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RELEASED: JUNE 2009
After researching the UK carpets market development and taking into account various other factors the following conclusions can be drawn from MBD's report:
MARKET REVIEW 2004-2008:
In 2008, the UK market for carpets is believed to have declined by 6% to £1.28 billion, partially offsetting increases of 6% and 1% recorded in 2006 and 2007 respectively. Indeed during the five year review period, the market fluctuated somewhat, with an overall decline of 2% evident between 2004 and 2008.
MARKET FORECAST 2009-2013:
The UK carpets market is anticipated to decline during the first two years of the forecast period in real terms by a considerable 9% in 2009 and a moderate 2% in 2010. This is mainly a reflection of the current economic downturn, the slowdown in the housing market as well as in new construction output. Carpets also continue to face the threat of substitution by smooth floorcoverings, which has become increasingly popular in recent years. Nonetheless MBD expect economic conditions to start to improve in 2010. Indeed the UK market for carpets is anticipated to increase moderately in real terms year-on-year for the latter three years of the forecast period. Overall MBD expects the UK market for carpets to decline by 8% in real terms compared with 2008, to £1173.8 million in 2013.
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MBD specialises in business to business market research. The range of reports and industries in which we operate in constantly expanding (our portfolio comprises of more that 140 titles). All our reports are written by in-house market consultants.
Click here for full details of the UK Carpets Market Research Report
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