Industry Analysis & Industry Trends
The kitchen is at the heart of the home. As such, many people are keen to have well-designed and attractive kitchen furniture. However, spending on kitchen furniture has been hit by a drop in consumer confidence and a downturn in the housing property market. The total UK market for kitchen furniture is worth about £3 billion at the retail level. At producer and import prices, the domestic market is estimated to be worth approximately £1.22 billion in 2011-12, of which just £0.13 billion, or 10.8%, will be satisfied by imports. UK manufacturers of kitchen furniture are expected to generate revenue of £1.11 billion in 2011-12, up 0.3% on the previous year... purchase to read more
Industry Report - Industry Investment Chapter
The industry has a medium level of capital intensity. Labour costs are relatively high in this industry due to the use of highly skilled employees for production, sales, research and development, and the jobbing nature of work. On the other hand, capital costs are relatively high because firms use a range of woodworking machinery, power tools and computer technology to aid in the design, analysis and manufacture of products. However, relatively low use of volume production line methods tends to moderate capital intensity... purchase to read more