total Retail Growth, 2017-2027
UK Town Centres Growth vs Offline Retail Growth, 2017-2027
UK Town Centres Share of Total Retail %, 2017, 2022 & 2027
UK Town Centres Share of Offline Retail %, 2017, 2022 & 2027
UK Town Centres Sector Growth %, 2022-2027
UK Town Centres Market by Sector %, 2017, 2022 & 2027
UK Town Centres Non-Food Growth vs Total Non-Food Retail Growth, 2017-2027
UK Town Centres Non-Food Growth vs Offline Non-Food Retail Growth, 2017-2027
UK Town Centres Non-Food Share of Total Non-Food Retail %, 2017, 2022 & 2027
UK Town Centres Non-Food Share of Offline Non-Food Retail %, 2017, 2022 & 2027
Top 10 Most Purchased from Clothing Retailers in Town Centres %, 2023
Top 10 Most Purchased from Electricals Retailers in Town Centres %, 2023
Top 10 Most Purchased from Footwear Retailers in Town Centres %, 2023
Top 10 Most Purchased from Fashion Accessory Retailers in Town Centres %, 2023
Top 10 Most Purchased from Health & Beauty Retailers in Town Centres %, 2023
Top 10 Most Purchased from Homewares Retailers in Town Centres %, 2023
Top 10 Most Purchased from Jewellery Retailers in Town Centres %, 2023
Top 10 Most Purchased from Stationery Retailers in Town Centres %, 2023
Top 10 Most Purchased from Toys Retailers in Town Centres %, 2023
Top 5 Most Purchased from Books Retailers in Town Centres %, 2023
Top 5 Most Purchased from Furniture & Floorcoverings Retailers in Town Centres %, 2023
Top 5 Most Purchased from DIY Retailers in Town Centres %, 2023
Top 5 Most Purchased from Gardening Retailers in Town Centres %, 2023
Top 5 Most Purchased from Entertainment Retailers in Town Centres %, 2023
UK Town Centres Visitor Penetration %, 2022 & 2023
UK Town Centres Visitor Profile %, 2022 & 2023
UK Town Centres Shopper Penetration %, 2022 & 2023
UK Town Centres Shopper Profile %, 2022 & 2023
Sectors visited in UK Town Centres %, 2022 & 2023
Sectors shopped in UK Town Centres %, 2022 & 2023
Top 10 UK Town Centres Purchased From %, 2023
UK Town Centres Visitor Frequency %, 20223
UK Town Centres Visit Drivers %, 2023
UK Town Centres Preference Drivers %, 2023
Services Used at Key Locations %, 2023
UK Town Centres Services Usage %, 2023
UK Town Centres Visitor Frequency, 2023
Travel Time to Key Locations %, 2023
Travel Time to Town Centres %, 2021-2023
Method of Travel to Key Locations %, 2023
Method of Travel to Town Centres %, 2021-2023
Time Spent Retail Shopping %, 2023
Time Spent Retail Shopping in a Town Centre %, 2021-2023
Sector purchased at a Town Centre %, 2023