Industry Analysis & Industry Trends
The Floor and Wall Covering industry currently generates revenue totalling £2.2 billion, with industry value added of £825 million, or 0.06% of UK GDP in 2012-13. The severe recession in the UK economy during the late 2000s and the onset of the global financial crisis resulted in the steep contraction of investment across all key building markets. Along with the current economic slowdown, this will drive down industry revenue by an annualised 6.0% over the five years through 2012-13, matching the cyclical decline in the value of total building construction. Industry revenue is estimated to decrease by 5.6% during the current year, as the instability on Europe's financial markets discourages new investment into housing and commercial buildings... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry is characterised by many small scale contracting firms and has a low concentration of ownership. The four largest contractors together contribute only around 5% to 6% of annual industry revenue, with each regularly generating revenue of over £15 million per annum. Only five establishments currently employ more than 100 persons, and less than 1% of establishments generate revenue exceeding £5 million per annum (60 establishments).
The industry's contractors typically compete in narrow geographic markets, or in specialist niche markets (such as parquetry and raised access flooring)... purchase to read more