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 2015-16, revenue is expected to increase at a compound annual rate of just 0.5% to £11.1 billion. This includes forecast current year growth of 2.1%.
Tough economic conditions led to mixed results for the industry over the past five years... purchase to read more
Industry Report - Industry Products Chapter
Building materials and parts
This segment is estimated to generate 35% of industry revenue. 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 risen over the past two years as consumers have chosen to invest in major renovations and decorative projects. Improvements in the economy and the housing market over 2015-16 are likely to result in revenue derived from the sales of products in this category increasing over the year... purchase to read more