Albany, NY — (PRESS RELEASE JET) — 09/26/2017 — Market Research Hub (MRH) has recently added the ‘UK DIY & Gardening Market 2017-2022‘ report to its repository hub. The report has both the volume and value forecast for the five-year forecast period ending in the year 2022. The informative report has exhaustive qualitative and quantitative insights of UK DIY & Gardening Market as it assesses consumer attitudes and relevant trends, giving readers an in-depth look at the key market players actively involved in the industry.
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Why Research UK DIY & Gardening Market?
A fall in housing transactions in the UK in the last two years coupled with an uncertain economic and political scenario have dampened consumer confidence and nipped their desire to spend on expensive home improvements. Gardening & DIY specialists are expected to feel the pinch from value retailers as they try to aggressively expand in the market. The combination of low prices and an improved range is anticipated to take a further toll on DIY & gardening specialists as shoppers would ‘trade down’ and flock to such lower priced stores during times of economic recession.
The DIY participation has been consistently falling over the last few generations and less than a quarter of shoppers aged between 16 – 24 years have purchased something in this category in the past year. This is in stark contrast to older shoppers above the age of 55 with a peak of more than 48% for this demographic. Online shopping has grown much quicker than physical retail and is poised to rise by more than 45% over the next half-decade as opposed to a single-digit increase in DIY & gardening sales made through physical stores. Quality and value for money are the most important factors for shoppers seeking out DIY & gardening products by a considerable margin and many retailers have highlighted their value credentials and strive to compete successfully with respect to that all-important factor – price.
Why Purchase This Report?
The report offers a five-year forecast till the year 2022 for individual product categories so that readers can refocus their business strategies on areas witnessing high growth. The report is a sound analysis on critical market concerns and assists the formulation of business plans that can help key stakeholders compete effectively in an era of economic flux. By comparing the profiles of major gardening & DIY retailers, readers can conduct a SWOT analysis thereby understanding the areas in which they can best compete in UK DIY & gardening market. Lastly, companies can identify the consumers to target and how to entice them by efficiently deploying shopper penetration data and evaluating what influences the motivation to spend within a retailer’s selection.
Browse Full Report with TOC- http://www.marketresearchhub.com/report/the-uk-diy-and-gardening-market-2017-2022-report.html
Following Points Evaluated in a Comprehensive Fashion
Success strategies to overcome market challenges and race ahead of the immediate competition
Market sizing in terms of growth forecasts and categories
Comprehensive profiling of retailers that includes their market share along with a general outlook
A consumer analysis detailing where, why, and how consumers purchase DIY & gardening products in UK DIY & gardening market
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