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. The 2008 housing market crash sent the industry into disarray because fewer houses were bought, sold and built. This was then aggravated by the sustained economic recession, which significantly affected disposable income and industry revenue. Sales of expensive items such as bathroom and kitchen fittings were particularly affected because consumers put major renovations on hold. This change in economic conditions and consumer behaviour dampened operators' performance.
Over the five years through 2013-14, revenue is expected to decline at a compound annual rate of 0.9% to £9.4 billion... purchase to read more
Industry Report - Industry Products Chapter
Building materials and parts
This segment is estimated to generate 35% of industry revenue in 2013-14. Products include cement and cement mixers, building chemicals, kitchen and bathroom parts, timber, insulation and other building products. Do-it-for-me consumers and contractors are the biggest buyers in this segment as DIY consumers rarely carry out projects on a scale that requires these products. The revenue generated by this segment has fallen over the past five years as consumers have shied away from major renovations because of the cost implications, instead opting for smaller decorative projects. Improvements in the economy and the housing market are likely to bring more major renovations in the future... purchase to read more