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UK Furniture Market Size (2024 - 2029)

The UK furniture market is poised for growth, driven by factors such as rising disposable income, an increasing number of households, and heightened spending on home improvement and furnishing products. The market's expansion is further supported by the UK's position as a leading consumer in Western Europe and its robust furniture manufacturing sector. The distribution landscape, dominated by non-specialist retailers, and the impact of technological advancements are also key contributors to market growth. Despite challenges posed by the COVID-19 pandemic, which disrupted supply chains and global trade, the market is expected to recover and expand during the forecast period.

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Market Size of UK Furniture Industry

UK Furniture Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 27.17 Billion
Market Size (2029) USD 31.52 Billion
CAGR (2024 - 2029) 3.02 %
Market Concentration Medium

Major Players

UK Furniture Market Major Players

*Disclaimer: Major Players sorted in no particular order

UK Furniture Market Analysis

The UK Furniture Market size is estimated at USD 27.17 billion in 2024, and is expected to reach USD 31.52 billion by 2029, growing at a CAGR of 3.02% during the forecast period (2024-2029).

United Kingdom furniture manufacturing makes a significant contribution to the United Kingdom economy. The United Kingdom is the second home furniture consumer in Western Europe. United Kingdom furniture distribution is the highest share of non-specialist retailers. Growth is also likely to be boosted by increased demand from the housing market, expanding online operations and adding value-added services. The sudden COVID-19 pandemic, which hit the world in the initial days, changed the face of the furniture industry on a large scale. The disruptions in the supply chain and the temporary ban on global trade highly affected countries with high dependencies on imports for their furniture needs.

The market is expected to witness substantial growth during the forecast period, owing to rising disposable income, increasing the number of households in the country, and increasing spending on home improvement and furnishing products. The technological advancement in the company's product landscape will help gain high furniture market penetration.

UK Furniture Industry Segmentation

The United Kingdom Furniture Market refers to the total sales recorded by furniture products across the United Kingdom. A complete background analysis of the United Kingdom Furniture Market, which includes an assessment of the National accounts, economy, and emerging market trends by segments, significant changes in the market dynamics, and the market overview, is covered in the report. The United Kingdom Furniture Market is segmented by Material (Wood, Metal, Plastic and Other Materials), by Application (Home Furniture, Office Furniture, Hospitality Furniture, and Other Furniture) and by Distribution Channel (Supermarkets, Specialty Stores, Online, and Other Distribution Channels). The report offers market size and forecasts for the Market in value (USD Million) for all the above segments.

By Material
Wood
Metal
Plastic
Other Materials
By Distribution Channel
Supermarkets
Specialty Stores
Online
Other Distribution Channels
By Application
Home Furniture
Office Furniture
Hospitality
Other Furniture
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UK Furniture Market Size Summary

The UK furniture market is poised for steady growth over the forecast period, driven by several key factors. As the second-largest consumer of home furniture in Western Europe, the United Kingdom plays a crucial role in the European furniture industry. The market is experiencing a shift due to increased demand from the housing sector, expanding online sales channels, and the introduction of value-added services. The COVID-19 pandemic significantly impacted the industry, disrupting supply chains and affecting countries reliant on furniture imports. However, the market is expected to recover and grow, supported by rising disposable incomes, an increasing number of households, and heightened spending on home improvement and furnishing products. Technological advancements in product offerings are also anticipated to enhance market penetration.

The growth of the UK furniture market is further bolstered by the expansion of the real estate sector and increased residential and commercial construction activities. Urbanization and a growing population have led to a rise in single-person and two-person households, driving demand for portable and compact furniture. The market is also benefiting from a surge in furniture exports, with significant value attributed to office furniture. Changes in lifestyle and the trend towards online purchasing of living and dining room furniture are contributing to this export growth. Major international players dominate the market, but mid-size and smaller companies are gaining traction through technological advancements and product innovation. Key players include Morgan Furniture, Dare Studio, The Senator Group, Modus Furniture, and Benchmark, with recent developments such as IKEA's new collections and Furniture Village's store expansion highlighting ongoing market activity.

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UK Furniture Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Real-Estate Industry Is Driving The Market

      2. 1.2.2 Export of Furniture From UK Is Driving The Market

    3. 1.3 Market Restraints

      1. 1.3.1 Fluctuating Price of Raw Materials

      2. 1.3.2 Limitations in Supply Chain Restraints The Market Growth

    4. 1.4 Market Opportunities

      1. 1.4.1 Rise in Custom Furniture As An Opportunity

      2. 1.4.2 Increasing Demand for Multifunctional Furniture

    5. 1.5 Industry Value Chain Analysis

    6. 1.6 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.6.1 Bargaining Power of Buyers

      2. 1.6.2 Bargaining Power of Suppliers

      3. 1.6.3 Threat of New Entrants

      4. 1.6.4 Threat of Substitutes

      5. 1.6.5 Intensity of Competitive Rivalry

    7. 1.7 Insights into Technology Innovation in the Market

    8. 1.8 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material

      1. 2.1.1 Wood

      2. 2.1.2 Metal

      3. 2.1.3 Plastic

      4. 2.1.4 Other Materials

    2. 2.2 By Distribution Channel

      1. 2.2.1 Supermarkets

      2. 2.2.2 Specialty Stores

      3. 2.2.3 Online

      4. 2.2.4 Other Distribution Channels

    3. 2.3 By Application

      1. 2.3.1 Home Furniture

      2. 2.3.2 Office Furniture

      3. 2.3.3 Hospitality

      4. 2.3.4 Other Furniture

UK Furniture Market Size FAQs

The UK Furniture Market size is expected to reach USD 27.17 billion in 2024 and grow at a CAGR of 3.02% to reach USD 31.52 billion by 2029.

In 2024, the UK Furniture Market size is expected to reach USD 27.17 billion.

UK Furniture Market Report Snapshots

UK Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)