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Tarkett ZAO has been for many years the leader in home improvement, with 5% retail value share reached in 2014. The company’s competitive advantages are its "glocal" business approach, high standards of social responsibility, constant launch of new designs, wide net of points of sale, promotional campaigns – for instance Tarkett Design Academy working with designers – partnerships with other organisations, such as the Russian Association of Mini Football, and other activity stimulating high awareness in the Russian market. In the circumstances of the local currency decline, Russia-based production was another beneficial factor for the company in 2014 when importers had to increase prices. Interskol ZAO held the second position; it reached 3% retail value share in 2014 due to production expansion.
In the forecast period home improvement’s value sales decline will be mainly affected by construction decline as a result of tightening investment. Purchasing power decline and restrictive measures in respect to mortgage supply will lead to a significant decrease of real estate purchasing deals. This will lead to lower demand for repair work. In the case of necessary maintenance, consumers will switch to cheaper repair materials and economise on decorating sundries and power tools. Although Russian craftsmen prefer high-quality and branded tools, in the short term these will be mainly acquired by building companies or brigades, whilst amateur repairers will prefer to buy cheaper analogues or unbranded products, imported from Asia. In these circumstances the counterfeit hand and power tools demand will grow and have an additional negative impact on home improvement demand in Russia.
Home Improvement Market ResearchAnalyse key trends and developments in Russia for all product categories, competitors and channels.
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