United Kingdom (UK) Home Furniture Market Trends, Demand and Global Outlook- Ikea, Bed Bath & Beyond Inc., Wayfair Inc., DFS Furniture PLC, Dunelm Group PLC

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.

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Top Leading Manufactures-

Ikea, Bed Bath & Beyond Inc., Wayfair Inc., DFS Furniture PLC, Dunelm Group PLC, Steinhoff UK Retail Limited, Courts PLC, Land of Leather Holdings Plc, Barker and Stonehouse Ltd, ScS Group plc *

Industry Analysis:

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 UKs 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.

Market Scenario

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.

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 value of the market is estimated and may vary since service fees for installation are not taken into account. Kitchen Furniture segment revenue amounts to USD 9,760 million in 2019. In relation to the total population, per person revenues of USD 149 are generated in 2019.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a United Kingdom (UK) and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: United Kingdom (UK) Home Furniture Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

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