UK Furniture Market Size
| 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
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 Market Trends
Increasing Real-Estate Industry is Driving the Market
The United Kingdom plays a vital role in the European furniture industry. The growth of the real estate sector and increasing residential and commercial construction are some of the factors expected to drive market growth. The major drivers for the development of this market are increasing construction activities and rising infrastructure due to the increasing urbanization and growing population. The increase in single-person and two-person households has contributed to increased home construction. There exists a specifically high demand for portable and compact furniture. Housing and commercial development growth is expected to positively affect furniture demand, driven by the need to furnish new constructions.
Export of Furniture from UK Driving the Market
Export of furniture from United Kingdom is driving the market. In previous year, the UK exported wooden furniture more than 50 million U.S. dollars worth for office use. The rising purchasing power of households along with the change in lifestyle, as well as the increasing trend of purchasing the living and dining room furniture through an online channel, are expected to drive the export growth of the market. The increasing demand for export of furniture is also one of the key drivers of the market.
UK Furniture Industry Overview
The report covers major international players operating in the United Kingdom Furniture Market. In terms of market share, some 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. The key Players include Morgan Furniture, Dare Studio, The Senator Group, Modus furniture, and Benchmark.
UK Furniture Market Leaders
Morgan Furniture
Dare Studio
The Senator Group
Modus furniture
Benchmark
*Disclaimer: Major Players sorted in no particular order
UK Furniture Market News
- February 2023: IKEA launched three new home and furniture collections. These collections are named Vivid Wonderland, Glorious Green, and Simple Serenity.
- December 2022: Furniture Village opened its brand-new store on Colchester's Stane Retail Park, taking its store count to 55. The new store offers 17,800 sqft of retail space over two floors.
UK Furniture Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Real-Estate Industry Is Driving The Market
4.2.2 Export of Furniture From UK Is Driving The Market
4.3 Market Restraints
4.3.1 Fluctuating Price of Raw Materials
4.3.2 Limitations in Supply Chain Restraints The Market Growth
4.4 Market Opportunities
4.4.1 Rise in Custom Furniture As An Opportunity
4.4.2 Increasing Demand for Multifunctional Furniture
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.6.1 Bargaining Power of Buyers
4.6.2 Bargaining Power of Suppliers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitutes
4.6.5 Intensity of Competitive Rivalry
4.7 Insights into Technology Innovation in the Market
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Material
5.1.1 Wood
5.1.2 Metal
5.1.3 Plastic
5.1.4 Other Materials
5.2 By Distribution Channel
5.2.1 Supermarkets
5.2.2 Specialty Stores
5.2.3 Online
5.2.4 Other Distribution Channels
5.3 By Application
5.3.1 Home Furniture
5.3.2 Office Furniture
5.3.3 Hospitality
5.3.4 Other Furniture
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Morgan Furniture
6.2.2 Dare Studio
6.2.3 The Senator Group
6.2.4 Modus furniture
6.2.5 Benchmark
6.2.6 IKEA
6.2.7 Furniture Village
6.2.8 Williams Ridout
6.2.9 On & On Designs
6.2.10 Case Furniture
6.2.11 The Bisley Group
6.2.12 Hugh Miller Furniture
6.2.13 Staverton*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
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 |
UK Furniture Market Research FAQs
How big is the UK Furniture Market?
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.
What is the current UK Furniture Market size?
In 2024, the UK Furniture Market size is expected to reach USD 27.17 billion.
Who are the key players in UK Furniture Market?
Morgan Furniture, Dare Studio, The Senator Group, Modus furniture and Benchmark are the major companies operating in the UK Furniture Market.
What years does this UK Furniture Market cover, and what was the market size in 2023?
In 2023, the UK Furniture Market size was estimated at USD 26.37 billion. The report covers the UK Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the UK Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
UK Furniture Industry Report
Statistics for the 2024 UK Furniture market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. UK Furniture analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
