The furniture sector will be bolstered by new entrants into the market and fast growing smaller players. In contrast the floorcoverings market will rely largely on market leader Carpetright to drive the market. Our up-to-date analysis provides essential information to capitalize on new opportunities and create a coherent defensive strategy.
Scope
Value data, growth rates and forecasts broken down by subsector. Coverage of key market issues and growth drivers. Furniture & floorcoverings market expenditure, inflation and volume growth (1996-2006), plus full five-year forecasts for each of the categories.
Highlights
Furniture & floorcoverings has made a recovery in 2006 with sales growth of 2.2% after a lacklustre performance in 2005 (+0.1%). Despite this improvement, it was one of the slowest growing major UK retail sectors. While the furniture sector will show solid growth of 13.2% to 2011, flooroverings will grow by just 4.7% less than 1% each year. Furniture specialists are likely to continue to underperform the market. However, five year growth of 13.0% compared to market growth of 13.2% signifies a much improved performance than in the previous 10 years. The reason for this resurgence among specialists is due to a number of weaker players falling out of the market in 2005.
Reasons to Purchase
Plan confidently for the future with reliable independent forecasts for market growth and action points to guide strategies. Optimize buying, identify emerging trends and allocate resources so that you can capitalise on them. Incentivise managers to outperform by setting your growth forecasts against an independent source.
