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 SWOT Analysis Chapter
The industry is currently in the mature phase of its life cycle. Over the decade through 2021-22, industry value added is estimated to grow at a compound annual rate of 1.1%. Over the same period, UK GDP is expected to grow at a compound annual rate of 2.3%.
Although the industry has grown over recent years and it is expected to continue growing, it has not yet been able to fully offset the losses made during the worst of the economic downturn. Difficult trading conditions have caused the closure of several major operators. The largest closure involved Allied Carpets, which went into administration in July 2009, but immediately managed to sell off 51 of its 217 stores to a company consortium. How.. purchase to read more