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Joinery Installation in the UK - Industry Market Research Report

Joinery installation market in the United Kingdom to grow 2.9% CAGR between 2014-19


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2014-04-21 16:25:02 - Joinery Installation in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com

Operators in the Joinery Installation industry are primarily engaged in the construction, installation and repair of products such as kitchen systems, cupboards, work stations, stairs and shopfittings. Industry participants conduct these services across, residential, public, commercial and industrial buildings. The sharp deterioration in demand from these markets due to the sustained economic downturn has adversely affected industry revenue. Over the five years through 2013-14, industry revenue is estimated to decline at a compound annual rate of 2.1% to total £9.2 billion.

The industry´s poor performance reflects the major impact of the 2008 financial crisis and consequent slowdown in construction activity. As the credit markets plummeted into disruption, many businesses struggled to make ends meet choosing to reduce staff numbers, which pushed

 

 

up unemployment.

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