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 Analysis Chapter
The performance of hardware and home improvement stores suffered during the aftermath of the economic downturn. However, the industry has benefited from a resurgent housing market, low unemployment, rising real disposable income and high consumer confidence in recent years. These factors have contributed towards strong industry revenue growth since the start of 2013-14.
Foundations for growth
Total industry revenue declined at the start of the five years through 2015-16. The subdued economic conditions that prevailed during 2011-12 and 2012-13 led to weak construction and renovation activity. The number of housing transactions remained low over these two years after falling sharply during the recession, further constraining the revenue of industry operators... purchase to read more