United Kingdom Home Furniture Market – Growth, Trends, And Forecast (2020 – 2025)
United Kingdom Home Furniture market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics has been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The Market share and Market size prominent players for 2020 to 2025 are profiled in this report.
Top Companies like Alpha Designs Upholstery Limited, Andrena Furniture Ltd, Delcor Limited, Cotteswood Furniture, Steve Bristow Furniture, Ikea, Bed Bath & Beyond Inc, Wayfair Inc, DFS Furniture PLC, Dunelm Group PLC, Steinhoff UK Retail Limited
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Scope of the Report
The United Kingdom furniture distribution is the highest share of non-specialist retailers, due to the significant presence of alternative channels like e-commerce, hypermarkets, homeware retailers, and department stores compared to the other European countries. UK is the second home furniture consumer in Western Europe (WE), providing about 17% of WE demand, and the third importer, absorbing about 15% of WE imports. Online players are also continuing their upward path, and blurring the boundaries between on and offline experience with their own takes on the traditional store concept. In a context of political and economic uncertainty caused by Brexit, home furnishings performed relatively well in 2019. This can be attributed to a growing number of households in the country but also to a trend towards more qualitative furniture.
Key Market Trends
Increasing Housing Construction is Driving the Market
Europe recorded its fifth consecutive year of growth in construction for the year 2018 with growth in residential, non-residential, and civil engineering projects in the region with the UK contributing a remarkable share to it. The rising demand for residential projects in the developing countries combined with a strengthening new home construction market contributed to another steady year of growth for the home furniture market. _
Kitchen Furniture Segment
Kitchen Furniture includes fitted kitchen units as well as other wooden furniture used for preparing food or for food storage. The segment growth is driven by surging urbanization and remodeling in residential kitchens. Kitchen Furniture gaining momentum in investments with consistent growth in the hotel industry which in turn thrives on rising in travel and tourism.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: United Kingdom Home Furniture Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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