United Kingdom Home Furniture Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Market Is Segmented By Product (Living Room Furniture, Dining Room Furniture, Bedroom Furniture, Kitchen Furniture, and Other Types) and By Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online, and Other Distribution Channels).

Market Snapshot

United Kingdom Home Furniture Market Overview
Study Period: 2017-2026
Base Year: 2020
CAGR: >3.2 %
United Kingdom Home Furniture Market Top Players

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Market Overview

The United Kingdom home furniture market is projected to register a CAGR of greater than 3.2% during the forecast period, 2021-2026. The United Kingdom is the second-largest furniture market in Europe after Germany. The country is the second home furniture consumer in Western Europe (WE), providing about 17% of the WE demand, and the third importer, absorbing about 15% of WE imports. In 2020, UK households purchased approximately GBP 14.4 billion worth of furniture and furnishings.

The outbreak of the coronavirus disease (COVID-19) acted as a massive restraint on the UK home furniture market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. Steps by national governments to contain the transmission resulted in the halting of manufacturing activities and a decline in economic activity, with countries entering a state of lockdown. The outburst is expected to continue to have a negative impact on businesses into 2021.

In the last five years, the furniture market in the United Kingdom registered a quite good performance. The market is satisfied by over 45% from local production. The United Kingdom plays a central role also for furniture production, ranking fourth in Europe. The United Kingdom 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. Online players are also continuing their upward path and blurring the boundaries between online and offline experiences 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 2019. This can be attributed to a growing number of households in the country but also to a trend toward more qualitative furniture.

Scope of the Report

Furniture refers to movable objects intended to support various human activities such as seating (e.g., chairs, stools, and sofas), eating (tables), and sleeping (e.g., beds). Furniture is also used to hold objects at a convenient height for work (as horizontal surfaces above the ground, such as tables and desks) or to store things (e.g., cupboards and shelves). Furniture can be a product of design and is considered a form of decorative art. In addition to furniture's functional role, it can serve a symbolic or religious purpose. It can be made from many materials, including metal, plastic, and wood. Furniture can be made using a variety of woodworking joints which often reflect the local culture. A complete background analysis of the United Kingdom 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 and market dynamics, is covered in the report. The market is segmented by product (living room furniture, dining room furniture, bedroom furniture, kitchen furniture, and other types) and distribution channel (home centers, flagship stores, specialty stores, online, and other distribution channels). The report offers the market sizes and forecasts in value for the above segments.

By Product Type
Living Room Furniture
Dining Room Furniture
Bedroom Furniture
Kitchen Furniture
Other Types
By Distribution Channel
Home Centers
Flagship Stores
Specialty Stores
Online
Other Distribution Channels

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Key Market Trends

Increasing Housing Construction is Driving the Market

Europe recorded its fifth consecutive year of growth in construction for 2018, with growth in residential, non-residential, and civil engineering projects in the region, with the United Kingdom contributing a remarkable share to it. The rising demand for residential projects in the developing countries, combined with a strengthening new home construction market, contributed to another steady year of growth for the home furniture market. ​In 2019, there were 19.2 million families, an increase of 0.4% from the previous year, with a 6.8% increase over the decade from 2009 to 2019. The number of households grew by 0.9% since the previous year to 27.8 million in 2019, an increase of 6.8% over the last 10 years.

United Kingdom Home Furniture Market Key Trends

The Kitchen Furniture Segment is Gaining Momentum

Kitchen furniture includes fitted kitchen units and other wooden furniture used for preparing food or for food storage. The segment growth is driven by surging urbanization and remodeling in residential kitchens. Kitchen furniture are gaining momentum in investments with consistent growth in the hotel industry, which in turn, thrives on the rising travel and tourism. The kitchen furniture segment’s revenue amounted to USD 3500 million in 2019. In relation to the total population, per person revenues of USD 53.26 were generated in 2019.

United Kingdom Home Furniture Market Growth Rate

Competitive Landscape

The report covers major international players operating in the United Kingdom home furniture market. In terms of market share, few of the major players currently dominate the market. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping into new markets.

Recent Developments

  • In February 2021, Britain’s largest independent furniture retailer, Furniture Village, launched Virtual Village, its new 3D virtual store. Offering a "fully immersive shopping experience", customers are invited to browse the virtual showroom accompanied by expert advice, live from the shopfloor, via phone, LiveChat, or video call. They can then ‘walk’ around the store, browsing products and zooming in for a closer look. Every product is shoppable, with all details, options, lead times, and prices available at the click of a mouse, plus a handy shortlist option too.
  • In February 2021, Britain’s furniture industry called on the Chancellor, the Right Hon Rishi Sunak MP, to extend government help to the sector in his March 3 budget. In a letter to the Chancellor, chairman of The British Furniture Confederation (BFC) Jonathan Hindle says if the UK furniture industry is to return to pre-pandemic levels of business, supporting 330,000 jobs and worth nearly EUR 17 billion of annual consumer expenditure, he must extend the job retention scheme (furlough) until the end of June 2021, extend the VAT deferral period until June 2021, and extend the business rates holiday for another three months.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 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 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain/Supply Chain Analysis

    5. 4.5 Porter's Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Living Room Furniture

      2. 5.1.2 Dining Room Furniture

      3. 5.1.3 Bedroom Furniture

      4. 5.1.4 Kitchen Furniture

      5. 5.1.5 Other Types

    2. 5.2 By Distribution Channel

      1. 5.2.1 Home Centers

      2. 5.2.2 Flagship Stores

      3. 5.2.3 Specialty Stores

      4. 5.2.4 Online

      5. 5.2.5 Other Distribution Channels

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Furniture Manufactures

        1. 6.1.1.1 Alpha Designs Upholstery Limited

        2. 6.1.1.2 Andrena Furniture Ltd

        3. 6.1.1.3 Delcor Limited

        4. 6.1.1.4 Cotteswood Furniture

        5. 6.1.1.5 ercol

        6. 6.1.1.6 Steve Bristow Furniture*

      2. 6.1.2 Furniture Retailers

        1. 6.1.2.1 Ikea

        2. 6.1.2.2 Bed Bath & Beyond Inc.

        3. 6.1.2.3 Wayfair Inc.

        4. 6.1.2.4 DFS Furniture PLC

        5. 6.1.2.5 Dunelm Group PLC

        6. 6.1.2.6 Steinhoff UK Retail Limited*

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. DISCLAIMER

**Subject to Availability

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Frequently Asked Questions

The United Kingdom Home Furniture Market market is studied from 2017 - 2026.

The United Kingdom Home Furniture Market is growing at a CAGR of >3.2% over the next 5 years.

Ikea, Bed Bath & Beyond Inc., Wayfair Inc., Dunelm Group PLC, DFS Furniture PLC are the major companies operating in United Kingdom Home Furniture Market.

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