Floorcoverings Market Report - UK 2012-2016 AnalysisAMA Research
December 17, 2012
106 Pages - SKU: AJLA4933802
Additional InformationThe UK floorcoverings market is mature and, as a result, sales are highly susceptible to the cyclical nature of consumer confidence & spending and the performance of the underlying economy.
Following decline of 20% 2007-11, the floorcoverings market experienced moderate increase in 2012 to around £1.73bn. Key drivers for this moderate recovery include the refurbishment works in preparation for the Golden Jubilee and the Olympic Games as well as sustained demand for sector specific products within the commercial sectors.
The housing market has continued to struggle in 2012 with the majority of floorcoverings within the domestic sector continuing to face “tough” conditions throughout the year. The contract sector – reflecting some of the decline in the consumer market – has also struggled, with demand for major new build and refurbishment projects also significantly slower in 2009 through 2012.
Trading conditions have been difficult for both manufacturers and retailers, struggling with a range of problems that include the ongoing issue of the Eurozone, adverse weather conditions impacting sales, a flat economy, and rising energy and household costs. These factors continue to impact both business and consumer confidence, and levels of spending and investment.
Carpet dominates the floorcoverings product mix in 2012 with value share estimated at 57%, followed by wood (16%), vinyl (15%).
The domestic market for carpet has remained difficult in 2010-12 with retailers recording reduced footfall as consumer spending on ‘non essentials’ remains subdued. The contract market has been boosted by increased demand for carpet and carpet tiles from the education and entertainment & leisure sectors over the last 2-3 years, but increased pressure on prices in the contract sector has meant that value growth has been subdued. Tufted carpets continue to dominate the carpet mix with value share of 73% in 2012 followed by wovens with 15% and with fibre bonded and ‘others’ maintaining value share at 6%.
The wood floorcoverings sector has experienced 26% decline in value since the market peak of £385m in 2007 and is estimated to be worth around £233m in 2012. Key to the decline in wood flooring has been the dramatic fall in laminate sales, which into 2012 appears to be stabilising with laminates now characterised by a move upwards into the mid-market sectors. Engineered and solid woods have performed better than laminates in recent years with demand from both the contract and domestic sectors generally less susceptible to the volatility experienced in the laminates market. However, increased price of oak into H2 2012 appears to be driving up average prices.
The UK market for vinyl floorcoverings has struggled over the review period, reflecting ongoing difficult conditions in the underlying economy and cutbacks in the healthcare sector. However, the decline was offset to some extent by a surge in spend on refurbishments and new projects in the run-up to the London Olympics.
Although a beneficiary of the ‘improve not move’ trend in 2011, the upper sectors of the ceramic & natural stone tile market have experienced more difficult conditions in 2012 with retailers in particularly indicating slower footfall.
Prospects for the floorcoverings market indicate that growth is likely to be marginal at best into the short-medium term, driven by struggling housing market and the prospects of spending cuts likely to reduce demand from key public sectors. Recent extensive flooding damage in late 2012 will provide a short term boost to the sector in 2013, though this will only have a limited impact on the market. The overall market is currently forecast to experience only marginal 1-2% growth to 2016 when value is expected to reach around £1.84bn -approximately 15% below pre-recession peak of £2.16bn recorded for 2007.
More United Kingdom Carpets & Rugs reports
Rug Retailers & Wholesalers (UK) - Industry Report by Plimsoll Publishing Ltd.
Plimsoll Publishing’s UK Rug Retailers & Wholesalers Analysis provides a detailed overview of the UK Rug Retailers & Wholesalers market and delivers a comprehensive individual ...
Rug Manufacturers (UK) - Industry Report by Plimsoll Publishing Ltd.
Plimsoll Publishing’s UK Rug Manufacturers Analysis provides a detailed overview of the UK Rug Manufacturers market and delivers a comprehensive individual analysis on the top ...
Carpet, Curtain & Upholstery Cleaners (UK) - Industry Report by Plimsoll Publishing Ltd.
Plimsoll Publishing’s UK Carpet, Curtain & Upholstery Cleaners Analysis provides a detailed overview of the UK Carpet, Curtain & Upholstery Cleaners market and delivers a ...
Carpet Retailers (UK) - Industry Report by Plimsoll Publishing Ltd.See all reports like this >>
Plimsoll Publishing’s UK Carpet Retailers Analysis provides a detailed overview of the UK Carpet Retailers market and delivers a comprehensive individual analysis on the top ...
More United Kingdom reports
Painters & Decorators - Scotland (UK) - Industry Report by Plimsoll Publishing Ltd.
Plimsoll Publishing’s UK Painters & Decorators - Scotland Analysis provides a detailed overview of the UK Painters & Decorators - Scotland market and delivers a ...
D&B Country RiskLine Report: The United Kingdom by Dun & Bradstreet Inc.
This D&B Country RiskLine Report will help you analyze the risks, opportunities and likely payment delays when doing business in this country. It includes ...
D&B Country Report: The United Kingdom by Dun & Bradstreet Inc.
D&B Country Report. Comprehensive information for evaluating risks and opportunities when trading or investing in this country. Providing critical information and analysis on ...
United Kingdom: Country Profile by MarketLineSee all reports like this >>
INTRODUCTIONThis report provides a detailed analysis of the United Kingdom, providing an overview of its political, economic and business environment, represented both textually and in ...
We can help you find what you need. Call us or write us:
Need help in your search?