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 economic downturn sent the industry into disarray, the effects of which were felt throughout the five-year period. 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 at times. Over the five years through 2014-15, revenue is expected to increase at a compound annual rate of just 0.2% to £10.5 billion. This includes forecast current year growth of 5%.
Tough economic conditions led to mixed results for the industry over the past five years... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Hardware and Home Improvement Stores industry has a high level of market share concentration. The level of concentration measures the extent to which the top players dominate an industry. The four largest players in the industry are expected to control 73.1% of the total market in 2014-15. The industry comprises a variety of retailers ranging from small companies to larger multi-establishment retailers. Although the larger players dominate, the industry is fairly fragmented. The majority of these enterprises are small and family-owned, serving a local community with one or two establishments. According to the Office for National Statistics, 61.9% of enterprises employed fewer than five people in 2014 and 78% employed fewer than 10... purchase to read more