PROSPECTS AND OPPORTUNITIES
Home improvement and gardening stores set to record stable growth over forecast period
Value sales of home improvement and gardening stores (at constant 2024 prices) are poised for low but stable growth over the forecast period, driven by the ongoing interest in DIY projects and home gardening. Consumers in the UK have embraced DIY as both a cost-saving measure and a creative outlet.
Pet shops and superstores to continue on positive growth trajectory
Pet shops and superstores is expected to benefit from the ongoing humanisation of pets in the UK, where local consumers increasingly treat their animal companions as family members. Even in more challenging economic times, owners tend to prioritise spending on their pets, which is likely to continue, ensuring the positive outlook for pet shops and superstores.
Sustainability key to driving future growth of home products specialists
Sustainability is likely to continue to play a crucial role in home improvement and gardening stores, driving both product offerings and operational practices. Consumers are increasingly seeking eco-friendly building materials, energy-efficient appliances, and sustainable gardening products.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Products Specialists industry in United Kingdom with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Home Products Specialists industry in United Kingdom, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Home Products Specialists in United Kingdom report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Home Products Specialists in United Kingdom?
- Which are the leading retailers in Home Products Specialists in United Kingdom?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Home Products Specialists in the United Kingdom - Category analysis
KEY DATA FINDINGS
Further sales decline for homewares and home furnishing stores
Pet shops and superstores maintains positive trajectory despite economic challenges
Mixed performances by leading home products specialists
Home improvement and gardening stores set to record stable growth over forecast period
Pet shops and superstores to continue on positive growth trajectory
Sustainability key to driving future growth of home products specialists
Retail in the United Kingdom - Industry Overview
Retail in 2024: The big picture
Value-driven shopping continues to reshape UK retail landscape
Retail e-commerce thrives on convenience and competitive pricing
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Valentine’s Day
International Women’s Day
Easter
Back-to-school
Black Friday
Christmas
DISCLAIMER
The following categories and subcategories are included:
Home Products Specialists
- Home Improvement and Gardening Stores
- Homewares and Home Furnishing Stores
- Pet Shops and Superstores
Home Products Specialists
The aggregation of home improvement and gardening stores, homewares and home furnishing stores, and pet shops and superstores.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Home Products Specialists research and analysis database.
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