Market Size of United Kingdom Kitchen Furniture Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 1.26 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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UK Kitchen Furniture Market Analysis
The United Kingdom Kitchen Furniture market is expected to grow annually at a CAGR of 1.26% during the forecast period (2021 - 2026).
Fitted kitchen units, as well as other wooden furniture for food preparation and storage, are included in kitchen furniture. Kitchen furniture, such as kitchen benches, cabinets, and worktops, is manufactured by operators in this industry. The flat-pack or customised furniture is the most common configuration for this type of furniture. The primary market drivers are rising urbanisation and domestic kitchen renovations in the United Kingdom. With steady growth in the United Kingdom hotel industry, which supports expansion in travel and tourism, kitchen equipment and fixtures are gaining relevance in investments. In addition, a high proportion of the population living in cities has been the primary customers of kitchen equipment and accessories in the United Kingdom. In the near future, this is anticipated to create a major growth opportunity and potential for the United Kingdom Kitchen Furniture market.
The emergence of COVID-19 in the United Kingdom acted as a major drag on the kitchen furniture market in 2020, as supply chains were disrupted by trade restrictions and demand fell due to worldwide lockdowns. National governments' efforts to stop the spread led to the suspension of manufacturing and a drop in economic activity, with countries entering a state of lockdown. Businesses in the United Kingdom are projected to be negatively impacted by the outburst until 2021.