Jan. 24, 2013
/PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Carpets & Floorcoverings Market Report 2013
The Key Note Market Report examines the carpets and floorcoverings industry in the UK. In 2012, the market grew by just 0.3%.
The report divides the market into four principle categories: carpets, wood/laminate, vinyl and tile flooring. Carpets is the biggest sector, accounting for more than half the market. Prominent in British interior culture, it remains popular among consumers in the UK. However, the wood and laminate category is gradually gaining prominence. It has grown more than any other segment in the market over the past 5 years. The hardwood floors are practical, making them a convenient and functional option for consumers. Vinyl flooring is favourable for consumers who prefer value over substance, while the demand for tiles is limited, as their application tends to be restricted to surfaces in bathrooms, kitchens and reception areas.
Demand for carpets and floorcoverings in the UK has typically reflected the state of the property market, since the products are a critical component of décor in both the residential and commercial sectors. However, although the economic crisis has caused a slump in the property market in recent times, the carpets and floorcoverings industry has continued to grow as consumers decide to redecorate their homes instead. However, limited finances mean that they are on the prowl for the best price to quality ratio. This trend, combined with competition in the industry, has put pressure on manufacturers and retailers to engage in promotional activity. As a result, although there is a demand for carpets and floorcoverings, the industry is stagnating.