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United Kingdom (UK) Furniture and Floorcoverings Market Size, Trends, Consumer Attitudes and Key Players, 2021-2026

Publisher GlobalData
Published Nov 11, 2022
Length 75 Pages
SKU # GBDT17708826

Description

United Kingdom (UK) Furniture and Floorcoverings Market Size, Trends, Consumer Attitudes and Key Players, 2021-2026

Summary

United Kingdom (UK) Furniture and Floorcoverings Market Size, Trends, Consumer Attitudes and Key Players, 2021-2026 report offers comprehensive insight and analysis of the furniture & floorcoverings market, the major players, key trends, and consumer attitudes. It provides in-depth analysis of the hot issues impacting the market (such as the financial crisis, inflation), strategies for success, market sizes from 2016 and forecasts to 2026, retailer profiles and market shares, and consumer shopping behaviour. Consumer data is based on our 2022 UK How Britain Shops survey, using a panel of 10,000 nationally representative consumers.

The combined furniture & floorcoverings market is set to experience its sharpest decline outside of the pandemic since 2012 as the cost-of-living crisis clamps down on consumer spend. As essential items such as food, utilities and petrol became more expensive, shoppers shifted spend from discretionary areas to more essential purchases. This has impacted furniture retailers hard with DFS, ScS and Wickes seeing demand for furniture cool for periods since April. Shoppers with more discretionary money prioritised leisure and experiences that had been deferred during the pandemic. Inflationary pressures have intensified further, reaching 8.8% in September 2022 with double-digit price rises in food.

Scope
  • Furniture and Floorcoverings market to decline in 2022 as consumers cut back discretionary spend
  • The main winners in furniture and floorcoverings will include IKEA, Dreams, DFS, Carpetright and Tapi which all benefitted from going against a lockdown comparative in Q1 2022.
  • Quality of products continues to rank the highest among consumers, with 91% of people rating it above seven out of ten in importance.
Reasons to Buy
  • Using our five year forecasts to 2026, learn which subcategories in the Furniture & Floorcoverings market will be the fastest performing to enable focus and investment in these winning product areas.
  • Understand how drivers of Furniture & floorcoverings purchases, such as range, price and quality, vary in importance among different demographics in order to maximise sales potential.
  • Use our in-depth analysis of the challenges faced by key retailers in the sector in order to understand how to steal shoppers and market share.

Table of Contents

75 Pages
  • Executive Summary
    • UK Furniture & Floorcoverings Market Drivers
    • UK Furniture & Floorcoverings Market Inhibitors
    • Key Trends: Supply chain disruption
    • Key Trends: Collapse of the pureplays
    • Key Trends: greater focus on design
    • Key Trends: Made.com collapses into administration
    • Key Trends: Sustainability
    • Key Trends: More emphasis on fitters in flooring
    • Strategies for Success in the UK Furniture & Floorcoverings Market
    • UK Furniture Market, five year growth 2016-2026
    • UK Furniture Market Size, 2016-2026
    • UK Furniture Market Growth Drivers, 2019-2026
    • UK Floorcoverings Market, five year growth 2016-2026
    • UK Floorcoverings Market Size, 2016-2026
    • UK Floorcoverings Market Growth Drivers, 2019-2026
    • Key Furniture Trends
    • Furniture Categories
    • UK Furniture Market by Category %, 2016-2026
    • UK Furniture Category Segment Value and Forecast, 2021 & 2026
    • Key Floorcoverings Trends
    • Floorcoverings Categories
    • UK Floorcoverings Market by Category %, 2016-2026
    • UK Floorcoverings Category Segment Value and Forecast, 2021 & 2026
    • UK Furniture & Floorcoverings Online Market, 2016-2026
    • UK Furniture & Floorcoverings Channel Growth, 2016-2026
    • UK Furniture Market by Channel, 2021 and 2026
    • UK Furniture Channel Value & Forecast, 2021 and 2026
    • UK Floorcoverings Market by Channel, 2021 and 2026
    • UK Floorcoverings Channel Value & Forecast, 2021 and 2026
    • Market Shares of Top 10 UK Furniture Retailers, 2021-22e
    • Market Shares of Top 10 UK Floorcoverings Retailers, 2021-22e
    • Top 20 Most Visited and Purchased from Retailers for Furniture & Floorcoverings, 2022
    • UK Furniture & Floorcoverings Competitor Overlap, 2022
    • IKEA
    • DFS
    • Argos
    • Wren
    • B&Q
    • Carpetright
    • Retailers to Watch
    • Key Consumer Trends
    • UK Furniture & Floorcoverings Penetration & Profile, 2022
    • UK Furniture Category Penetration, 2022
    • UK Floorcoverings Category Penetration, 2022
    • UK Furniture and Floorcoverings Channel Usage, 2022
    • UK Furniture & Floorcoverings Fulfilment Methods, 2022
    • UK Furniture & Floorcoverings Purchase Frequency, 2022
    • UK Furniture & Floorcoverings Consumer Drivers, 2022
  • Methodology, Definitions & Contacts

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