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The United Kingdom Homeware Market is segmented by Product (Home Decoration, Furniture, Kitchenware, Soft Furnishings, Home Appliances, Storage and Flooring, and Other Products), Distribution Channel (Supermarkets and Hypermarkets, Speciality Stores, Online, and Other Distribution Channels).
2016 - 2026
The UK homeware market is expected to witness strong growth during the forecast period, owing to factors, such as rising urbanization, an increase in consumer purchasing power, and an increase in the number of household units in the country.
Furthermore, factors, such as globalization, new kinds of designs, and the availability of a variety of items for home decoration, are encouraging the growth of the market.
Due to the rise of online retail, furniture, and other items used in houses are available at a discounted price and have become more affordable. Hence, many people are accessing these online retail outlets to decorate their homes. Other factors that are encouraging the growth of the market are the rise in disposable incomes and improving the lifestyle patterns of people.
Growing construction activities are also expected to drive the homeownership rates, creating a positive impact on the market. The rising level of housing completions is also supporting demand for inclusive bathroom and kitchen products.
A complete background analysis of the UK homeware market, including an assessment of the parental market, emerging trends by segments and regional markets, significant changes in market dynamics and market overview, is covered in the report. The report also covers the competitive landscape of the industry, which provides details about the key players present in the market.
|Storage and Flooring|
|Other Types (Lighting, Bathroom Accessories, and Tableware)|
|By Distribution Channel|
|Supermarket and Hypermarkets|
|Other Distribution Channels|
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In the United Kingdom, domestic customers spend around EUR 16 billion to EUR 18 billion a year on furniture and furnishings, accounting for approximately 70% of the market. Due to the rising per capita income and increasing urbanization, people are becoming encouraged to redecorate their rooms or even their whole house on a regular basis, which is boosting the demand for these products.
The huge rise of e-commerce also has had a very significant effect on the furniture industry in the United Kingdom. The growing dominance of large chains, such as IKEA, is encouraging customers to shop online. However, department stores, like John Lewis, mixed retailers, like Wilkinson, and catalog shops, like Argos, are also attracting customers by adopting various strategies, which are further boosting the demand for furniture products in the country.
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The number of UK households and the average number of occupants have both steadily increased in recent years. The latter has significant implications for buyer behavior, fueling the demand for kitchenware products. Kitchenware is projected to continue reporting the most rapid rise in household products, primarily guided by the nation's rekindling of home cooking and food preparation. The pleasure of home cooking drives customers to diversify their selection of kitchen utensils with more advanced items to make cooking simpler and more effective.
The rising demand for increasing the introduction of various types of plates, cookware, and cutlery at economical prices is expected to establish opportunities for new manufacturers to enter the market. It is estimated that every day around 10 million United Kingdom households (38% of the total) cook from basic ingredients and 21% of adults spend extra money on food and drink at home for special occasions, which are helping to further stimulate the demand for kitchenware.
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The report covers major local and international players operating in the United Kingdom Homeware Market. In terms of market share, few major players currently dominate the market. Companies in the homewares market have been implementing new strategies of marketing, retailing, and merchandising to meet the needs of buyers in commercial and residential spaces. In recent years, they have also entered into collaborations with retailers to expand the reach of their products for consumers in the homewares market.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.5 Industry Value Chain Analysis
4.6 Porters 5 Force Analysis
5. MARKET INSIGHTS
5.1 Trends Influencing the Market
5.2 Insights on E-commerce Impact on the Market
5.3 Technological Innovations in the Market
5.4 Impact of COVID-19 on the Market
6. MARKET SEGMENTATION
6.1 By Product
6.1.1 Home Decoration
6.1.4 Home Textiles
6.1.5 Home Appliances
6.1.6 Storage and Flooring
6.1.7 Other Types (Lighting, Bathroom Accessories, and Tableware)
6.2 By Distribution Channel
6.2.1 Supermarket and Hypermarkets
6.2.2 Specialty Stores
6.2.4 Other Distribution Channels
7. COMPETITIVE LANDSCAPE
7.1 Market Competion Overview
7.2 Company Profiles
126.96.36.199 John Lewis
188.8.131.52 DFS Furniture PLC
184.108.40.206 Way Fair UK
220.127.116.11 Bed Bath and Beyond UK
18.104.22.168 Villeroy and Boch
22.214.171.124 Kitchen Craft
126.96.36.199 Victoria PLC
188.8.131.52 Inter IKEA Group
8. ANALYST VIEW AND FUTURE OF THE MARKET
10. ABOUT US