UK HOME FURNITURE MARKET - GROWTH, TRENDS, AND FORECAST (2019-2024)

The Market is Segmented by Product, and by Distribution Channel.

Market Snapshot

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Study Period:

2015-2024

Base Year:

2018

CAGR:

3%

Key Players:

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Market Overview

The UK furniture distribution is the highest share of non-specialist retailers, due to the significant presence of alternative channels like e-commerce, hypermarkets, homeware retailers and department stores compared to the other European countries.

  • UK is the second home furniture consumer in Western Europe (WE), providing about 17% of WE demand, and the third importer, absorbing about 15% of WE imports.
  • As of 2016, furniture manufacturing companies contribute GBP 8.4 billion to the UK’s GDP, which equals 1.6% of the manufacturing industry.
  • Online players are also continuing their upward path, and blurring the boundaries between on and offline experience with their own takes on the traditional store concept.
  • In a context of political and economic uncertainty caused by Brexit, home furnishings performed relatively well in 2017. This can be attributed to a growing number of households in the country but also to a trend towards more qualitative furniture.

Scope of the Report

A complete background analysis of the UK Home Furniture Market, which includes an assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and logistics spending by the end-user industries, is covered in the report.

By Product
Kitchen Furniture
Living and Bedroom Furniture
Bathroom Furniture
Outdoor Furniture
Lighting Furniture
By Distribution Channel
Offline
Online

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Key Market Trends

Household Expenditure on Furniture and Floor Coverings

As of 2017, UK households spent an average of GBP 17 a week on furniture; GBP 3.5 were spent weekly on soft floor furnishings; spent GBP 1.1 on Fancy decorative goods were spent weekly, GBP 0.3  were spent weekly on hard floor coverings and GBP 0.4 hard floor coverings on garden furniture.

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To understand key trends, Download Sample Report

Kitchen Furniture Segment

Kitchen Furniture includes fitted kitchen units as well as other wooden furniture used for preparing food or for food storage. Refrigerators, stoves and other household appliances are not included. The segment growth is driven by surging urbanization and remodeling in residential kitchens. Kitchen Furniture gaining momentum in investments with consistent growth in the hotel industry which in turn thrives on rising in travel and tourism. 

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Competitive Landscape

The report covers major international players operating in the UK Home Furniture Market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.

Major Players

  1. Ikea
  2. Bed Bath & Beyond Inc.
  3. Wayfair Inc.
  4. Dunelm Group PLC
  5. DFS Furniture PLC

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Key Deliverables of the Study

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Drivers

    3. 4.3 Restraints

    4. 4.4 Opportunities

    5. 4.5 Trends Influencing the UK Home furniture Market

    6. 4.6 Value Chain Analysis of the UK Home Furniture Market

    7. 4.7 Millennials and the Housing Market

    8. 4.8 Porter's Five Forces Analysis

    9. 4.9 E-commerce Impact on the Market

    10. 4.10 Technological Innovations

    11. 4.11 Brexit Impact on the UK Home Furniture Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Kitchen Furniture

      2. 5.1.2 Living and Bedroom Furniture

      3. 5.1.3 Bathroom Furniture

      4. 5.1.4 Outdoor Furniture

      5. 5.1.5 Lighting Furniture

    2. 5.2 By Distribution Channel

      1. 5.2.1 Offline

      2. 5.2.2 Online

  6. 6. COMPANY PROFILES

    1. 6.1 Ikea

    2. 6.2 Bed Bath & Beyond Inc.

    3. 6.3 Wayfair Inc.

    4. 6.4 DFS Furniture PLC

    5. 6.5 Dunelm Group PLC

    6. 6.6 Steinhoff UK Retail Limited

    7. 6.7 Courts PLC

    8. 6.8 Land of Leather Holdings Plc

    9. 6.9 Barker and Stonehouse Ltd

    10. 6.10 ScS Group plc *

  7. 7. INVESTMENT ANALYSIS ON THE UK HOME FURNITURE MARKET

  8. 8. FUTURE OF THE UK HOME FURNITURE MARKET

  9. 9. APPENDIX

*List not Exhaustive

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