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.
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.
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.
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.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
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1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.5 Trends Influencing the UK Home furniture Market
4.6 Value Chain Analysis of the UK Home Furniture Market
4.7 Millennials and the Housing Market
4.8 Porter's Five Forces Analysis
4.9 E-commerce Impact on the Market
4.10 Technological Innovations
4.11 Brexit Impact on the UK Home Furniture Market
5 MARKET SEGMENTATION
5.1 By Product
5.1.1 Kitchen Furniture
5.1.2 Living and Bedroom Furniture
5.1.3 Bathroom Furniture
5.1.4 Outdoor Furniture
5.1.5 Lighting Furniture
5.2 By Distribution Channel
6 COMPANY PROFILES
6.2 Bed Bath & Beyond Inc.
6.3 Wayfair Inc.
6.4 DFS Furniture PLC
6.5 Dunelm Group PLC
6.6 Steinhoff UK Retail Limited
6.7 Courts PLC
6.8 Land of Leather Holdings Plc
6.9 Barker and Stonehouse Ltd
6.10 ScS Group plc *
7 INVESTMENT ANALYSIS ON THE UK HOME FURNITURE MARKET
8 FUTURE OF THE UK HOME FURNITURE MARKET
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.