Industry Analysis & Industry Trends
Industry operators manufacture various types of kitchen furniture in flat-pack format or bespoke format. Although international trade is present, it does not have a major influence on industry performance because imports satisfy less than 12% of domestic demand and exports generate less than 3% of industry revenue. The industry has returned to growth over the past five years having declined prior to the start of the period. Demand for kitchen furniture has expanded, as government initiatives to stimulate the housing market and improving economic conditions boosted residential building construction activity and lifted the number of residential property transactions... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The UK Kitchen Furniture Manufacturing industry is in the mature stage of its life cycle. Industry value added is forecast to grow at a compound annual rate of 3.6% over the 10 years through 2021-22, while the UK economy is expected to grow at a compound annual rate of 2.3% over the same period. Although this suggests that the industry will account for a rising share of the UK economy, the industry is not in the growth stage of its life cycle. Instead, this growth is mainly due to industry value added being depressed in the base year.
Over the past five years, consolidation activity has taken place within the industry, and this trend is expected to continue over the next five years. Kitchen furniture manufactured by industry operators also has a high level of acceptance. In .. purchase to read more