For a third year running, CEDIA has teamed up with Parks Associates to conduct extensive research into the UK residential custom installation market. The findings detail a healthy, growing CI market, with average turnover increasing by 30% in 2014.
The research suggests that the UK residential custom installation sector is in a positive position. It states that the market is sized as being worth between £910m and £975m and includes 1,000 – 1,500 active companies.
“We are pleased to announce the results of our research project,” explains Wendy Griffiths, Executive Director of CEDIA EMEA. “Now in its third year, this extensive survey provides the industry with three years of strong historical comparative data. The findings for 2013 – 2014 show that our industry is extremely prosperous, with an increase in turnover of 30%. We are pleased to see that the custom install industry remains buoyant, with around 2,500 new home technology professionals joining the market in the last year. These results are encouraging for the whole industry, as it is proof that exciting opportunities still exist in our sector”.
The extensive research project, commissioned by CEDIA EMEA was carried out by international market research company, Parks Associates from July until October 2014. 270 Home Technology Professional companies based in the UK qualified for the survey, having designed and installed systems in residential properties over the last 12 months.