Home improvement continued to record positive growth in 2018. Larger projects have been put on hold by UK consumers, due to a lack of certainty on the UK’s economic status in the eventual post-EU environment.
Floor covering sales are predicted to perform positively throughout the forecast period, driven largely by dynamic growth in wooden flooring and other floor covering types such as vinyl which are gaining momentum in the UK. Consumers in the UK are changing their preferences in floor covering from historically popular carpet to more natural earthy looks to make their home more aesthetically pleasing and allow better engagement with modern design furniture and textiles.
Decorative paint witnessed negative value growth in the review period. This is expected to continue, largely driven by consumers searching more actively for better deals on cheaper products.
A weakening in DIY in the UK has led to strong competition between retailers. Many struggled throughout 2018.
The largest DIY chain in the UK, B&Q, has not escaped being affected by the difficulties in the home improvement retail environment. The chain has been hit with major consumer confidence issues due to low quality in some of its products, which has resulted in a loss of customers visiting the stores.
Cordless drills and other cordless power tools recorded the most dynamic value growth in 2018. The Black & Decker Corp saw its value share of home improvement strengthen in 2018 as consumers continued to select its Black+Decker range of power tools for their sturdy build and trustworthiness.
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Overview: Discover the latest market trends and uncover sources of future market growth for the Home Improvement industry in United Kingdom with research from Euromonitor's team of in-country analysts.
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The Home Improvement in United Kingdom market research report includes:
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