The economic downturn and rising import penetration have hampered the Household Textile and Soft Furnishing Manufacturing industry over the five years through 2014-15. Imports are expected to account for 55.2% of domestic demand in 2014-15, up from 46.2% in 2009-10. Heavy competition from foreign manufacturers added pressure to operators grappling with poor economic conditions. The UK economy has improved considerably since the start of 2013-14, with a sharp fall in unemployment and growth in consumer confidence boosting revenue recently.
Firms in this industry manufacture a wide range of household textiles, soft furnishings and canvas goods from a variety of materials.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.