In 2023, the retail sale of hardware, paints, and glass in specialized stores in the UK stood at roughly £6.17 billion. Forecasts predict a steady year-on-year growth of around 1.6% culminating in £6.67 billion by 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is expected to be approximately 1.6% as well.
Future trends to watch for include:
- The impact of evolving consumer preferences towards sustainable and eco-friendly products.
- Potential economic fluctuations due to international trade agreements and post-Brexit regulations.
- Technological advancements in retail, like augmented reality (AR) shopping experiences, which could increase consumer engagement.
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