UK Home Furniture Market

UK Home Furniture Market by Product Type (Living Room Furniture, Dining Room Furniture, Bedroom Furniture, Kitchen Furniture, and Others), Distribution Channels (Home Centers, Flagship Stores, Specialty Stores, Online, and Others) Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: CG-2774
  • Author: Growth Market Reports
  • Rating: 4.3
  • Total Reviews: 3
  • No. Of Pages: 222
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The UK home furniture market is anticipated to expand at substantial CAGR during the forecast period, between 2021 and 2028. Furniture is one of the indispensable items of a person’s daily life.Furniture refers to moving objects designed to support a variety of human activities, and are used for sitting on (chairs, stools, and couches), working on (tables), and sleeping on (beds.). Furniture is used to hold other items at a convenient height for work (as a horizontal surface on the floor such as a table or desk) or to store things (such as cabinets or shelves). Furniture is a product of design and is considered a form of decorative art. It can be made from many materials, including metal, plastic, and wood. Furniture can often be made using a variety of wood working compounds, reflecting local   culture.

UK Home Furniture Market

Market Trends, Drivers, Restraints, and Opportunities

  • Rising number of households in the UK is boosting the need for quality furniture.
  • Availability of trendy multi-functional furnitureis leading consumers to buy small furniture to fit in their rental apartments due to the lack of space.
  • Soaring house prices, rising student debt, and millennials delaying marriage and starting a family are some factors hinderingthe market.
  • Landlords are looking for inexpensive furniture to rent for their homes, lessors are more likely to look for less costly furniture options and rent home. This, in turn, is projected to impede the market.
  • Rapidly growing popularity of multifunctional furniture, furniture makers are inexpensive, sophisticated, or versatile furniture to fit small living spaces, which is creating opportunities in the market.
  • The outbreak of Coronavirus disease severely restricted the UK home furniture market in 2020 due to trade restrictions that disrupted the supply chain and government blockades around the world.

Scope of the Report

The report on theUK home furniture market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Home Furniture Market – UK Industry Analysis, Size, Share, Growth, Trends, and Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

Product Type (Living Room Furniture, Dining Room Furniture, Bedroom Furniture, Kitchen Furniture, and Others), Distribution Channels (Home Centers, Flagship Stores, Specialty Stores, Online, and Others)

Regional Scope

UK

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

UK Home Furniture Market Segment Insights

Kitchen furniture segment todominate the market

Based on product types, the UK home furniture market is segmented into living room furniture, dining room furniture, bedroom furniture, kitchen furniture, and other types.Kitchen furniture includes well-equipped kitchens and other wooden furniture used for cooking or storage. The growth of the segment is driven by urbanization and refurbishment of eat-in kitchens. The need for kitchen furniture is rising  due to the increasing investmentsand steady growth in and of the hotel industry, which is benefiting from the growing travel and tourism industries.

UK Home Furniture Market

Online segment to grow

On the basis of distribution channels, the market is fragmented into home centers, flagship stores, specialty stores, online, and other distribution channels. E-commerce is preferred by millennials for purchasing furniture as the furniture is shipped home and a large variety of products are available in varying colors and styles. Furniture makers are tailoring their products to these online platforms, and including details and options to cater to the growing young buyer base.For manufacturers, rise in online shopping reduces their costs and enables them to sell their products across the country.

UK Home Furniture Market

Segments

Segments Covered in the Report

By Product Types

  • Living Room Furniture
  • Dining Room Furniture
  • Bedroom Furniture
  • Kitchen Furniture
  • Other Types

By Distribution Channels

  • Home Centers
  • Flagship Stores
  • Specialty Stores
  • Online
  • Others

Competitive Landscape

Key players in the UK home furniture market include Ikea; Bed Bath & Beyond Inc.; Wayfair Inc.; Dunelm Group PLC; and DFS Furniture PLC. These players engage in mergers &acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Home Furniture Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Home Furniture Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Home Furniture Market - Supply Chain
  4.5. Global Home Furniture Market Forecast
     4.5.1. Home Furniture Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Home Furniture Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Home Furniture Market Absolute $ Opportunity
5. Global Home Furniture Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Home Furniture Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Home Furniture Demand Share Forecast, 2019-2026
6. North America Home Furniture Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Home Furniture Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Home Furniture Demand Share Forecast, 2019-2026
7. Latin America Home Furniture Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Home Furniture Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Home Furniture Demand Share Forecast, 2019-2026
8. Europe Home Furniture Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Home Furniture Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Home Furniture Demand Share Forecast, 2019-2026
9. Asia Pacific Home Furniture Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Home Furniture Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Home Furniture Demand Share Forecast, 2019-2026
10. Middle East & Africa Home Furniture Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Home Furniture Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Home Furniture Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Home Furniture Market: Market Share Analysis
  11.2. Home Furniture Distributors and Customers
  11.3. Home Furniture Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments Covered in the Report

By Product Types

  • Living Room Furniture
  • Dining Room Furniture
  • Bedroom Furniture
  • Kitchen Furniture
  • Other Types

By Distribution Channels

  • Home Centers
  • Flagship Stores
  • Specialty Stores
  • Online
  • Others

Key players in the UK home furniture market include Ikea; Bed Bath & Beyond Inc.; Wayfair Inc.; Dunelm Group PLC; and DFS Furniture PLC. These players engage in mergers &acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

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