Covering the Cracks: Though Revenue is Forecast to Grow in 2021-22, It is Set to Remain Below Pre-Pandemic Level
Revenue is forecast to climb at a compound annual rate of 2.8% over the five years through 2022-23 to reach £3.8 billion. Contractors compete for work in the residential, commercial, public and industrial markets, and revenue tends to run procyclical with the wider economy. Challenging economic conditions have reduced contractors' income prospects, constraining revenue growth.
Contractors in this industry install floor and wall coverings in new and existing buildings. Activities include tiling with ceramic, concrete or slate floor and wall tiles, laying parquetry and carpet, and hanging wallpaper. This can involve the preparation of surfaces by installing cement sheeting prior to wall tiling, underlay for floor coverings and concrete or timber subfloors. The industry does not include the activities of interior designers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
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