United Kingdom Homeware Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The United Kingdom Homeware Market is Segmented by Product (Home Furniture, Home Textiles, Home Appliances, Floor Covering Products, Home Décor Products, and Other Products (Lighting, Bathroom Accessories, Tableware, etc.)) and by Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Distribution Channels, and Other Distribution Channels). The report offers market size and forecasts for the UK homeware market in value (USD billion) for all the above segments.

UK Homeware Industry Overview

United Kingdom Homeware Market Summary
Study Period: 2018-2027
CAGR: > 4 %

Major Players

United Kingdom Homeware Market Major Players

*Disclaimer: Major Players sorted in no particular order

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UK Homeware Market Analysis

The United Kingdom homeware market is expected to register a CAGR of 4% during the forecast period. The United Kingdom 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. However, as the market is largely hit by the COVID-19 pandemic affecting customer confidence and purchasing power parity, the increased time customers have been spending at home to follow the Stay Home to Stay Safe protocol is helping the market record more transactions in the country.

Furthermore, factors such as globalization, new kinds of designs, and the availability of a variety of items for home decor, are encouraging the growth of the market. Due to the rise of online retail, furniture and other items used in houses are available at discounted prices 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. Competition among the various distribution channels is expected to intensify over the next five-year period, with the COVID-19 outbreak having accelerated a shift toward online platforms across the country.

UK Homeware Industry Segments

The UK homeware market is segmented by product (home furniture, home textiles, home appliances, floor covering products, home décor products, and other products (lighting, bathroom accessories, tableware, etc.)) and by distribution channel (supermarkets and hypermarkets, specialty stores, online distribution channels, and other distribution channels).

The report offers market size and forecasts for the UK homeware market value in value (USD billion) for all the above segments.

By Product
Home Furniture
Home Textiles
Home Appliances
Floor Covering Products
Home Décor Products
Other Products (Lighting, Bathroom Accessories, Tableware, etc.)
By Distribution Channel
Supermarket and Hypermarkets
Specialty Stores
Online Distribution Channels
Other Distribution Channels

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UK Homeware Market Trends

Increased Spending on Furniture and Appliances is Driving the Market's Growth

The UK homeware market has been recording modest growth during the review period, overcoming the economic and political uncertainty due to Brexit. The majority of product categories, including home furniture, home textiles, and home appliances, have been recording Y-o-Y growth in the number of transactions owing to the increasing usage in households. During 2020, homeware market products, especially home décor products and furniture, grabbed more customer attention as the majority of customers had switched to working-from-home practices. This also drove the demand for home office furniture and small kitchen appliances, including coffee makers and grills, among others, owing to the more time customers got to spend at home. The trend is anticipated to help the specific segments to record more revenues in the country in the forecast period.

United Kingdom Homeware Market- Furniture, Lighting Homeware Retailers in the United Kingdom, in GBP Million, 2017-2022

Growing Demand for Online Distribution Channels is Helping the Market in Recording More Transactions

The United Kingdom offers a high number of online channels that provide dedicated homeware products for customers to buy. The developed nation, coupled with the high access to the internet and the majority of customers who are willing to purchase their products via online or e-commerce channels, is helping the market to grow faster in the country. Though, owing to the luxury products expected from segments such as home decor and lighting, among others, requiring more customer attention to detail has restricted the segment to an extent during the review period. However, the COVID-19 pandemic and the closure of physical retail stores for a long time have been helping online distribution channels record more revenues.

United Kingdom Homeware Market Trend - E-commerce Revenue in the United Kingdom (2015-2021), GBP Billion

UK Homeware Market Competitor Analysis

The report covers major local and international players operating in the UK homeware market. In terms of market share, a few major players currently dominate the market. Companies in the homeware market have been implementing new strategies of marketing, retailing, and merchandising to meet the needs of buyers in residential spaces. In recent years, they have also entered into collaborations with retailers to expand the reach of their products for consumers in the homeware market.

UK Homeware Market Top Players

  1. IKEA

  2. Bed Bath and Beyond

  3. Villeroy and Boch

  4. Victoria PLC

  5. Bosch Group

*Disclaimer: Major Players sorted in no particular order

IKEA, Bed Bath and Beyond, Villeroy and Boch, Victoria PLC, Bosch Group

UK Homeware Market Recent Developments

  • October 2022: Victoria PLC, the United Kingdom-based flooring designer, manufacturer, and distributor, announced the acquisition of Florida-based International Wholesale Tile LLC (IWT).
  • February 2022: Victoria PLC, the international designer, manufacturer, and distributor of innovative flooring, completed the acquisition of B3 Ceramics Danismanlik (Graniser).

UK Homeware Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    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 Drivers

    2. 4.2 Market Restraints/Challenges

    3. 4.3 Market Opportunities

    4. 4.4 Industry Value Chain Analysis

    5. 4.5 Porter's Five Forces Analysis

    6. 4.6 Technological Innovations in the Market

    7. 4.7 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Home Furniture

      2. 5.1.2 Home Textiles

      3. 5.1.3 Home Appliances

      4. 5.1.4 Floor Covering Products

      5. 5.1.5 Home Décor Products

      6. 5.1.6 Other Products (Lighting, Bathroom Accessories, Tableware, etc.)

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarket and Hypermarkets

      2. 5.2.2 Specialty Stores

      3. 5.2.3 Online Distribution Channels

      4. 5.2.4 Other Distribution Channels

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 DFS Furniture PLC

      2. 6.2.2 Inter IKEA Group

      3. 6.2.3 Bosch Group

      4. 6.2.4 Koninklijke Philips NV

      5. 6.2.5 Dyson

      6. 6.2.6 Milliken

      7. 6.2.7 Kitchen Craft

      8. 6.2.8 Victoria PLC

      9. 6.2.9 Gerflor

      10. 6.2.10 Way Fair UK

      11. 6.2.11 Cuisinart

      12. 6.2.12 Bed Bath and Beyond UK

      13. 6.2.13 Villeroy and Boch

      14. 6.2.14 Victoria PLC*

    3. *List Not Exhaustive
  7. 7. FUTURE OF THE MARKET

  8. 8. DISCLAIMER

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UK Homeware Market Research FAQs

The United Kingdom Homeware Market market is studied from 2018 - 2027.

The United Kingdom Homeware Market is growing at a CAGR of >4% over the next 5 years.

IKEA, Bed Bath and Beyond , Villeroy and Boch, Victoria PLC, Bosch Group are the major companies operating in United Kingdom Homeware Market.

United Kingdom Homeware Industry Reports

In-depth industry statistics and market share insights of the United Kingdom Homeware sector for 2020, 2021, and 2022. The United Kingdom Homeware research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the United Kingdom Homeware report PDF.

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