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 Locations Chapter
As with most retail industries, the location of establishments is broadly in line with population distribution. In theory, the greater the population in a particular region, the higher the demand and the greater the need for establishments. The Hardware and Home Improvement Stores industry is no exception.
The South East
According to the Office for National Statistics, the South East has the highest proportion both of population and of industry establishments. The region accounts for approximately 14.4% of industry establishments and 13.7% of UK population. The region has the highest gross household disposable income of any region in the United Kingdom, which helps to boost the revenue generated in the area... purchase to read more