United Kingdom (UK) Homewares Market Analysis by Categories, Revenue Share, Consumer Attitudes, Key Players and Forecast to 2027

United Kingdom (UK) Homewares Market Analysis by Categories, Revenue Share, Consumer Attitudes, Key Players and Forecast to 2027

Summary

The UK Homewares report offers a comprehensive insight into the Homewares 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 UK homewares market is forecast to decline by 0.5% in 2023 as the effects of the boom in the market during the pandemic have worn off, with demand having normalised in 2022, and consumers have reduced their spending on non-essential items due to the cost-of-living crisis. Despite this, the market has held up slightly better than anticipated due to the essential nature of some products, as well as the lower prices of decorative items that persuades shoppers to make impulse purchases. The market is forecast to return to growth in 2024, rising by 1.3%, as inflation eases and consumers have more disposable income to spend on their homes.

Scope

• Homewares market is set to decline slightly in 2023 as the high cost of living reduces consumers’ discretionary spend
• Mass market retailers Dunelm and IKEA witness the greatest market share gains in 2022
• Homewares purchases are driven by value for money, quality and price

Reasons to Buy

• Using our five year forecasts to 2027, learn which areas of the Homewares market will be the fastest performing to enable focus and investment in these winning product areas.
• Understand how drivers of Homewares 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 Homewares subcategories, such as home textiles and household.