Floored: An uneasy economic environment has discouraged consumer spending on redecorating
Floor covering retailing has seen an estimated annualised 1.6% decline in revenue over the five years through 2023-24, to $1.0 billion. Robust increases in both new dwelling commencements and capital expenditure on residential buildings have supported industry performance. Falling consumer sentiment during the COVID-19 pandemic has stifled revenue growth. Stuck at home without much activity during numerous lockdowns, many consumers took the opportunity to renovate their homes, boosting demand for floor coverings. Revenue is expected to decline 2.3% in 2023-24, with a strong decline in dwelling consents issued and a drop in capital expenditure on residential buildings weighing on sales.
Firms in the industry retail floor coverings such as carpets. Ceramic floor tile retailing is excluded from the industry.
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 (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- The Interiors Group Limited
- Flooring Xtra Limited
Methodology
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