United Kingdom (UK) Furniture and Floor Coverings Market Analysis by Categories, Revenue, Consumer Trends, Key Players and Forecast to 2027

United Kingdom (UK) Furniture and Floor Coverings Market Analysis by Categories, Revenue, Consumer Trends, Key Players and Forecast to 2027

Summary

The UK Furniture & Floorcoverings report offers a comprehensive insight into the furniture & floorcoverings market in the UK, analysing the sector, the major players, the main trends, and consumer attitudes, as well as providing market forecasts out to 2027.

The cost of living crisis, which has forced shoppers to be more considered with their spending, especially on big ticket purchases, has severely impacted the furniture & floorcoverings market which is due to fall by 1.2% in 2023. As real wages declined during the first half of 2023 and consumer confidence remained suppressed, shoppers prioritised their spending elsewhere, with furniture & floorcoverings being in the bottom two for spending intentions in GlobalData’s Consumer Sentiment Tracker throughout 2023.

Scope

• The furniture market is forecast to decline by 0.9% in 2023 as consumers deprioritise furniture purchases
• IKEA gained the most furniture market share, whilst DFS saw the largest fall in market share amongst the top 10 players
• Rugs and mats are expected see amongst the highest rates of growth in the floorcoverings sector

Reasons to Buy

• Using our five year forecasts to 2027, learn which areas of the furniture & flooroverings market will be the fastest performing to enable focus and investment in these winning product areas.
• Understand how drivers of furniture & flooroverings purchases, such as range, price and quality, vary in importance among different demographics to maximise sales potential.
• Use our in-depth analysis and forecasts to understand current trends in furniture & flooroverings subcategories, such as upholstery, carpet, and tiles