Navigating the UK Home Improvement Market: Key Insights from the 2024-2028 Report

 The UK home improvement market has been on a rollercoaster ride in recent years, due to economic uncertainty and shifting consumer behaviours. Our new report, ‘Home Improvement Multiples Market Report – UK 2024-2028’ provides invaluable insights into this challenging market sector.

To celebrate the launch of the report, we have shared 5 key trends and highlights below.

Market Size

The Home Improvement Multiples market is forecast to grow by around +16% overall, from 2024 to 2028 (RSP).

Market Share

Garden & Landscaping represents a significant category, although is highly seasonal.

Future Growth

Areas of growth will be in energy efficient and smart products, with further potential for increased penetration in ‘big ticket’ items, such as kitchens & bathrooms.

Sales

Online sales will be key to success in this market, offering breadth of choice across categories.

Competition

The home improvement multiples face stiff competition from retail specialists particularly in the garden, windows & doors and home & furniture sector.

Anne Williams, Editor of the report commented:

“In this report we cover the key drivers and challenges shaping the sector. From the impact of the cost-of-living crisis and supply chain disruptions to the opportunities presented by energy-efficient solutions and smart home technologies, the report offers a comprehensive understanding of the market’s dynamics.

Whether you’re a retailer, supplier, or industry stakeholder, this report is an essential resource for navigating the complexities of the UK home improvement multiples market. With expert commentary and actionable recommendations, it equips you with the knowledge and strategies to thrive in this challenging yet promising environment.”