UK Homeware Industry Overview
|CAGR:||> 4 %|
*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.
|Floor Covering Products|
|Home Décor Products|
|Other Products (Lighting, Bathroom Accessories, Tableware, etc.)|
|By Distribution Channel|
|Supermarket and Hypermarkets|
|Online Distribution Channels|
|Other Distribution Channels|
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.
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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.
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
Bed Bath and Beyond
Villeroy and Boch
*Disclaimer: Major Players sorted in no particular order
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 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Drivers
4.2 Market Restraints/Challenges
4.3 Market Opportunities
4.4 Industry Value Chain Analysis
4.5 Porter's Five Forces Analysis
4.6 Technological Innovations in the Market
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Home Furniture
5.1.2 Home Textiles
5.1.3 Home Appliances
5.1.4 Floor Covering Products
5.1.5 Home Décor Products
5.1.6 Other Products (Lighting, Bathroom Accessories, Tableware, etc.)
5.2 By Distribution Channel
5.2.1 Supermarket and Hypermarkets
5.2.2 Specialty Stores
5.2.3 Online Distribution Channels
5.2.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 DFS Furniture PLC
6.2.2 Inter IKEA Group
6.2.3 Bosch Group
6.2.4 Koninklijke Philips NV
6.2.7 Kitchen Craft
6.2.8 Victoria PLC
6.2.10 Way Fair UK
6.2.12 Bed Bath and Beyond UK
6.2.13 Villeroy and Boch
6.2.14 Victoria PLC*
7. FUTURE OF THE MARKET
UK Homeware Market Research FAQs
What is the study period of this market?
The United Kingdom Homeware Market market is studied from 2018 - 2027.
What is the growth rate of United Kingdom Homeware Market?
The United Kingdom Homeware Market is growing at a CAGR of >4% over the next 5 years.
Who are the key players in United Kingdom Homeware Market?
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.