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 Key Buyers Chapter
The Hardware and Home Improvement Stores industry has a medium 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 69.7% of the total market in 2015-16. 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, 67.6% of enterprises employed fewer than five people in 2015 and 88.3% employed fewer than 10... purchase to read more