The UK DIY multiples market was estimated to be worth just over £6bn during 2002, according to researchers.
In its sixth major review of DIY multiples, AMA Research says the market has increased steadily in recent years, demonstrating an ability to withstand negative influences such as poor weather, the fuel crisis, the foot and mouth epidemic and global economic slowdown.
Last year saw continuing consolidation and a shift in focus, with Homebase acquired by Argos parent company GUS and shifting more towards homewares and furniture in mezzanine format stores, while B&Q concentrated on larger scale warehouse style outlets.
Building materials remains the third largest product sector in the market, with around 15% share or £900m in 2002.
The rapid growth of outlets seen in the 1990s has stabilised in recent years, with the current total level at around 1,100.
