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

Market Overview

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.

Scope of the Report

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.

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Key Market Trends

Increased Spending on Furniture and Furnishings Products

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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