A poor fit: Revenue is dipping as the cost-of-living crisis discourages people from refurbishing their homes
Over the five years through 2023-24, the Carpet, Rug and Curtain Retailers industry's revenue is expected to decline at a compound annual rate of 2.5% to £2.4 billion; this includes an estimated drop of 3.7% in 2023-24. Consumer confidence and disposable income levels have a big impact on the carpet and curtain retailing market - a lot of people see these products as discretionary, so won't buy them when they're pessimistic about their finances and have less money to spare. In 2020-21, the biggest retailers adapted to COVID-19 disruption well by investing in omnichannel retailing, offering click-and-collect and delivery services for samples or virtual viewings. Virtual visualisation tools help consumers better visualise home floorings in their own homes and are an increasingly key development for large companies (including Carpetright and Tapi).
Companies in this industry retail carpets, rugs, curtains, wall and floor coverings and floor tiles in specialised stores. The industry does not include wooden or stone flooring products, which are covered in the Hardware and Home Improvement Stores industry (report G47.520). The industry also excludes ceramic and cork floor tiles.
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 key players and their market shares.
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Carpetright Ltd
- Tapi Carpets & Floors Ltd
Methodology
LOADING...