UK Market for Contract Carpet 2012-2018 by Value (£m MSP)
SUPPLY STRUCTURE The UK carpet market is relatively fragmented with a large number of suppliers operating within both the domestic and contract markets. Import penetration is high and UK- based manufacturing remains under pressure, particularly where both domestic and contract sectors are targeted.
A key aspect for the contract carpet market remains the pressure on UK manufacturers to compete effectively in an increasingly price competitive market, with further restructuring likely in the medium term.
Contract Floorcoverings Product Mix – 2015 (% by Value)
PRODUCT MIX Carpet continues to account for the largest value share of the contract floorcoverings market, though it no longer dominates to the extent that it did 20 years ago. The product mix has been relatively stable over the last five years, as specifiers are happy to be flexible in using different products in different locations. It is much more common now to see a range of different flooring products in applications as specifiers combine soft and hard flooring in the same installation.
FUTURE PROSPECTS The market for contract carpets is currently forecast to increase by 4% in 2016, with further steady growth in 2017-20. A number of factors that influence the total carpet market will continue to influence the contract sector into the medium term.
These include continuing pressure on prices and margins for UK manufacturers, with lower priced imports likely to continue to take share, increasing competition from other floorcovering products and development of sector specific carpets, which may lead to increasing specification of
twitter.com/TContractFloors
higher performance carpets in sectors such as care homes, education and leisure. Carpet tiles are likely to remain popular underpinned by their ease of installation and replacement.
Key to the progress of contract carpets will be the rate of growth in the commercial construction sector - although prospects for the office new build and refurbishment sector remain good into the medium-term, the prospects for retail remain mixed. While there are some ‘storm clouds’ gathering in the global economy, prospects for the UK are for steady growth in the medium term.
The outlook into the medium-term is for little significant change to the product mix. Carpet is currently forecast to see a marginal loss of share by 2020 to floor tiles, given the potential for installation in some larger transport projects, but the contract sector remains susceptible to changes in interior design trends particularly in the commercial sector, which could swing in favour, which will ensure continual switching of products in the medium-term.
Extracted from the ‘Contract Floorcoverings Market Report - UK 2016-2020 Analysis’
Contact
sales@amaresearch.co.uk or
seewww.amaresearch.co.uk for details.
FEATURE | 23
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64