Industry Analysis & Industry Trends
The Hardware, Plumbing and Heating Equipment Wholesaling industry provides construction supplies such as plumbing fixtures, hand tools and boilers to construction contractors and hardware stores. This means its performance is largely based on the economic performance of these downstream markets. The UK electorate's decision to leave the European Union is expected to damage the performance of these markets in the current year, as both consumer and business confidence fall. Expenditure on home improvements and construction projects is expected to decline in 2016-17 as a result, constraining industry demand.
Over the five years through 2016-17, industry revenue is expected to rise at a compound annual rate of 1.1% to reach £13.8 billion. A... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Hardware, Plumbing and Heating Equipment Wholesaling industry is in the mature stage of its life cycle, with industry value added forecast to increase at a compound annual rate of 1.7% over the 10 years through 2021-22 while UK GDP is forecast to grow at a compound annual rate of 2.3% over the same period.
The products sold by industry operators have remained relatively similar over the five years through 2016-17, with only minor changes for improved efficiency. As a result, most supplies sold in the industry have established markets. New products tend to be environmentally friendly versions of existing products, and firms are expected to expand their offering of such goods over coming years in line with an increase in environmental awareness. Add.. purchase to read more