The UK Decorative DIY Market to 2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-13 19:16:03
Having proved relatively resilient in 2011, with 0.3% growth, the United Kingdom decorative DIY market is one of DIY´s better performing areas. Unlike other areas of DIY, decorative products have appealed to both consumers looking to refresh their surroundings without making a significant outlay and those that want to add value to their properties for a minimal investment.
As a relatively cheap and easy way to refresh a home, paint (+2.8% in 2011) has proved the best performing category, with wallpaper (+1.0%) underperforming it but also fairly resilient. However, tiling (-3.5%) has been one of the weaker areas of decorative products, due to being viewed as a relatively permanent, expensive way of re-decorating.
Unlike other areas of DIY, female shoppers outnumber males for many decorative products. As a softer, more aesthetic category, it is an area women shop more actively and feel more comfortable about. Decorating products also has a more even penetration across affluence levels than other areas of DIY, as it offers low budget options for updating and refreshing properties.
Retail sales of decorative products are dominated by the DIY sheds and B&Q leads the way with a 24.5% share in 2011. However, while these retailers will continue to dominate, as generalists with fairly mature offers they will see their share eroded by smaller, more focused players.
This report provides an in-depth examination of the UK retail market for decorative DIY covering market data, key retail players and consumer behavior.
Introduction and Landscape
Part of our home retail research programme, this report provides detailed and comprehensive insight into what consumers are buying across the decorative DIY category, what they´re spending, where they´re shopping and why. The report also reviews leading players in the market and assesses their future prospects. Strategic analysis helps you to understand what actions your business needs to take in the market to win over the next five years.
Key Features and Benefits
The report covers:
We provide overall, sector, category and product market values to give you a detailed overview of market potential; current and historic values are included
On a sector and category level we provide future forecasts over a five year timeframe; at product level we provide a directional forecast over a two year time window
Market shares for the leading retailers are included at category level. A future outlook is also provided for the main players to help you understand the future direction of market share.
The leading retailers are profiled: critical metrics like store numbers, financials and, shares are provided along with an analysis of current strategy and future outlook.
Statistics on who´s shopping for what are provided; these give a clear view on the most important consumer segments and groups.
The overall dynamics of the decorative DIY category are provided; this gives an understanding of the drivers of demand both currently and over the next five years.
Ideation and innovation:
Using all data and analysis, we provide broad suggestions for winning strategies that successful businesses will need to employ in the decorative DIY market.
Key Market Issues
1. Understand how the market´s performing
This report forecasts what the size of the decorative DIY market will be over the next few years and give an indication of the sources of growth. In today´s turbulent market knowing where things are likely to go is essential for planning.
2. Explore the trends in the market
The report is written and complied by experts in the retail market. Rather than just presenting a mass of raw data, this expertise ensures the report explains why certain trends and patterns exist. In turn this allows you to understand the context of the market which aids your own decision making.
3. See what actual consumers think about your brand
The report contains analysis direct from the very people that shape demand: consumers. A whole range of consumer dynamics are included, explaining purchase triggers, brand and retailer preferences and conversions, and purchase considerations. In short they allow you to understand what people think about your brand or store.
4. Use the reports to shape strategy
The reports just leave you hanging. They contain practical tips and advice on how to succeed in the market and are a source of ideas. The analysis and insight help you with planning, strategy and exercises such as repositioning or brand development.
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