Market Outlook: UK Home-Improvement Retailing—Easing Market Conditions and Pent-Up Demand To Support Sales Growth

Published – March 2024

Each Market Outlook offers our analysts’ definitive view of their sector. This research report includes proprietary forecasts, analysis of company metrics and our analysts’ consideration of factors and themes in the market.

In this Market Outlook, we explore the size and trajectory of the UK home-improvement (DIY) sector and key factors impacting growth. We detail the overall market’s competitive landscape and present key themes we are watching in 2024 and beyond.

Data in this research report include:

• UK DIY sector size and year-over-year percentage change, 2019–2028E
• UK DIY sector share of total retail sales, 2018–2023
• Average UK house prices’ year-over-year growth, October 2022–November 2023
• Total UK housing sales and year-over-year percentage change, November 2022–November 2023
• Major UK home-improvement retailers’ revenues, margins and store numbers, 2018–2022

Introduction

What We Think

• The Coresight Research View on the UK Consumer Economy
• Implications from This Report
• Implications for Brands/Retailers
• Implications for Real Estate Firms
• Implications for Technology Vendors

The Sector

• Market Scale and Opportunity
• Market Factors

The Companies

• Revenues
• Operating Margin
• Store Numbers and Changes

Themes We Are Watching

• E-Commerce Expansion
• Redefining the Omnichannel Approach
• Continued Focus on Kitchen Design Services
• AI Deployment

Retail Innovators

• Alusid
• CitrusAd
• Nfinite

Notes and Methodology

Appendix

• Ranking Retailers by Store Numbers

14-page PDF report

Amazon, Argos, B&M, eBay, Halifax, Homebase, Kingfisher, Robert Dyas, Tile Giant, Toolstation, Topps Tiles, Travis Perkins, Wickes, Wilko

1. UK DIY Sector Size (Left Axis; GBP Bil.) and YoY % Change (Right Axis)
2. UK: DIY Sector Share of Total Retail Sales (%)
3. UK House Prices: Year-over-Year Growth (% Change)
4. UK: Housing Sales (Left Axis: Thous.) and YoY Change (Right Axis; %)
5. Mortgage Rates in the UK (%)
6. UK: Rental Price Growth (YoY % Change)
7. UK: Year-over-Year Inflation Rate (%)
8. UK DIY: Major Retailers’ Revenues (GBP Bil.)
9. UK DIY: Major Retailers’ Operating Margins (%)
10. UK DIY: Major Retailers’ Store Numbers