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Link to original content: http://www.statista.com/outlook/cmo/diy-hardware-store/floor-covering/united-kingdom
Floor Covering - United Kingdom | Statista Market ForecastSkip to main content
  1. Market Insights
  2. Consumer
  3. DIY & Hardware Store

Floor Covering - United Kingdom

United Kingdom
  • In the United Kingdom, the revenue generated in the Floor Covering market in 2024 amounts to US$164.90m.
  • It is projected that the market will experience an annual growth rate of 1.74% (CAGR 2024-2029).
  • When compared globally, United States generates the highest revenue in this market, reaching US$6bn in 2024.
  • Looking at the per person figures, in 2024, the revenue generated amounts to US$2.43 per individual in relation to the total population.
  • The United Kingdom's floor covering market is experiencing a surge in demand for sustainable and eco-friendly materials.

Definition:

The Floor Covering market is centered on the need to cover floors with certain materials that provide, first and foremost, a visually appealing aesthetic to a room while also adding comfort. This market focuses on parquet panels that are typically made from hardwood such as oak, maple, or cherry and are sold in various forms such as solid or engineered hardwood. Parquet panels are characterized by a focus on durability, natural beauty, and design versatility making it a popular choice among homeowners and designers.

Additional Information:

The market comprises revenue and average revenue per capita data. Revenue refers to B2C sales and per capita figures take into account the whole population. Previously, this market included the Parquet Panel segment and Carpet & Rugs segment. The Carpet & Rugs segment now falls under our newly created Home Decor segment within the Furniture market. Therefore, this market only considers parquet panels but more segments will be added soon. For more information on the displayed data, click the info button on the right hand side of each box.

In-Scope

  • Parquet Panels

Out-Of-Scope

  • Carpet
  • Laminate
  • Tile
  • Vinyl
  • Installation services
Floor Covering: market data & analysis - Cover

Market Insights report

Floor Covering: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Notes: Data is shown using current exchange rates. The applied current exchange rates are displayed in the Key Market Indicators below.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Floor Covering market in the United Kingdom is expected to experience negligible growth due to factors such as shifting consumer preferences towards DIY projects and increasing competition from online retailers.

    Customer preferences:
    The Floor Covering Market within the DIY & Hardware Store Market market has seen a rise in demand for eco-friendly and sustainable flooring options, reflecting a growing consumer preference for environmentally responsible products. This trend is driven by increasing awareness of climate change and the desire for more eco-friendly homes. Additionally, there is a shift towards DIY flooring installations, as consumers seek to save money and personalize their living spaces. These changing consumer preferences have also resulted in the rise of online tutorials and forums, providing individuals with the necessary guidance and resources for DIY flooring projects.

    Trends in the market:
    In the United Kingdom, the Floor Covering Market within the DIY & Hardware Store Market is experiencing a surge in eco-friendly and sustainable floor covering options. This trend is driven by a growing consumer demand for environmentally friendly products and a shift towards more conscious shopping habits. As a result, industry stakeholders are investing in innovative technologies to produce eco-friendly materials, and retailers are expanding their selection of sustainable products to cater to this demand. This trend is expected to continue, with potential implications for the industry, such as increased competition and the need for retailers to adapt their inventory and marketing strategies.

    Local special circumstances:
    In the United Kingdom, the Floor Covering market within the DIY & Hardware Store Market is heavily influenced by the country's climate and cultural preferences. With the UK experiencing cold, damp winters, there is a higher demand for durable and waterproof flooring options. Additionally, the British market favors eco-friendly and sustainable products, leading to the popularity of options such as bamboo and cork flooring. The country's strict regulations on construction and building materials also shape the market, with a focus on safety and quality.

    Underlying macroeconomic factors:
    The performance of the Floor Covering Market within the DIY & Hardware Store Market in the United Kingdom is influenced by macroeconomic factors such as economic growth, consumer spending, and fiscal policies. As a developed economy, the UK has a strong consumer base with favorable disposable incomes, contributing to the growth of the DIY & Hardware Store Market. However, the uncertainty surrounding Brexit and its potential impact on the economy has caused fluctuations in consumer confidence and spending. Additionally, government policies related to housing and construction also play a role in driving demand for floor covering products in the country. Overall, economic stability and consumer sentiment will continue to be key influencers of the Floor Covering Market within the DIY & Hardware Store Market in the UK.

    Methodology

    Data coverage:

    Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.

    Modeling approach / Market size:

    Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.

    Additional Notes:

    The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

    Consumer

    Access more Market Insights on Consumer topics with our featured report

    Floor Covering: market data & analysis - BackgroundFloor Covering: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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