Industry Analysis & Industry Trends
The Carpet, Rug & Curtain Retailers industry has suffered significantly in the past five years due to a major decline in housing construction and renovation levels since 2009. This had a major negative influence on industry demand in 2009-10, with industry revenue slumping by 27.2% to £2.11 billion. Construction levels have fallen in subsequent years, contributing to further industry declines in 2010-11 and 2011-12. Housing construction levels for new dwellings have a major influence on demand for the industry's products in the new carpet, rug and curtain segment, while a decline in housing renovation levels reduces demand in the upgrade segment... purchase to read more
Industry Report - Industry Analysis Chapter
Carpet, rug and curtain demand is largely influenced by changes in consumer spending and discretionary spending on household products. The main factors driving carpet demand are housing transaction levels, mortgage approvals, interest rates, consumer confidence and consumer debt levels. Therefore, significant changes in economic conditions can result in demand changes for the industry's products. The UK recession in 2009 had a major negative effect on housing construction and renovation levels, adversely affecting carpet demand for the year. This continued into 2010, and is expected to continue to negatively affect industry revenue through 2011-12... purchase to read more