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.Strong Surface: The Essential Nature of Kitchen Furniture in New Homes Helps Drive Revenue Up
The range of products churned out by kitchen furniture manufacturers is fairly wide, covering flat-packs or bespoke kitchens, upholstered and un-upholstered chairs, among other things. Industry revenue is forecast to grow at a compound annual rate of 1.2% over the five years through 2022-23 to reach £2.8 billion. Growing residential construction activity propped up kitchen furniture sales prior to the COVID-19 pandemic, but then housebuilding activity came to a temporary standstill. Kitchen renovation were also halted, with builders unable to enter people's homes to carry out work - these factors ate into kitchen furniture sales in 2020-21. Alongside this, after growing prior to the pandemic, weak disposable incomes have held back consumer demand for new kitchens, hindering revenue.
Companies in this industry manufacture various types of furniture for kitchens, including kitchen benches, cabinets and worktops. These types of furniture are predominantly manufactured in flat-pack or bespoke format.
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Major Markets
- Globalisation & Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Barriers to Entry
OPERATING CONDITIONS
- Capital Intensity
- Industry Data
- Annual Change
- Key Ratios
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Nobia Holdings UK Ltd
- Howden Joinery Group plc
- Wren Kitchens Ltd
Methodology
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