Industry Analysis & Industry Trends
Demand for furniture, carpet and lighting is often based on aesthetics, changes in fashion trends and capital expenditure on dwellings. Changing consumer tastes towards carpets have benefited the industry. Carpet sales have risen in the past few years, at the expense of substitute products such as laminate, wood and vinyl flooring, which are not included in the industry. The level of activity in the housing market affects demand for furniture, carpet and lighting. Over the past three years the housing market has strengthened, resulting in greater demand for the industry's products.
Over the five years through 2016-17, industry revenue is estimated to increase at a compound annual rate of 4.1% to reach £4.8 billion... purchase to read more
Industry Report - Industry Key Buyers Chapter
IBISWorld estimates that the industry concentration level is low; the four largest firms are expected to account for 22.5% of industry revenue in 2016-17. Over the past five years, the major companies' such as Headlam have increased their market share by acquiring numerous rival firms. However, strong growth between 2013-14 and 2015-16 also prompted new enterprises to enter the industry. The level of market share concentration is expected to remain relatively stable in the next five years.
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