Furniture, Carpet & Lighting Wholesaling in the UK - Industry Market Research Report
Description
Furniture, Carpet & Lighting Wholesaling in the UK
The level of residential construction, expenditure on dwellings, disposable income and level of demand from homeware retailers all heavily influence wholesalers' sales. Over the five years through 2023-24, wholesalers' revenue is forecast to contract at a compound annual rate of 4.4% to £5.1 billion, despite muted growth of 1% in 2023-24. In the year through March 2023, CPI inflation was 10.1%, according to the ONS, while GfK's consumer confidence index read -36, indicating a severely pessimistic outlook on household finances from most people. During financial hardship, spending on discretionary items like furniture, carpets and lighting drops, with purchases typically only made to replace faulty products. ONS data revealed that the volume of new orders for construction between January and March 2023 was 14.3% below the same period in 2022, driven by substantial drops in private commercial work and private housing. New public housing and private industrial work grew during this period, offsetting the revenue loss somewhat. That's why revenue dipped in 2022-23.
Operators in this industry wholesale and distribute carpet, furniture and lighting equipment. Sofas, armchairs, dining tables, wardrobes and outdoor furniture are all included in the industry, but office furniture is not. Lighting equipment includes electrical light fixtures, ceiling light fixtures, chandeliers and table lamps.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
The level of residential construction, expenditure on dwellings, disposable income and level of demand from homeware retailers all heavily influence wholesalers' sales. Over the five years through 2023-24, wholesalers' revenue is forecast to contract at a compound annual rate of 4.4% to £5.1 billion, despite muted growth of 1% in 2023-24. In the year through March 2023, CPI inflation was 10.1%, according to the ONS, while GfK's consumer confidence index read -36, indicating a severely pessimistic outlook on household finances from most people. During financial hardship, spending on discretionary items like furniture, carpets and lighting drops, with purchases typically only made to replace faulty products. ONS data revealed that the volume of new orders for construction between January and March 2023 was 14.3% below the same period in 2022, driven by substantial drops in private commercial work and private housing. New public housing and private industrial work grew during this period, offsetting the revenue loss somewhat. That's why revenue dipped in 2022-23.
Operators in this industry wholesale and distribute carpet, furniture and lighting equipment. Sofas, armchairs, dining tables, wardrobes and outdoor furniture are all included in the industry, but office furniture is not. Lighting equipment includes electrical light fixtures, ceiling light fixtures, chandeliers and table lamps.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
42 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Major Markets
Globalisation & Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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