Carpet, Rug & Curtain Retailers in the UK Industry Market Research Report Now Updated by IBISWorld
London, United Kingdom (PRWEB) July 29, 2013 -- The Carpet, Rug & Curtain Retailers industry has suffered significantly in the five years through 2013-14, due to a major decline in housing construction and renovation levels since 2009. This had a major negative influence on industry demand in 2009-10, with industry revenue slumping by 27.1% to £2.1 billion. Construction levels have fallen in the following years, contributing to further industry revenue declines from 2010-11 through 2013-14. According to IBISWorld industry analyst Christopher Edwards, “housing construction levels for new dwellings have a major influence on demand for the industry's products in the new carpet, rug and curtain segment, while a decline in housing renovation levels reduces demand in the upgrade segment.”
Edwards adds, “increased external competition from major hardware superstore chains, such as B&Q and Homebase, has contributed to industry declines and the closure of many carpet retailers”. In addition to hardware products, these stores offer a wide range of carpets, rugs, curtains, wood floor, vinyl and laminates that are also sold in the industry's specialised retail stores. The trend towards greater external competition is expected to continue in the next five years. In 2013-14, industry revenue is forecast to decline by 2.8% to £1.9 billion. In the five years through 2013-14, industry revenue is estimated to decrease by a compound annual rate of 8.5%.
Despite expected declines in all five of the years through 2013-14, revenue is forecast to return to growth in the five years through 2018-19. Beginning with modest industry revenue growth in 2013-14, the industry is expected to grow at a faster rate from 2015-16 onwards. Stronger economic growth in the United Kingdom and higher demand for carpet as building construction volumes increase are expected to drive this growth.
The Carpet, Rug & Carpet Retailers industry has a low market share concentration level, with the four largest firms estimated to account for 31.1% of industry revenue in 2013-14. Carpetright is expected to generate 19.6% of industry revenue for the year and is by far the most dominant company operating in the industry. The majority of retailers in the industry are small operators with a single store that services a small geographic region. There are also a small number of companies that operate multiple outlets that tend to service relatively small geographic areas.
For more information on the Carpet, Rug & Curtain Retailers industry, including latest industry trends, statistics, analysis and market share information, purchase the full report from IBISWorld, the nation’s largest publisher of industry research.
IBISWorld industry Report Key Topics
Firms in this industry are involved in the retail sale of carpets, rugs, curtains and wall and floor coverings in specialised stores.
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalisation & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios
About IBISWorld
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on many UK industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in London, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.co.uk or call (020) 7222 9898.
Gavin Smith, IBISWorld, 310 866 5042, [email protected]
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