Industry Analysis & Industry Trends
The Carpet, Rug and Curtain Retailers industry has grown steadily over recent years. Despite this, the industry has not been able to achieve the heights reached prior to the economic downturn. Much of the growth in the industry has been driven by improvements in the downstream residential construction sector, with resurgent demand for carpets and wall coverings from new homeowners driving growth. In addition, rising house prices have supported demand for maintenance and repairs as homeowners looked to further boost the value of their homes and increase their equity. The industry is expected to expand at a compound annual rate of 2.2% over the five years through 2016-17, to reach £2.4 billion... purchase to read more
Industry Report - Industry Analysis Chapter
The Carpet, Rug and Curtain Retailers industry has performed moderately well in recent years. Despite consistent growth over the past five years, industry revenue is expected to remain lower than it was a decade ago. Prior to the five-year period in question, the industry was floored by the economic downturn and growth rates remained constrained due to the faltering nature of the following recovery. More recently, industry demand has improved considerably, buoyed by rising consumer confidence and a shift back toward carpets for floor covering services as disposable incomes have grown.
Demand for carpet, rugs and curtains is largely influenced by changes in consumer spending and discretionary expenditure on household products. For.. purchase to read more