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. A lack of interest in DIY and a growing demand for contractors have placed enormous pressure on industry operators. This has been aggravated by the sustained economic depression, which has significant reduced consumers' disposable income. Sales of big-ticket items, such as bathroom and kitchen fittings, have been hit the hardest, as consumers are putting major home renovations on hold. This has translated into declining sales for industry retailers. Over the five years through 2012-13, industry revenue is estimated to have gone down at a compound annual rate of 0.7% and now sits at £12.2 billion... 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 2017-18, 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 1.0% over the same period. Increased competition in the industry has resulted in the exit of a number of players and acquisition by larger players.
While retailers stock a variety of different products, the broader product spectrum has not changed much in recent years... purchase to read more