UK Homeware Market Analysis Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers UK Homeware Market Share & Industry Trends and it is Segmented by Product (Home Furniture, Home Textiles, Home Appliances, Floor Covering Products, Home Dcor 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 market size and forecasts for the United Kingdom homeware market are provided in terms of value (USD billion) for all the above segments.

UK Homeware Market Size

United Kingdom Homeware Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 21.20 Billion
Market Size (2029) USD 26.00 Billion
CAGR (2024 - 2029) 4.17 %
Market Concentration Medium

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 size is estimated at USD 21.20 billion in 2024, and is expected to reach USD 26 billion by 2029, growing at a CAGR of 4.17% during the forecast period (2024-2029).

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 Market Trends

This section covers the major market trends shaping the UK Homeware Market according to our research experts:

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 Industry Overview

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. Companies including IKEA, Bed Bath and Beyond, Villeroy and Boch, Victoria PLC, and Bosch Group, among others have been profiled in the report.

UK Homeware Market Leaders

  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

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UK Homeware Market News

  • 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 Industry Segmentation

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 Research FAQs

The United Kingdom Homeware Market size is expected to reach USD 21.20 billion in 2024 and grow at a CAGR of 4.17% to reach USD 26.00 billion by 2029.

In 2024, the United Kingdom Homeware Market size is expected to reach USD 21.20 billion.

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

In 2023, the United Kingdom Homeware Market size was estimated at USD 20.35 billion. The report covers the United Kingdom Homeware Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the United Kingdom Homeware Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

The emerging consumer preferences in the UK Homewares Market are a) Shift towards sustainable and eco-friendly products b) Customizable and personalized homeware items c) Increased interest in home organization solutions

UK Homeware Industry Report

The United Kingdom homewares market is poised for steady growth, driven by factors such as rising urbanization, increased consumer purchasing power, and a growing number of household units. Key market segments include home textiles, kitchen and dining, household items, decorative products, and lighting, with kitchen and dining expected to see the highest growth rate. The market is supported by various distribution channels, including value, discount, and variety stores, home specialists, online retail, hypermarkets, and supermarkets. Trends such as the rise of resale, omnichannel strategies, sustainability, and technological advancements are shaping the market landscape. The market is also witnessing increased spending on furniture and appliances, driven by the growing trend of home improvement and the need for home office setups. Overall, the UK homewares market is characterized by a focus on value for money, quality, and price, with consumers seeking to enhance their living spaces through a variety of affordable and accessible options. For Detailed Statistics on the UK homeware market share, size, and homeware industry revenue growth, refer UK homewares industry report provided by Mordor Intelligence™ Industry Reports. UK homeware analysis includes a market forecast outlook and historical overview. Get a sample of this industry analysis as a free report PDF download.

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UK Homeware Market Analysis Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)