Industry Analysis & Industry Trends
Operators in the Hardware and Home Improvement industry sell DIY equipment, building materials, outdoor and garden equipment and other hardware products. Over the past five years, the industry has begun to recover from the weak economic conditions that characterised the period following the recession. Conditions in the industry started to improve from 2013-14 onwards following the introduction of government policy to stimulate the housing market and generally improving economic conditions. Over the five years through 2015-16, revenue is expected to increase at a compound annual rate of just 0.5% to £11.1 billion. This includes forecast growth of 2.1% in the current year.
The industry has experienced mixed results over the past five years... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Hardware and Home Improvement Stores industry is in the mature stage of its life cycle. The value that the industry adds to the economy is growing at a slower rate than the economy as a whole, a key indicator of its mature life cycle stage. Over the decade through 2020-21, the industry's contribution to GDP is expected to increase at a compound annual rate of 0.5%, while GDP is expected to grow at a compound annual rate of 2.1% over the same period. Increased competition, both internally and externally (particularly from the online retail market) has resulted in the exit of a number of players, prompting acquisitions by larger players... purchase to read more